CMS Energy: A Midwest Utility Worth Buying

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 ...