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 |
---|---|---|---|
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 | |
11/21/2022 | $61.00 → $64.00 | Neutral → Outperform | Credit Suisse |
10/6/2022 | $63.00 | Neutral → Buy | Seaport Research Partners |
City of Grand Rapids and City of Kalamazoo Sign Contracts for Renewable Energy Program to Power Their Cities JACKSON, Mich., Sept. 17, 2024 /PRNewswire/ -- The cities of Grand Rapids and Kalamazoo are setting a new standard in sustainability by joining the Consumers Energy Renewable Energy Program (REP). This partnership represents a significant step toward achieving their ambitious climate goals and advancing their commitment to reducing greenhouse gas emissions. The Renewable Energy Program enables customers to match 100% of their energy use with cost-effective wind and solar power. This customer-powered clean energy effort lowers costs and helps protect the planet. "Consumers Energy appr
Ottawa County Complex to Close in Mid-2025 as Part of Clean Energy Plan OTTAWA COUNTY, Mich., Aug. 21, 2024 /PRNewswire/ -- Consumers Energy is inviting the public to tour its J.H. Campbell Complex in West Michigan next month, starting the final leg in the process that will close the energy provider's last coal-fired complex in less than a year. Consumers Energy is closing all three units of the Ottawa County complex. This closure will mark the company as one of the first U.S. utility providers to eliminate coal burning and is part of its Clean Energy Plan for a carbon-neutral
JACKSON, Mich., Aug. 12, 2024 /PRNewswire/ -- In recognition of National Safe Digging Day (Aug. 11 or 8-1-1 Day), Consumers Energy is offering tips and reminders for safe digging. "Not only is contacting 8-1-1 before every dig project an easy and responsible way to ensure you're keeping yourself, your friends and your neighbors safe when you dig — it is also the law," said Holly Bowers, vice president of gas engineering and supply for Consumers Energy. "This free resource doesn't just protect from a minor inconvenience; it helps customers avoid injury, property damage, or even
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
NorthStar Clean Energy and General Motors launch Newport Solar to help power GM facilities ANN ARBOR, Mich., Aug. 7, 2024 /PRNewswire/ -- NorthStar Clean Energy proudly announces the official opening of Newport Solar, a 180 MW project designed to source renewable electricity for General Motors' operations in the Midcontinent Independent System Operator (MISO) territory including Lansing Delta Township Assembly and Lansing Grand River Assembly in Michigan, as well as Wentzville Assembly in Missouri, which underscores a shared commitment to providing creative renewable energy solutions and aggressively pursuing a low carbon future.
JACKSON, Mich., July 25, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.65 for the second quarter of 2024, compared to $0.67 per share for 2023. The company's adjusted earnings per share for the second quarter were $0.66, compared to $0.75 per share for the same quarter in 2023. For the first six months of the year, the company reported $1.61 per share compared to $1.36 per share for the same timeframe in 2023. On an adjusted earnings per share basis year to date, the company reported $1.63 per share in 2024, compared to $1.45 per share in 2023, primarily due to constructive regulatory outcomes and higher weather normalized sales.
JACKSON, Mich., July 23, 2024 /PRNewswire/ -- Consumers Energy will clear and remove trees along over 7,000 miles of power lines this year, part of a stepped-up commitment to protect electrical equipment from Mother Nature and reduce outages through the company's Reliability Roadmap. "Line clearing is some of the most visible work that Consumers Energy does every day, but it's sometimes underappreciated as a cornerstone of our commitment to keeping the lights on for customers," said Chris Laird, Consumers Energy's vice president of electric operations. "We're doing more work t
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
ANN ARBOR, Mich., July 15, 2024 /PRNewswire/ -- NorthStar Clean Energy, a leading innovator in the renewable energy and decarbonization sector, is thrilled to announce the relocation of its corporate headquarters to Ann Arbor, Michigan. This strategic move underscores NorthStar's commitment to fostering sustainable energy solutions, which will now be further bolstered by proximity to the Ann Arbor area, filled with an innovative sustainability community, and the ability to further attract top tier business partners and talent. The new headquarters, located in the burgeoning te
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., Feb. 9, 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 April 1, 2024, to shareholders of record at the close of business on March 4, 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 M
JACKSON, Mich., Feb. 5, 2024 /PRNewswire/ -- Consumers Energy, a subsidiary of CMS Energy (NYSE:CMS), today announced that it has executed a definitive agreement to sell its internal business unit, the Appliance Service Plan (ASP) to Oncourse Home Solutions. The transaction is expected to close in the first half of 2024, subject to customary closing conditions. "This announcement to sell our Appliance Service Plan business will allow that team to grow their business in a meaningful way at Oncourse," said Brian Rich, senior vice president of customer experience and technology.
JACKSON, Mich., Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 51.50 cents per share, up from 48.75 cents per share. Based on Tuesday's closing price for CMS Energy common stock, $57.28, the dividend represents an annualized yield of 3.6 percent. The first quarter dividend for the common stock (CUSIP: 125896100) is payable Feb. 29, 2024, to shareholders of record Feb. 12, 2024. Garrick Rochow, CMS Energy's president and chief executive officer, said the board's decision to increase the
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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
Credit Suisse upgraded CMS Energy from Neutral to Outperform and set a new price target of $64.00 from $61.00 previously
Seaport Research Partners upgraded CMS Energy from Neutral to Buy and set a new price target of $63.00
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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
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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.