CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 205 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 77,833 miles of electric distribution overhead lines; 9,264 miles of underground distribution lines; 1,096 substations; and 2 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,410 miles of transmission lines; 15 gas storage fields; 27,958 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It owns interests in independent power plants totalling 1,838 megawatts. The EnterBank segment operates an industrial bank providing unsecured installment loans for financing home improvements. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.
IPO Year:
Exchange: NYSE
Website: cmsenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/5/2024 | $76.00 | Buy | Jefferies |
| 10/15/2024 | $76.00 → $72.00 | Outperform → Neutral | Mizuho |
| 4/4/2024 | Buy → Neutral | UBS | |
| 2/2/2024 | $60.00 → $64.00 | Neutral → Buy | Guggenheim |
| 1/16/2024 | $62.00 | Peer Perform → Outperform | Wolfe Research |
| 1/8/2024 | Buy → Neutral | Seaport Research Partners | |
| 10/5/2023 | $57.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 8/23/2023 | $58.00 | Equal Weight | Barclays |
| 6/6/2023 | $63.00 → $68.00 | Neutral → Buy | UBS |
| 3/8/2023 | Neutral → Buy | BofA Securities |
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Jefferies initiated coverage of CMS Energy with a rating of Buy and set a new price target of $76.00
Mizuho downgraded CMS Energy from Outperform to Neutral and set a new price target of $72.00 from $76.00 previously
UBS downgraded CMS Energy from Buy to Neutral
Guggenheim upgraded CMS Energy from Neutral to Buy and set a new price target of $64.00 from $60.00 previously
Wolfe Research upgraded CMS Energy from Peer Perform to Outperform and set a new price target of $62.00
Seaport Research Partners downgraded CMS Energy from Buy to Neutral
KeyBanc Capital Markets upgraded CMS Energy from Sector Weight to Overweight and set a new price target of $57.00
Barclays initiated coverage of CMS Energy with a rating of Equal Weight and set a new price target of $58.00
UBS upgraded CMS Energy from Neutral to Buy and set a new price target of $68.00 from $63.00 previously
BofA Securities upgraded CMS Energy from Neutral to Buy
JACKSON, Mich., Nov. 19, 2024 /PRNewswire/ -- Consumers Energy is reminding our Michigan friends and neighbors to be alert and take action to protect themselves from scams as we approach the holidays and with Utility Scam Awareness Day taking place this week. "Consumers Energy is always working to protect our customers from identity theft and fraud, whether it's over the phone and Internet, or someone knocking at your door," said Jim Beechey, Consumers Energy's vice president of information technology and security. "We can't stop criminals from trying to cheat people, but we c
JACKSON, Mich., Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation. The following dividend is payable Jan. 15, 2025, to shareholders of record at the close of business on Jan. 1, 2025: $0.2625 per depositary share (NYSE:CMS). Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Michigan-based energy pro
JACKSON, Mich., Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the Utility's preferred stock. The following dividend is payable Jan. 1, 2025, to shareholders of record at the close of business on Dec. 2, 2024: $1.125 per share on the $4.50 preferred stock (NYSE:CMS). Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Mic
Project Strengthens Backbone of Delivery System Across Five Counties JACKSON, Mich., Nov. 4, 2024 /PRNewswire/ -- Consumers Energy today announced it has completed its Mid-Michigan Pipeline, replacing and upgrading 55 miles of natural gas transmission pipeline in Clinton, Shiawassee, Ingham, Livingston and Washtenaw counties. Mid-Michigan is the last in a series of major projects representing a nearly $1.5 billion investment to modernize the company's natural gas system, ensuring the major arteries that keep natural gas flowing to homes and businesses are as safe and reliable
JACKSON, Mich., Oct. 31, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.84 for the third quarter of 2024, compared to $0.60 per share for the same quarter in 2023. The company's adjusted earnings per share for the third quarter were $0.84, compared to $0.61 per share for the same quarter in 2023. For the first nine months of the year, the company reported $2.45 per share compared to $1.96 per share for the same timeframe in 2023. The company's adjusted earnings per share on a year-to-year basis were $2.47 in 2024, compared to $2.06 per share in 2023, largely due to constructive regulatory outcomes and solid performance at NorthStar Clean Energy.
Cameras Last Year Reduced Potential Outages by Nearly 20 Million Minutes JACKSON, Mich., Oct. 23, 2024 /PRNewswire/ -- Consumers Energy is putting technology to work on its electric grid, using infrared cameras that reduced power outages for its nearly 2 million by an average of 10 minutes last year. The handheld infrared cameras detect problems inside nearly 1,100 large electric substations throughout Michigan and allow Consumers Energy to make repairs before they affect the public. The approach is another part of Consumers Energy's Reliability Roadmap – our commitment to red
JACKSON, Mich., Oct. 21, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable Nov. 27, 2024, to shareholders of record on Nov. 13, 2024. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com. CMS Energy (NYSE:CMS) is a Michigan-based energy company featuring Consumers Energy as it
18,000 Devices Could Measure Impact of Electric Vehicles JACKSON, Mich., Oct. 18, 2024 /PRNewswire/ -- The U.S. Department of Energy today selected Consumers Energy to receive a nearly $20 million financial assistance award to deploy new technology and provide real-time visibility into the grid and help integrate electric vehicles into Michigan's electric grid. The commitment will be matched by $20 million from Consumers Energy as it powers Michigan's EV transformation. Consumers Energy will use the nearly $40 million to add artificial intelligence-powered modules to 18,000 el
Inspections Cover Enough Distance to Circle the Earth, with Room to Spare! JACKSON, Mich., Oct. 17, 2024 /PRNewswire/ -- On foot, by vehicle and in all weather, Consumers Energy is working to inspect a record amount of low-voltage electric lines in Michigan this year. We plan to cover 25,500 miles – more than the distance around the Earth at the equator. The stepped-up inspection program is another part of Consumers Energy's Reliability Roadmap – our commitment to reduce the number and length of power outages. "There are so many tactics and techniques that are helping us buil
JACKSON, Mich., Oct. 14, 2024 /PRNewswire/ -- Consumers Energy is taking another new step to power Michigan's electric vehicle transformation by announcing an effort to install EV chargers at workplaces across the state. Consumers Energy expects over 500 workplaces will install charging by 2030. "Consumers Energy is offering new approaches that will drive the growth of EVs. We're breaking down barriers that will help get EVs into driveways at home, to fast public chargers and, now, places where we work," said Lauren Snyder, Consumers Energy's vice president of customer experie
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JACKSON, Mich., Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation. The following dividend is payable Jan. 15, 2025, to shareholders of record at the close of business on Jan. 1, 2025: $0.2625 per depositary share (NYSE:CMS). Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Michigan-based energy pro
JACKSON, Mich., Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the Utility's preferred stock. The following dividend is payable Jan. 1, 2025, to shareholders of record at the close of business on Dec. 2, 2024: $1.125 per share on the $4.50 preferred stock (NYSE:CMS). Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Mic
JACKSON, Mich., Oct. 21, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable Nov. 27, 2024, to shareholders of record on Nov. 13, 2024. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com. CMS Energy (NYSE:CMS) is a Michigan-based energy company featuring Consumers Energy as it
JACKSON, Mich., Aug. 8, 2024 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the Utility's preferred stock. The following dividend is payable Oct. 1, 2024 to shareholders of record at the close of business on Sept. 3, 2024: $1.125 per share on the $4.50 preferred stock (NYSE:CMS). Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Mic
JACKSON, Mich., Aug. 8, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation. The following dividend is payable Oct. 15, 2024, to shareholders of record at the close of business on Oct. 1, 2024: $0.2625 per depositary share (NYSE:CMS). Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Michigan-based energy pro
JACKSON, Mich., July 22, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable Aug. 30, 2024, to shareholders of record on Aug. 2, 2024. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com. CMS Energy (NYSE:CMS) is a Michigan-based energy company featuring Consumers Energy as its
JACKSON, Mich., May 3, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation. The following dividend is payable July 15, 2024, to shareholders of record at the close of business on July 1, 2024: $0.2625 per depositary share. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Michigan-based energy provider featur
JACKSON, Mich., May 3, 2024 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility's preferred stock. The following dividend is payable July 1, 2024, to shareholders of record at the close of business on June 3, 2024: $1.125 per share on the $4.50 preferred stock (NYSE:CMS). Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Mich
JACKSON, Mich., April 22, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable May 31, 2024, to shareholders of record on May 15, 2024. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com. CMS Energy (NYSE:CMS) is a Michigan-based energy company featuring Consumers Energy as its
JACKSON, Mich., Feb. 9, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation. The following dividend is payable April 15, 2024, to shareholders of record at the close of business on April 1, 2024: $0.2625 per depositary share. Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website. CMS Energy (NYSE:CMS) is a Michigan-based energy provider fea
JACKSON, Mich., June 24, 2024 /PRNewswire/ -- Consumers Energy today announced the appointment of Angela D. Henderson as vice president of supply chain, effective July 1. Angela joins Consumers Energy from Ford Motor Co. where she held a variety of leadership roles in supply chain with rich experience in sourcing & purchasing, sustainability & diversity, and most recently in strategic and digital transformation. "I'm delighted to welcome Angela and her wealth of experience in supply chain to Consumers Energy. Her deep background in leading numerous supply chain functions at Fo
ELLICOTT CITY, Md., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Huntress, the managed security platform for small and mid-sized businesses (SMBs) and the managed service providers that support them, today announced that industry veteran Myrna Soto, who has more than three decades of experience in corporate leadership and cybersecurity, has been elected to Huntress' Board of Directors. Soto brings information technology and security experience and distinction, leading and advising cybersecurity best practices to global businesses and their consumers. Soto is the former Global CISO at Comcast Corp., Chief Strategy and Trust Officer at Forcepoint, COO at an award-winning managed security services prov
Proposal Expands Programs and Lowers Costs for Customer Options JACKSON, Mich., Sept. 21, 2023 /PRNewswire/ -- Consumers Energy today announced a sweeping new proposal to expand access and improve affordability to its renewable energy offerings, building on its already industry-leading Clean Energy Plan to eliminate coal and be carbon neutral. Consumers Energy plans to update its renewable offerings by cutting costs for community solar by more than 50% and enabling every customer to match 100% of their energy use with wind and solar. Landlords, businesses and other individuals
EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) announced today that its Board of Directors has appointed Rejji Hayes as a director of Fortive. In addition, the Board has appointed Mr. Hayes to the Audit Committee of the Board. Alan Spoon, Chairman of the Board of Fortive, said, "We are extremely pleased to welcome Rejji to our Board. With his extensive leadership experience in large and complex enterprises and deep background in accounting, finance, capital markets and investment strategies, Rejji will provide invaluable expertise and perspective to the Board in its oversight of Fortive’s strategy, risk management, and financial reporting." Since 2017
Consumers Energy expects to power 1,500 new fast charging locations for electric vehicles by the end of the decade, a huge expansion in public charging that highlights still-strong EV growth and a bright future for clean transportation in Michigan. The forecast is part of Consumers Energy's Transportation Electrification Plan that it is filing with state regulators. In the report, the energy provider shared successes in residential and business EV programs, vehicle charging at night that helps the electric grid – and offered a plan for new rebates for battery-powered public EV chargers.
Shares for air conditioner manufacturers and utility companies are rising with the temperatures as a heat wave that has scorched the Midwest makes its way to the South. What Happened: A major heat wave that brought sweltering temperatures to the Midwest and Mid-Atlantic for more than a week is now headed to the South, as the more northern regions face severe storms and widespread floods, NPR reported. As of Sunday, more than 123 million people across multiple U.S. states were under heat advisories including South Dakota, Nebraska, Kansas, Oklahoma, Iowa, Missouri, Arkansas, Louisiana, Florida, Connecticut, Pennsylvania, New York, New Jersey, Delaware, Virginia, Maryland and North Carol
Morgan Stanley analyst Stephen Byrd maintains CMS Energy (NYSE:CMS) with a Equal-Weight and lowers the price target from $61 to $58.
CMS Energy's (NYSE:CMS) short percent of float has fallen 10.85% since its last report. The company recently reported that it has 9.06 million shares sold short, which is 3.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.32 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
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Morgan Stanley analyst Stephen Byrd maintains CMS Energy (NYSE:CMS) with a Equal-Weight and raises the price target from $57 to $61.
Keybanc analyst Sophie Karp maintains CMS Energy (NYSE:CMS) with a Overweight and raises the price target from $66 to $68.
BMO Capital analyst James Thalacker maintains CMS Energy (NYSE:CMS) with a Outperform and raises the price target from $68 to $71.