The new headquarters, located in the burgeoning technology and innovation area of Ann Arbor, will serve as the central hub for NorthStar's operations, research, and development. This relocation reflects the company's dedication to expanding its impact on both local and national scales. NorthStar Clean Energy's relocation will kick off with a ribbon cutting ceremony alongside the Ann Arbor / Ypsilanti Regional Chamber on Tuesday, July 16th. The company will host an open house event to welcome the community a ...

What is Implied Volatility? What do the Analysts Think? Given the way analysts feel about CMS Energy right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered appr ...

CMS Energy Corp.'s (CMS) subsidiary, Consumers Energy, has signed a deal to collaborate with Jupiter Power to build 100 Megawatts (MW) of battery energy storage projects in Michigan. This partnership agreement should put CMS a step toward duly achieving its net-zero carbon emission goal by 2040. Growth Prospects DUK's long-term earnings growth rate is 6.1%. The Zacks Consensus Estimate for 2024 sales implies a rise of 3.2% over the 2023 reported figure. Price Movement In response to the United States' growi ...

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. What are the Zacks Style Scores? Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better ch ...

The company's improved profitability was only partially offset by a 2.1% uptick in the diluted share count in the first quarter. That is how CMS' adjusted EPS roared higher as operating revenue fell during the quarter. CMS Q1 2024 Earnings Presentation CMS' first-quarter results prompted management to reiterate its previous midpoint adjusted EPS guidance of $3.32 ($3.29 to $3.35) for 2024. That would represent a 6.8% growth rate over the 2023 base of $3.11. Management also noted that it anticipates adjusted ...

About CMS Energy A substantial insider sell was reported on June 10, by JON BARFIELD, Director at CMS Energy CMS, based on the recent SEC filing. CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 202 ...

ATRs are capable of isolating outages by detecting power loss and immediately rerouting power in the opposite direction. Meanwhile, line sensors can detect grid faults and provide their locations, thereby preventing outages before they occur. Deploying these state-of-the-art technologies in its transmission and distribution systems will reduce outage events for CMS customers and strengthen its grid reliability, which should boost its customer base and revenue growth. In 2023, ATRs successfully avoided outag ...

Financial Data and Key Metrics Changes - In Q1 2024, the company reported adjusted earnings per share of $0.97, benefiting from higher weather-normalized sales and lower service restoration costs, despite experiencing a warmer-than-normal winter [24][67][68] - Rate relief net of investment-related expenses contributed $0.05 per share of positive variance due to favorable outcomes from recent electric and gas rate cases [26][69] - Weather-normalized sales for residential customers increased by approximately 0.5%, while commercial customer sales rose nearly 2.5% compared to the previous year [27][68] Business Line Data and Key Metrics Changes - The electric distribution system is undergoing modernization to enhance reliability and resilience, with a focus on addressing aging infrastructure [17][18] - The company is leading the transition to clean energy, with plans to eliminate coal by 2025 and achieve net-zero carbon emissions by 2040 [19][20] - A significant contract with a large data center is expected to add 230 megawatts of load by 2026, contributing to load growth in the service territory [22][24] Market Data and Key Metrics Changes - The company anticipates a supportive regulatory environment with the new clean energy law in Michigan, which includes a financial compensation mechanism providing a roughly 9% return on clean purchase power agreements [20][39] - The company is experiencing growth in manufacturing loads, which is expected to positively impact its financial outlook [41][42] Company Strategy and Development Direction - The company is focused on improving the reliability and resiliency of its electric and gas systems through a five-year $7 billion electric reliability roadmap [37][38] - The strategy includes balancing customer affordability with necessary capital investments to strengthen the system and prepare for a clean energy future [35][36] - The company is committed to economic development in Michigan, which is seen as beneficial for both the company and its customers [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook, reaffirming financial objectives despite challenges posed by weather conditions [24][44][69] - The company is optimistic about the impact of the new clean energy law and its potential to enhance financial performance while supporting environmental goals [29][39] - Management highlighted the importance of maintaining affordability for customers while making necessary investments [35][36] Other Important Information - The company plans to file a Renewable Energy Plan (REP) by mid-November, which will outline strategies for meeting renewable energy targets [49] - Moody's and Fitch reaffirmed the company's credit ratings in March and April, indicating strong financial health [30] Q&A Session Summary Question: How does the lack of ALJ affect the gas case timeline? - Management indicated confidence in the merits of the case and readiness to proceed to full litigation if necessary, ensuring a good outcome for customers and stakeholders [9][63] Question: What are the drivers behind the sales outlook? - Management noted a nearly 3.5% increase in commercial sales, with specific subsectors like agriculture and entertainment performing well, contributing to the positive outlook [65][66] Question: What is the company's strategy regarding the new energy law? - Management stated that the REP will incorporate enhanced economic incentives for energy efficiency and will be filed in November, with a focus on balancing customer needs and financial performance [57][82] Question: What is the outlook for data center demand? - Management acknowledged ongoing interest from large data center providers in Michigan, emphasizing the state's favorable conditions for such developments [94][95] Question: What are the expectations for the performance-based rates process? - Management described the process as constructive, with a focus on narrowing down metrics to ensure effective benchmarking [100]

BBB Baa3 Stable Mar. 2024 | --- | --- | --- | --- | |------------------|--------|--------|--------| | | | | | | Senior Secured | A | A1 | A+ | | Commercial Paper | A-2 | P-2 | F-2 | | Outlook | Stable | Stable | Stable | Industry-Leading Financial Performance . . . Dave Joos John Russell Patti Poppe K. Whipple Presentation endnotes are included after the appendix. CMS ENERGY 11 11 12 Sensitivity Adj. EPS OCF ($M) 1% + + 4 Utility Earned ROE 10 bps 8 10 6 Effective Tax Rate (18%) + 100 bps 3 0 2024 Adj. EPS ...

CMS Energy Corporation (CMS) reported first-quarter 2024 adjusted earnings per share (EPS) of 97 cents, which beat the Zacks Consensus Estimate of 92 cents by 5.4%. The bottom line, however, increased 38.6% from 70 cents reported in the prior-year quarter. The year-over-year improvement can be attributed to higher weather-normalized sales and lower storm restoration costs.The company’s GAAP earnings came in at 96 cents per share compared with 69 cents in the first quarter of 2023.RevenuesOperating revenues ...