CMS Energy(CMS)
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Are Utilities Stocks Lagging CMS Energy (CMS) This Year?
ZACKS· 2025-03-17 14:45
Group 1 - CMS Energy is currently ranked 4 in the Zacks Sector Rank among 104 companies in the Utilities group [2] - The Zacks Rank for CMS Energy is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - CMS Energy has returned 9.2% year-to-date, outperforming the Utilities sector average return of 4.1% [4] Group 2 - Iberdrola S.A. has also outperformed the Utilities sector with a year-to-date return of 10.4% and holds a Zacks Rank of 2 (Buy) [4][5] - CMS Energy belongs to the Utility - Electric Power industry, which has an average return of 5.2% this year, indicating CMS's strong performance within this specific industry [5] - Both CMS Energy and Iberdrola S.A. are expected to continue their solid performance, making them noteworthy for investors in Utilities stocks [6]
$334 Million in Construction Financing Secured for Two Major Michigan Solar Projects
Prnewswire· 2025-03-17 13:05
ANN ARBOR, Mich., March 17, 2025 /PRNewswire/ -- NorthStar Clean Energy recently secured up to $334 million in construction-to-term financing for two transformative solar projects in Michigan. The Branch Solar project, a 200 MW facility in Branch County, will be NorthStar's largest solar asset in Michigan. The Genesee Solar project will be a 50 MW clean energy facility located in a historically disenfranchised community in Genesee County. "Our Michigan roots run deep," said Brian Hartmann, President of Nort ...
Here's Why CMS Energy (CMS) is a Great Momentum Stock to Buy
ZACKS· 2025-03-04 18:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: CMS Energy - CMS Energy has a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company currently holds a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance [3] Performance Metrics - Over the past week, CMS shares increased by 2.18%, outperforming the Zacks Utility - Electric Power industry, which rose by 1.06% [5] - In the last month, CMS shares rose by 11.4%, compared to the industry's 4.5% [5] - Over the past quarter, CMS shares have risen by 9.48%, and over the last year, they are up 25.59%, while the S&P 500 has moved -2.97% and 15.34% respectively [6] Trading Volume - CMS's average 20-day trading volume is 2,276,481 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 3 earnings estimates for CMS have increased, while only 1 has decreased, raising the consensus estimate from $3.59 to $3.60 [9] - For the next fiscal year, 4 estimates have moved upwards with no downward revisions [9] Conclusion - Given the positive performance metrics and earnings outlook, CMS Energy is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]
Is CMS Energy (CMS) Stock Outpacing Its Utilities Peers This Year?
ZACKS· 2025-02-28 15:46
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. CMS Energy (CMS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.CMS Energy is one of 104 individual stocks in the Utilities sector. Collectively, t ...
Is CMS Energy (CMS) Outperforming Other Utilities Stocks This Year?
ZACKS· 2025-02-12 15:46
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CMS Energy (CMS) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.CMS Energy is a member of the Utilities sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different ...
CMS Energy(CMS) - 2024 Q4 - Annual Report
2025-02-11 14:10
Financial Performance - CMS Energy reported a total revenue of $6.5 billion for the year ended December 31, 2023, representing a 5% increase compared to the previous year[36]. - CMS Energy's net income for 2023 was $800 million, a 10% increase from $727 million in 2022[36]. - CMS Energy's earnings per share (EPS) for 2023 was $3.20, up from $2.90 in 2022, reflecting a 10% growth[36]. - CMS Energy's consolidated operating revenue was $7.5 billion in 2024 and 2023, and $8.6 billion in 2022[46]. - Consumers' consolidated operating revenue was $7.2 billion in 2024 and 2023, and $8.2 billion in 2022[49]. - Consumers' electric utility operations generated operating revenue of $5.1 billion in 2024, up from $4.7 billion in 2023[54]. - Consumers' gas utility operations generated $2.1 billion in revenue in 2024, down from $2.4 billion in 2023 and $2.7 billion in 2022[80]. Customer Growth and Service - Consumers Energy's customer base grew by 2.5% year-over-year, reaching approximately 3.7 million customers[36]. - In 2024, Consumers served 1.9 million electric customers and 1.8 million gas customers in Michigan's Lower Peninsula[51]. - Consumers' electric deliveries were 37 billion kWh in 2024, including ROA deliveries of 4 billion kWh, compared to 36 billion kWh in 2023[56]. - Consumers' 2024 summer peak demand was 8,030 MW, including ROA demand of 603 MW[58]. Renewable Energy Initiatives - The company plans to invest $1.2 billion in renewable energy projects over the next five years, aiming for a 30% reduction in carbon emissions by 2030[36]. - The company has set a target of achieving a 50% renewable energy generation mix by 2035[36]. - Consumers aims to achieve 60% renewable energy by 2035 and 100% clean energy by 2040, proposing an addition of up to 9,000 MW of solar and 2,800 MW of wind capacity[63]. - Consumers plans to eliminate coal use in owned generation by 2025, having retired the D.E. Karn units in June 2023 and planning to retire the J.H. Campbell units in 2025[62]. - Consumers plans to retire its last coal generating unit by 2025[23]. Operational Improvements - The company is focusing on enhancing its electric distribution system reliability through its Reliability Roadmap, which includes a $500 million investment over the next five years[36]. - The Reliability Roadmap is a five-year strategy aimed at improving the electric distribution system and grid reliability, filed with the MPSC in 2023[29]. - CMS Energy has initiated a new technology development program aimed at improving energy efficiency and reducing operational costs by 15% over the next three years[36]. Regulatory and Market Environment - CMS Energy and Consumers are subject to regulatory oversight by MPSC and FERC, impacting their rates and operations[48]. - The company faces various risks including regulatory changes, economic disruptions, and supply chain issues that could affect financial performance[38]. - Regulatory changes by the MPSC and FERC could impact electric and gas rates, affecting overall financial performance[38]. - The company is monitoring energy market changes, including commodity prices and availability of resources like coal and natural gas[39]. Environmental Compliance and Goals - Consumers plans to reduce methane emissions from its natural gas delivery system by about 80% from 2012 levels by 2030[83]. - The 2023 Energy Law in Michigan mandates a renewable energy standard of 50% by 2030 and 60% by 2035, with a clean energy standard of 80% by 2035 and 100% by 2040[102]. - CMS Energy's commitment to environmental compliance includes managing coal ash and adhering to regulations from agencies like the EPA[39]. Workforce and Employee Engagement - The number of employees at CMS Energy decreased to 8,324 in 2024 from 8,356 in 2023, while Consumers' employees decreased to 8,090 from 8,144[115]. - For the year ended December 31, 2024, CMS Energy and Consumers achieved a 72% positive sentiment for employee engagement, an increase of 11 percentage points from 2023[119]. - The companies reported a 65% positive sentiment for empowerment, up 17 percentage points from 2023[119]. - The diversity, equity, and inclusion index score for the year ended December 31, 2024, was 73%[120]. - The workforce composition includes 26% female employees, 14% racially or ethnically diverse employees, 5% employees with disabilities, and 10% veteran employees[121]. - CMS Energy and Consumers have developed a comprehensive talent strategy, the People Strategy, focusing on building skill sets, cultivating a purpose-driven culture, and creating a breakthrough employee experience[118]. - The companies utilize union apprenticeship programs and yearly trainings to develop skill sets in co-workers[118]. - The companies have established seven business employee resource groups to promote diversity and inclusion[122].
4 Solid Stocks to Buy That Recently Declared Dividend Hikes
ZACKS· 2025-02-07 15:01
Volatility has returned to Wall Street this year, with investors’ confidence getting dented by concerns over the economy’s future. President Donald Trump’s return to the White House lifted investors’ sentiment for a while, but the euphoria has faded as fears of a trade war have escalated over the past week.Given this situation, cautious investors looking for a steady income and ways to protect their capital may want to hold or buy dividend-paying stocks. Four such stocks are Hanmi Financial Corporation (HAF ...
CMS Energy(CMS) - 2024 Q4 - Earnings Call Transcript
2025-02-06 19:01
CMS Energy Corporation (NYSE:CMS) Q4 2024 Earnings Conference Call February 6, 2025 9:30 AM ET Company Participants Jason Shore – Treasurer and Vice President-Investor Relations Garrick Rochow – President and Chief Executive Officer Rejji Hayes – Executive Vice President and Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith – Jefferies Jeremy Tonet – JPMorgan Michael Sullivan – Wolfe Research Andrew Weisel – Scotiabank Nicholas Campanella – Barclays Durgesh Chopra – Evercore David A ...
CMS Energy(CMS) - 2024 Q4 - Earnings Call Presentation
2025-02-06 18:51
2024 Year-End Results & Outlook February 6, 2025 This presentation is made as of the date hereof and contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Secur ...
CMS Energy Surpasses Q4 Earnings Estimates, Hikes '25 EPS View
ZACKS· 2025-02-06 17:01
CMS Energy Corporation (CMS) reported fourth-quarter 2024 earnings per share (EPS) of 87 cents, which beat the Zacks Consensus Estimate of 86 cents by 1.2%. However, the bottom line decreased 17.1% from $1.05 per share in the prior-year quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The year-over-year decline can be attributed to higher operating expenses and interest charges.CMS reported 2024 adjusted earnings of $3.34 per share, which were higher than the year-ago figure of ...