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CMS Energy Corporation

CMS Energy Corporation

CMS · NYSE · Utilities / Utilities - Regulated Electric

70.38USD+1.16 (+1.68%)

Price History

Full chart

Market Stats

Previous Close69.22
Open69.68
Day Range69.38 – 70.49
52-Week Range62.38 – 79.10
Volume3.19M
Market Cap19.68B
P/E (TTM)18.96
Forward P/E15.24
EPS3.31
Dividend Yield3.61%
Beta0.33
50-Day Avg69.67
200-Day Avg73.04

About

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Electric
  • CEOMr. Garrick J. Rochow
  • Employees8.35K
  • HeadquartersOne Energy Plaza, Jackson, MI, United States, 49201, USA
  • Websitehttps://www.cmsenergy.com

Leadership

  • Mr. Garrick J. RochowPresident, CEO & Director · b. 1975
  • Ms. Tonya L. BerryExecutive VP & COO · b. 1973
  • Mr. Shaun M. Johnson J.D.EVP of Business Transformation & Chief Legal & Administrative Officer · b. 1979
  • Mr. Brandon J. HofmeisterSenior Vice President of Strategy, Sustainability & External Affairs · b. 1977
  • Mr. LeeRoy Wells Jr.SVP and President of Gas Delivery of Consumers Energy Company · b. 1979
  • Mr. Srikanth MaddipatiCFO & Executive VP · b. 1983
  • Mr. Scott B. McIntoshChief Accounting Officer, Controller & VP · b. 1976
  • Mr. Aaron RajdaVP of Digital Products & Technology and Chief Digital Officer
  • Mr. Jim G. BeecheyVP of IT & Security and Chief Information Officer
  • Mr. Jason M. ShoreTreasurer & VP of Investor Relations · b. 1977

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue3.11B2.80B2.94B2.96B2.98B2.94B3.07B3.48B3.61B3.89B4.32B4.78B5.14B5.93B8.74B8.01B8.67B5.51B5.47B5.88B6.13B6.46B6.81B6.21B6.43B6.50B6.25B6.57B7.18B6.46B6.40B6.58B6.87B6.62B6.42B7.33B8.60B7.46B7.51B8.54B
Growth (%)--9.91%+5.08%+0.63%+0.54%-1.21%+4.49%+13.31%+3.79%+7.64%+11.16%+10.57%+7.53%+15.27%+47.47%-8.39%+8.33%-36.43%-0.74%+7.44%+4.20%+5.52%+5.31%-8.84%+3.66%+1.10%-3.84%+5.01%+9.34%-10.07%-0.88%+2.88%+4.41%-3.62%-3.11%+14.19%+17.29%-13.19%+0.71%+13.63%
Cost of Revenue--------2.36B2.47B2.84B3.21B1.52B1.39B2.85B2.69B3.58B1.40B1.14B3.18B3.75B4.10B4.21B3.57B4.72B4.75B4.42B4.56B5.09B4.27B4.05B4.08B4.47B4.19B3.79B4.68B5.83B4.60B4.31B3.34B
Gross Profit3.11B2.80B2.94B2.96B2.98B2.94B3.07B3.48B1.26B1.42B1.48B1.57B3.63B4.53B5.89B5.32B5.09B4.11B4.33B2.70B2.37B2.36B2.60B2.63B1.71B1.75B1.83B2.00B2.09B2.19B2.35B2.50B2.40B2.44B2.63B2.65B2.76B2.86B3.21B5.20B
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%34.81%36.43%34.27%32.80%70.51%76.49%67.41%66.45%58.70%74.61%79.22%45.89%38.70%36.54%38.12%42.47%26.55%26.97%29.27%30.52%29.10%33.92%36.69%38.02%34.89%36.76%40.98%36.14%32.13%38.35%42.70%60.91%
Operating Expense00000000755.00M798.00M806.00M852.00M2.90B3.64B5.19B5.34B5.11B3.68B3.74B3.20B2.59B2.45B1.80B1.94B730.00M751.00M827.00M862.00M937.00M1.01B1.09B1.17B1.24B1.32B1.40B1.50B1.54B1.63B1.72B3.47B
Operating Income3.11B2.80B2.94B2.96B2.98B2.94B3.07B3.48B503.00M619.00M676.00M716.00M724.00M891.00M703.00M-21.00M-17.00M431.00M591.00M-501.00M-222.00M-88.00M799.00M698.00M978.00M1.00B1.00B1.14B1.15B1.18B1.26B1.34B1.16B1.11B1.23B1.15B1.22B1.24B1.49B1.73B
Operating Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%13.92%15.91%15.63%14.98%14.08%15.04%8.04%-0.26%-0.20%7.82%10.80%-8.52%-3.62%-1.36%11.74%11.25%15.21%15.42%16.04%17.39%16.05%18.25%19.63%20.33%16.91%16.83%19.16%15.64%14.24%16.55%19.79%20.22%
EBITDA3.11B2.80B2.94B2.96B2.98B2.94B3.07B3.48B955.00M1.10B1.14B1.23B1.26B1.49B1.34B503.00M468.00M743.00M1.02B24.00M354.00M457.00M1.43B1.34B1.60B1.57B1.61B1.78B1.82B1.94B2.07B2.21B2.17B2.21B2.36B2.44B2.55B2.78B3.07B3.19B
EBITDA Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%26.43%28.17%26.46%25.66%24.49%25.08%15.33%6.28%5.40%13.48%18.68%0.41%5.78%7.07%20.99%21.60%24.83%24.10%25.73%27.14%25.37%30.08%32.38%33.50%31.50%33.41%36.72%33.25%29.63%37.22%40.86%37.32%
Net Income177.80M186.90M271.60M312.10M-494.00M-262.00M-297.00M155.00M179.00M204.00M224.00M244.00M285.00M277.00M36.00M-459.00M-650.00M-44.00M121.00M-84.00M-79.00M-215.00M295.00M229.00M340.00M415.00M382.00M452.00M477.00M523.00M551.00M460.00M657.00M680.00M755.00M1.35B837.00M887.00M1.00B1.07B
Net Income Margin5.72%6.67%9.23%10.54%-16.59%-8.91%-9.66%4.45%4.95%5.24%5.18%5.10%5.54%4.67%0.41%-5.73%-7.49%-0.80%2.21%-1.43%-1.29%-3.33%4.33%3.69%5.29%6.38%6.11%6.88%6.64%8.10%8.61%6.99%9.56%10.27%11.76%18.46%9.74%11.89%13.35%12.54%
R&D------------------------000000000-------
R&D as % of Total Revenue------------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense0000000000000000000000400.00M435.00M431.00M415.00M389.00M398.00M407.00M396.00M435.00M438.00M458.00M460.00M505.00M500.00M519.00M643.00M708.00M789.00M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%5.88%7.01%6.70%6.38%6.22%6.06%5.67%6.13%6.80%6.65%6.66%6.94%7.87%6.82%6.04%8.62%9.42%9.24%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--------7.38B8.14B8.62B9.79B11.31B15.46B15.85B17.10B13.91B13.84B15.87B16.02B15.37B14.20B14.90B15.26B15.62B16.45B17.13B17.42B19.18B20.34B21.62B23.05B24.53B26.84B29.67B28.75B31.35B33.52B35.92B40.39B
Total Liabilities--------6.28B6.67B6.91B7.82B9.09B13.01B13.40B15.13B12.76B12.18B12.81B13.10B12.79B11.76B12.14B12.32B12.78B13.38B13.89B13.93B15.48B16.36B17.33B18.57B19.74B21.78B23.59B21.57B23.76B25.39B27.17B30.68B
Total Equity--------1.11B1.47B1.70B1.98B2.22B2.46B2.36B1.89B1.13B1.66B2.33B2.58B2.50B2.38B2.71B2.84B2.79B3.03B3.19B3.45B3.67B3.94B4.25B4.44B4.75B5.02B6.08B6.63B7.01B7.54B8.23B9.14B
Cash--------79.00M56.00M56.00M67.00M101.00M132.00M182.00M189.00M377.00M532.00M669.00M847.00M351.00M382.00M213.00M90.00M247.00M161.00M93.00M172.00M207.00M266.00M235.00M182.00M153.00M140.00M168.00M452.00M164.00M227.00M103.00M615.00M
Total Debt--------3.22B3.56B3.79B4.37B5.45B7.86B7.93B8.38B6.57B7.28B7.74B7.73B6.99B6.51B6.76B6.83B7.39B7.26B7.51B7.97B8.74B9.47B10.03B10.49B11.78B13.29B16.70B12.50B14.34B15.67B16.59B18.94B
Net Debt--------3.14B3.50B3.73B4.30B5.35B7.72B7.75B8.19B6.19B6.75B7.07B6.88B6.64B6.13B6.54B6.74B7.14B7.10B7.42B7.80B8.53B9.21B9.80B10.30B11.62B13.15B15.03B12.05B14.18B15.44B16.49B18.32B

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow612.00M682.00M661.00M624.00M516.00M917.00M453.00M417.00M614.00M-251.00M398.00M599.00M688.00M27.00M559.00M848.00M959.00M1.17B1.24B1.42B1.45B1.64B1.63B1.71B1.70B1.79B1.28B1.82B855.00M2.31B2.37B2.23B
Investing Cash Flow-709.00M-1.02B-841.00M-1.55B-1.63B-3.56B-867.00M-1.13B829.00M203.00M-392.00M-494.00M-751.00M658.00M-839.00M-935.00M-1.00B-1.06B-1.35B-1.53B-1.91B-2.06B-1.92B-1.87B-2.61B-2.82B-2.87B-1.23B-2.48B-3.38B-3.05B-4.03B
Financing Cash Flow148.00M311.00M180.00M938.00M1.15B2.68B464.00M716.00M-1.22B230.00M-43.00M74.00M-434.00M-690.00M145.00M-35.00M202.00M-199.00M41.00M190.00M498.00M463.00M255.00M110.00M874.00M1.01B1.62B-295.00M1.33B1.14B609.00M2.24B
Capital Expenditure575.00M535.00M659.00M678.00M1.29B1.12B1.03B1.26B747.00M535.00M525.00M593.00M670.00M1.38B792.00M818.00M821.00M882.00M1.23B1.32B1.58B1.56B1.67B1.67B2.07B2.24B2.45B2.21B2.48B3.22B3.02B3.82B
Free Cash Flow37.00M147.00M2.00M-54.00M-779.00M-207.00M-579.00M-845.00M-133.00M-786.00M-127.00M6.00M18.00M-1.35B-233.00M30.00M138.00M287.00M14.00M96.00M-130.00M76.00M-43.00M40.00M-371.00M-446.00M-1.17B-390.00M-1.63B-910.00M-648.00M-1.59B
Dividends Paid67.00M84.00M103.00M119.00M140.00M163.00M167.00M189.00M149.00M-11.00M11.00M11.00M56.00M95.00M125.00M162.00M211.00M252.00M273.00M295.00M322.00M347.00M377.00M407.00M436.00M467.00M509.00M546.00M579.00M626.00M663.00M
FCF to OCF6.05%21.55%0.30%-8.65%-150.97%-22.57%-127.81%-202.64%-21.66%313.15%-31.91%1.00%2.62%-4996.30%-41.68%3.54%14.39%24.55%1.13%6.76%-8.98%4.63%-2.64%2.35%-21.79%-24.92%-91.85%-21.44%-190.18%-39.41%-27.34%-71.10%
Dividend Paid to FCF181.08%57.14%5150.00%-220.37%-17.97%-78.74%-28.84%-22.37%-112.03%--8.66%183.33%61.11%-4.15%-40.77%416.67%117.39%73.52%1800.00%284.38%-226.92%423.68%-806.98%942.50%-109.70%-97.76%-39.85%-130.51%-33.58%-63.63%-96.60%-41.72%

Earnings

Report DateApr 24, 1996Jul 24, 1996Oct 23, 1996Jan 22, 1997Apr 23, 1997Jul 23, 1997Oct 23, 1997Jan 22, 1998Apr 21, 1998Jul 23, 1998Oct 22, 1998Jan 20, 1999Apr 21, 1999Jul 21, 1999Oct 22, 1999Jan 31, 2000May 1, 2000Aug 4, 2000Oct 26, 2000Jan 24, 2001Apr 30, 2001Aug 1, 2001Oct 26, 2001Feb 4, 2002May 1, 2002Aug 7, 2002Nov 14, 2002Mar 31, 2003May 8, 2003Aug 12, 2003Nov 11, 2003Mar 10, 2004May 6, 2004Aug 5, 2004Nov 3, 2004Mar 8, 2005May 4, 2005Aug 4, 2005Nov 1, 2005Feb 23, 2006May 3, 2006Aug 3, 2006Nov 2, 2006Feb 22, 2007May 3, 2007Aug 1, 2007Nov 1, 2007Feb 21, 2008May 5, 2008Aug 5, 2008Nov 5, 2008Feb 25, 2009Apr 30, 2009Jul 30, 2009Oct 30, 2009Mar 1, 2010Apr 23, 2010Jul 28, 2010Oct 28, 2010Feb 24, 2011Apr 28, 2011Jul 28, 2011Oct 27, 2011Feb 23, 2012Apr 26, 2012Jul 26, 2012Oct 25, 2012Feb 21, 2013Apr 25, 2013Jul 25, 2013Oct 23, 2013Jan 30, 2014Apr 24, 2014Jul 24, 2014Oct 23, 2014Jan 29, 2015Apr 23, 2015Jul 23, 2015Oct 29, 2015Feb 4, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Feb 2, 2017May 1, 2017Jul 28, 2017Oct 26, 2017Feb 14, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 31, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Jan 30, 2020Apr 27, 2020Aug 3, 2020Oct 29, 2020Feb 4, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Feb 3, 2022May 3, 2022Jul 28, 2022Oct 27, 2022Feb 2, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Feb 1, 2024Apr 25, 2024Jul 25, 2024Oct 31, 2024Feb 6, 2025Apr 24, 2025Jul 31, 2025Oct 30, 2025Feb 5, 2026Apr 28, 2026Jul 28, 2026Oct 29, 2026
EPS Estimate0.960.450.600.420.860.540.690.580.780.610.800.540.780.690.730.650.650.540.810.600.770.440.15-0.180.640.270.300.110.270.050.110.240.410.050.090.180.500.090.150.160.380.140.270.150.350.090.140.190.460.140.260.240.300.280.330.360.360.270.440.210.460.270.520.150.400.360.540.240.500.310.470.370.690.270.380.360.660.290.490.380.590.360.620.290.650.390.560.510.810.410.580.410.780.370.680.690.800.430.710.551.140.450.540.461.120.450.530.570.700.690.591.040.950.620.780.871.010.680.860.941.100.371.16
EPS Actual0.830.540.650.430.790.550.700.590.720.630.800.440.800.670.780.630.700.590.510.780.850.400.35-0.130.570.440.420.110.500.010.010.220.440.100.110.200.730.020.200.190.220.230.310.270.430.080.130.260.440.190.330.300.300.260.320.380.380.260.520.210.510.260.530.160.370.400.540.250.530.290.460.370.750.300.370.350.730.250.530.380.590.450.700.290.710.330.620.510.860.480.590.400.750.330.730.680.870.490.770.561.210.550.540.471.200.530.560.600.700.750.611.050.970.660.840.871.020.710.930.951.130.37-
Surprise-13.54%20.00%8.33%2.38%-8.14%1.85%1.45%1.72%-7.69%3.28%0.00%-18.52%2.56%-2.90%6.85%-3.08%7.69%9.26%-37.04%30.00%10.39%-9.09%133.33%27.78%-10.94%62.96%40.00%0.00%85.19%-80.00%-90.91%-8.33%7.32%100.00%22.22%11.11%46.00%-77.78%33.33%18.75%-42.11%64.29%14.81%80.00%22.86%-11.11%-7.14%36.84%-4.35%35.71%26.92%25.00%0.00%-7.14%-3.03%5.56%5.56%-3.70%18.18%0.00%10.87%-3.70%1.92%6.67%-7.50%11.11%0.00%4.17%6.00%-6.45%-2.13%0.00%8.70%11.11%-2.63%-2.78%10.61%-13.79%8.16%0.00%0.00%25.00%12.90%0.00%9.23%-15.38%10.71%0.00%6.17%17.07%1.72%-2.44%-3.85%-10.81%7.35%-1.45%8.75%13.95%8.45%1.82%6.14%22.22%0.00%2.17%7.14%17.78%5.66%5.26%0.00%8.70%3.39%0.96%2.11%6.45%7.69%0.00%0.99%4.41%8.14%1.06%2.73%0.00%-
Timing-----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market-----------Pre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketAfter-hoursPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap19.68B
Enterprise Value39.09B
Trailing P/E18.96
Forward P/E15.24
PEG Ratio2.28
Price / Sales2.20
Price / Book2.07
EPS3.31
Book Value30.45
Revenue (TTM)8.81B
Gross Profit (TTM)3.55B
EBITDA3.02B
Profit Margin11.64%
Operating Margin17.17%
Return on Equity9.16%
Return on Assets2.97%
Shares Outstanding313.58M
Shares Float311.47M
Beta0.33
Dividend Yield3.61%
Dividend Rate2.28
Payout Ratio66.64%

Analyst Ratings

Buy
Based on 19 analystsTarget 78.67
  • Strong Buy
    6
  • Buy
    4
  • Hold
    8
  • Sell
    1

Ownership Breakdown

Institutions
103.68%
Insiders
0.55%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    33.56M10.70%
  • Vanguard Capital Management, LLC
    19.88M6.34%
  • Vanguard Portfolio Management, LLC
    18.79M5.99%
  • State Street Corp
    18.10M5.77%
  • JPMorgan Chase & Co
    15.84M5.05%
  • Wellington Management Company LLP
    12.16M3.88%
  • Geode Capital Management, LLC
    8.53M2.72%
  • DZ BANK AG Deutsche Zentral-Genossenschaftsbank Frankfurt am Main
    8.14M2.59%
  • Deutsche Bank AG
    7.75M2.47%
  • Amvescap Plc.
    7.65M2.44%
  • Massachusetts Financial Services Company
    7.63M2.43%
  • Victory Capital Management Inc.
    6.60M2.10%
  • Wells Fargo & Co
    5.42M1.73%
  • Capital Research & Mgmt Co - Division 3
    5.30M1.69%
  • Ameriprise Financial Inc
    4.93M1.57%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    9.79M3.12%
  • Vanguard 500 Index Investor
    8.21M2.62%
  • Vanguard MStar Mid Cap Index Instl
    6.68M2.13%
  • State Street®UtilSelSectSPDR®ETF
    5.12M1.63%
  • DWS Top Dividende LD
    5.09M1.62%

Dividends

20264×
0.57Nov 6, 20260.57Aug 7, 20260.57May 8, 20260.57Feb 17, 2026
20254×
0.54Nov 7, 20250.54Aug 8, 20250.54May 9, 20250.54Feb 14, 2025
20244×
0.52Nov 13, 20240.52Aug 2, 20240.52May 14, 20240.52Feb 9, 2024
20234×
0.49Nov 2, 20230.49Aug 3, 20230.49May 4, 20230.49Feb 10, 2023
20224×
0.46Nov 3, 20220.46Aug 4, 20220.46May 5, 20220.46Feb 10, 2022
20214×
0.43Nov 4, 20210.43Aug 5, 20210.43May 6, 20210.43Feb 4, 2021