CMS Energy(CMS)

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Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
Prnewswire· 2024-02-09 15:00
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_pb). Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Ta ...
CMS Energy(CMS) - 2023 Q4 - Annual Report
2024-02-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File Number Registrant; State of Incorporation; Address; and Telephone Number IRS Employer Identification No. 1-9513 CMS ENERGY CORP ...
ONCOURSE HOME SOLUTIONS ANNOUNCES ACQUISITION OF CONSUMERS ENERGY APPLIANCE SERVICE PLAN BUSINESS
Prnewswire· 2024-02-05 19:15
NAPERVILLE, Ill. , Feb. 5, 2024 /PRNewswire/ -- Oncourse Home Solutions (OHS), a leader in providing trusted and affordable home warranty solutions, announced today that its affiliate American Water Resources, LLC has entered into a definitive agreement with Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS), whereby OHS will acquire the Consumers Energy Appliance Service Plan (ASP) business. The transaction is expected to close in the first half of 2024, subject to customary closing conditions. "We' ...
CONSUMERS ENERGY ANNOUNCES THE SALE OF ITS APPLIANCE SERVICE PLAN BUSINESS TO ONCOURSE HOME SOLUTIONS
Prnewswire· 2024-02-05 19:00
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 B ...
CMS Energy (CMS) Rewards Shareholders With 5.6% Dividend Hike
Zacks Investment Research· 2024-02-02 14:46
CMS Energy Corp. (CMS) recently announced that its board of directors has approved a 5.6% increase in its quarterly dividend rate. The revised quarterly dividend will be 51.50 cents, payable on Feb 29, 2024, to shareholders of record at the close of business on Feb 12, 2024.The company’s new annualized dividend rate is $2.06 per share, resulting in an annualized dividend yield of 3.5%, based on its share price of $58.84 as of Feb 1, 2024. The company’s current dividend yield is better than the Zacks S&P 500 ...
CMS Energy Announces Finance and Electric Supply Leadership Changes
Prnewswire· 2024-02-01 19:00
Tim Sparks Retires after More Than 30 Years with the Company JACKSON, Mich., Feb. 1, 2024 /PRNewswire/ -- CMS Energy and its principal subsidiary, Consumers Energy, announced today that Tim Sparks, vice president of electric supply, has retired after more than 30 years with the company. "Tim's knowledge and counsel will be missed in our electric supply organization, and he has consistently been an example of a co-worker who is 'Proud to Wear the Colors,'" said Tonya Berry, senior vice president of transform ...
CMS Energy(CMS) - 2023 Q4 - Earnings Call Transcript
2024-02-01 18:40
CMS Energy Corporation (NYSE:CMS) Q4 2023 Results Earnings Conference Call February 1, 2024 9:30 AM ET Company Participants Srikanth Maddipati - Treasurer, Vice President, Finance and Investor Relations Garrick Rochow - President and Chief Executive Officer Rejji Hayes - Executive Vice President and Chief Financial Officer Conference Call Participants Nicholas Campanella - Barclays Capital Jeremy Tonet - J.P. Morgan Securities LLC Shahriar Pourreza - Guggenheim Partners David Arcaro - Morgan Stanley Michae ...
CMS Energy's (CMS) Q4 Earnings Beat, Revenues Fall Y/Y
Zacks Investment Research· 2024-02-01 15:56
CMS Energy Corporation (CMS) reported fourth-quarter 2023 adjusted earnings per share of $1.05, which surpassed the Zacks Consensus Estimate of $1.04 by 1%. The bottom line also increased 75% from 60 cents reported in the previous year.The company’s GAAP earnings came in at $1.05 per share compared with 58 cents in the fourth quarter of 2022.For 2023, the company reported adjusted earnings of $3.11 per share, which surpassed the Zacks Consensus Estimate of $3.10 by 0.3%. The bottom line also increased 7.6% ...
CMS Energy (CMS) Beats Q4 Earnings Estimates
Zacks Investment Research· 2024-02-01 13:41
CMS Energy (CMS) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.96%. A quarter ago, it was expected that this energy company would post earnings of $0.63 per share when it actually produced earnings of $0.61, delivering a surprise of -3.17%.Over the last four quarters, the company ...
CMS Energy(CMS) - 2023 Q4 - Earnings Call Presentation
2024-02-01 13:39
2023 Year-End Earnings Call February 1, 2024 Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investorrelations, a channel of distribution. 3 2023 Successes . . . • Filed $7B Electric Reliability Roadmap highlighting 5-year pathway to improve reliability and resiliency • Grew Voluntary Green Pricing Program to ~365 MW (of 1 GW approved) • Met all requirements for inclusion in the MSCI ESG Lea ...