-0.30%
-0.80%
-3.37%
-0.18%
14.25%
3.17%
-3.62%
AI Spotlight on CMS
Company Description
CMS Energy Corporation operates as an energy company primarily in Michigan.The company operates through three segments: Electric Utility; Gas Utility; and Enterprises.The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity.
This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities.The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations.
The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation.It 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.
Market Data
| Last Price | 66 |
| Change Percentage | -0.30% |
| Open | 66.21 |
| Previous Close | 66.2 |
| Market Cap ( Millions) | 19720 |
| Volume | 1812426 |
| Year High | 72.4 |
| Year Low | 55.1 |
| M A 50 | 67.18 |
| M A 200 | 65.48 |
Financial Ratios
| FCF Yield | 5.04% |
| Dividend Yield | 3.12% |
| ROE | 13.25% |
| Debt / Equity | 199.32% |
| Net Debt / EBIDTA | 520.48% |
| Price To Book | 2.45 |
| Price Earnings Ratio | 18.99 |
| Price To FCF | 19.84 |
| Price To sales | 2.64 |
| EV / EBITDA | 11.72 |
News
- Jan -27 - I'm Loading Up On Utilities Like CMS Energy
- Jan -24 - Laser Photonics Subsidiary Control Micro Systems (CMS) Announces Orders from Pharmaceutical and Electronics Manufacturing Clients
- Jan -16 - CMS Energy to Announce Year-End Results on February 6
- Jan -16 - CMS Energy Rides on Investments & Expansion of Renewable Portfolio
- Jan -08 - Medicare can now cover Eli Lilly's Zepbound for sleep apnea, CMS says
- Dec -19 - CMS Energy's Arm Announces Plans to Upgrade Natural Gas System
- Dec -17 - New CMS Decision Provides Medicare Coverage for the Clinical Use of the Tempus ECG-AF Device
- Dec -16 - Cardio Diagnostics Holdings, Inc. Receives Final Medicare Pricing Determination from Centers for Medicare and Medicaid Services (CMS) for AI-Powered Cardiovascular Tests
- Dec -13 - CMS Energy: Continuing On A Steady Path
- Dec -11 - Dividend Stock CMS Energy Powers Blend Of Growth, Yield, Stability
- Dec -03 - CMS Energy Eliminates More Than 72K Outages With Smart Technology
- Dec -03 - Wix Recognized as the Most Accessible Website Platform CMS and Best SEO Performer
- Nov -21 - Creative Realities' Clarity™: Purpose-built CMS Tech Stack Powers Digital Menu Boards Transformation for Fast Growing QSR Brands like 7 Brew and Steele Brands
- Nov -18 - ECS-CMS Team Receives Agency Honor Award
- Nov -13 - HeartSciences' AI-ECG Algorithms Assigned CMS Medicare and Medicaid Reimbursement
- Nov -08 - CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
- Nov -08 - Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
- Nov -07 - Limaca's Precision-GI™ Granted CMS Transitional Pass-Through (TPT) Payment
- Nov -05 - CMS Decision And O&P Network Build Out Make Myomo A Buy
- Nov -04 - Profound Medical Announces TULSA Reimbursement Raised to Urology APC Level 7 Under CMS Outpatient Prospective Payment System (OPPS) Final Rule for CY2025
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Electric Utility
Expected Growth : 3.5 %
What the company do ?
CMS Energy Corporation's Electric Utility segment provides electricity and natural gas to customers in Michigan, focusing on safety, reliability, and customer satisfaction.
Why we expect these perspectives ?
CMS Energy Corporation's Electric Utility segment growth is driven by increasing demand for electricity, investments in grid modernization and renewable energy, and rate base growth. Additionally, the company's focus on energy efficiency programs, infrastructure upgrades, and cost management initiatives contribute to its 3.5% growth rate.
Segment n°2 -> Gas Utility
Expected Growth : 3.8 %
What the company do ?
Gas Utility from CMS Energy Corporation provides natural gas services to residential, commercial, and industrial customers in Michigan, ensuring safe and reliable energy delivery.
Why we expect these perspectives ?
CMS Energy Corporation's Gas Utility segment growth of 3.8% is driven by increasing demand for natural gas, infrastructure investments, and rate base growth. Additionally, favorable weather conditions, customer additions, and energy efficiency programs contribute to the segment's growth.
Segment n°3 -> NorthStar Clean Energy
Expected Growth : 5.2 %
What the company do ?
NorthStar Clean Energy is a CMS Energy Corporation subsidiary focused on developing and operating renewable energy projects, including wind and solar farms.
Why we expect these perspectives ?
NorthStar Clean Energy's 5.2% growth is driven by increasing demand for renewable energy, CMS Energy Corporation's strategic investments in clean energy infrastructure, and favorable government policies supporting the transition to a low-carbon economy. Additionally, declining renewable energy costs and growing corporate renewable energy procurement are also contributing to this growth.
Cms Energy Corporation Products
| Product Range | What is it ? |
|---|---|
| Electricity | Generation, transmission, and distribution of electricity to residential, commercial, and industrial customers |
| Natural Gas | Transmission, storage, and distribution of natural gas to residential, commercial, and industrial customers |
| Renewable Energy | Generation of electricity from wind, solar, and other renewable sources |
| Energy Efficiency | Providing energy-saving solutions and services to reduce energy consumption |
| Energy Storage | Providing energy storage solutions for residential, commercial, and industrial customers |
CMS Energy Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for CMS Energy Corporation is medium due to the availability of alternative energy sources such as solar and wind power. However, the high cost of switching to these alternatives and the lack of infrastructure in some areas mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers for CMS Energy Corporation is low due to the lack of alternative energy providers in the region and the high cost of switching to alternative energy sources.
Bargaining Power Of Suppliers
The bargaining power of suppliers for CMS Energy Corporation is medium due to the availability of multiple suppliers of fuel and equipment. However, the high cost of switching to alternative suppliers and the lack of substitutes for certain equipment mitigate this power.
Threat Of New Entrants
The threat of new entrants for CMS Energy Corporation is low due to the high barriers to entry in the energy industry, including the need for significant capital investment and regulatory approvals.
Intensity Of Rivalry
The intensity of rivalry for CMS Energy Corporation is high due to the presence of multiple competitors in the energy industry, including other electric and gas utilities. The company must compete on price, service, and innovation to maintain its market share.
Strength
Weaknesses
Opportunities
Threats
Capital Structure
| Value | |
|---|---|
| Debt Weight | 67.46% |
| Debt Cost | 4.86% |
| Equity Weight | 32.54% |
| Equity Cost | 5.81% |
| WACC | 5.17% |
| Leverage | 207.36% |
CMS Energy Corporation : Quality Control
CMS Energy Corporation passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| AEE | Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois … |
| LNT | Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility … |
| CNP | CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and … |
| PNW | Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, … |
| PPL | PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Pinnacle West Capital
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Ameren
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CMS Energy
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4
CenterPoint Energy
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5
Alliant Energy
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1-Year Total Return ->
6
