Market Summary
USD60.43+2.47
Market Closed4.26%
CMS Stock Price
CMS RSI Chart
CMS Valuation
CMS Price/Sales (Trailing)
CMS Profitability
CMS Fundamentals
CMS Revenue
CMS Earnings
Price Action
52 Week Range
51.5771.61
(Low)(High)
Last 7 days
-2.4%
Last 30 days
-0.6%
Last 90 days
-5.0%
Trailing 12 Months
-9.3%
CMS Financial Health
CMS Investor Care
Peers (Alternatives to CMS Energy)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ED | 33.7B | 15.7B | 2.88% | 6.65% | 20.33 | 2.15 | 14.58% | 23.33% |
WEC | 29.4B | 9.6B | 2.28% | -0.57% | 20.86 | 3.06 | 15.41% | 8.56% |
PEG | 29.2B | 9.8B | -3.32% | -12.28% | 28.34 | 2.98 | 0.80% | 259.10% |
AEE | 22.0B | 8.0B | -1.71% | -5.55% | 20.41 | 2.77 | 24.44% | 8.44% |
CMS | 17.6B | 8.6B | -0.62% | -9.27% | 21.03 | 2.05 | 17.29% | -38.14% |
NI | 11.0B | 5.9B | -3.11% | -10.18% | 13.71 | 1.88 | 19.41% | 37.48% |
| MID-CAP | ||||||||
UGI | 7.0B | 10.2B | -12.71% | -5.51% | 32.24 | 0.68 | 24.47% | -79.76% |
BKH | 4.0B | 2.6B | -2.96% | -13.81% | 15.31 | 1.55 | 30.92% | 9.14% |
NWE | 3.3B | 1.5B | -4.57% | -3.15% | 18.01 | 2.23 | 7.69% | -2.05% |
AVA | 3.1B | 1.7B | -1.53% | -2.64% | 19.86 | 1.77 | 20.61% | 5.32% |
SJW | 2.3B | 620.7M | -1.71% | 13.78% | 31.21 | 3.71 | 8.19% | 22.07% |
| SMALL-CAP | ||||||||
MSEX | 1.4B | 162.4M | -8.93% | -23.52% | 32.22 | 8.42 | 13.48% | 16.11% |
UTL | 883.5M | 563.2M | -0.86% | 15.06% | 21.34 | 1.57 | 18.99% | 14.68% |
GNE | 278.1M | 315.5M | -1.85% | 76.98% | 2.8 | 0.76 | -13.25% | 200.56% |
Financials for CMS Energy
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.9% | 8,596 | 8,351 | 8,052 | 7,690 | 7,329 |
| Costs and Expenses | 2.5% | 7,372 | 7,194 | 6,893 | 6,518 | 6,183 |
| EBITDA | 3.7% | 2,547 | 2,455 | 2,454 | 2,474 | 2,437 |
| EBITDA Margin | 0.8% | 0.30* | 0.29* | 0.30* | 0.32* | 0.33* |
| Earnings Before Taxes | 7.8% | 902 | 837 | 834 | 853 | 823 |
| EBT Margin | 4.7% | 0.10* | 0.10* | 0.10* | 0.11* | 0.11* |
| Interest Expenses | 2.6% | 519 | 506 | 501 | 500 | 500 |
| Net Income | -35.9% | 837 | 1,305 | 1,329 | 1,357 | 1,353 |
| Net Income Margin | -37.7% | 0.10* | 0.16* | 0.17* | 0.18* | 0.18* |
| Free Cahsflow | -11.0% | -1,519 | -1,369 | -775 | -466 | -257 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.2% | 31,353 | 30,372 | 29,040 | 28,740 | 28,753 |
| Current Assets | 13.5% | 3,433 | 3,026 | 2,393 | 2,459 | 2,627 |
| Cash Equivalents | -2.4% | 164 | 168 | 77.00 | 446 | 452 |
| Net PPE | 1.7% | 22,713 | 22,340 | 21,627 | 22,540 | 22,352 |
| Current Liabilities | 20.0% | 2,985 | 2,488 | 2,389 | 1,814 | 2,204 |
| LT Debt, Non Current | 3.4% | 13,122 | 12,685 | 11,667 | 12,045 | 12,046 |
| Shareholder's Equity | 1.5% | 7,015 | 6,913 | 7,471 | 7,405 | 6,631 |
| Retained Earnings | 2.7% | 1,350 | 1,315 | 1,286 | 1,275 | 1,057 |
| Additional Paid-In Capital | 1.2% | 5,490 | 5,423 | 5,417 | 5,406 | 5,406 |
| Accumulated Depreciation | 1.1% | 8,960 | 8,863 | 8,711 | 8,543 | 8,502 |
| Shares Outstanding | 0.3% | 291 | 290 | 290 | 290 | 290 |
| Minority Interest | -1.9% | 580 | 591 | 593 | 551 | 557 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -14.8% | 855 | 1,003 | 1,511 | 1,694 | 1,819 |
| Cashflow From Investing | -56.6% | -2,476 | -1,581 | -1,521 | -1,489 | -1,233 |
| Cashflow From Financing | 147.1% | 1,327 | 537 | -186 | -255 | -295 |
Risks for CMS
What is the probability of a big loss on CMS?
29.2%
Probability that CMS Energy stock will be more than 20% underwater in next one year
0%
Probability that CMS Energy stock will be more than 30% underwater in next one year.
0%
Probability that CMS Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CMS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if CMS Energy was unfortunately bought at previous high price.
Drawdowns
Returns for CMS
Cumulative Returns on CMS
12.0%
10-Year Cumulative Returns
8.4%
7-Year Cumulative Returns
9.8%
5-Year Cumulative Returns
8.3%
3-Year Cumulative Returns
What are the long-term rolling returns for CMS?
FIve years rolling returns for CMS Energy.
Annualized Returns
Which funds bought or sold CMS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 9.02 | 50,188 | 322,188 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 21.82 | 3,743,360 | 15,273,400 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 156 | 180,000 | 281,000 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | unchanged | - | 22,819 | 281,819 | 0.16% |
2023-02-28 | Voya Investment Management LLC | added | 78.11 | 5,790,640 | 11,970,600 | 0.02% |
2023-02-24 | SRS Capital Advisors, Inc. | added | 140 | 4,396 | 6,396 | -% |
2023-02-24 | NATIXIS | reduced | -53.2 | -1,605,080 | 1,662,920 | 0.01% |
2023-02-24 | National Pension Service | added | 1.4 | 1,743,830 | 24,946,000 | 0.05% |
2023-02-22 | Kovack Advisors, Inc. | sold off | -100 | -359,000 | - | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 136,000 | 1,677,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CMS Energy News
Schedule 13G FIlings of CMS Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 1.7% | 4,896,774 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.88% | 37,398,056 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 5.69% | 16,511,661 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.5% | 27,573,598 | SC 13G/A | |
| Jan 18, 2023 | jpmorgan chase & co | 6.4% | 18,769,239 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 6.9% | 20,224,988 | SC 13G | |
| Feb 10, 2022 | state street corp | 5.09% | 14,745,888 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 12.41% | 35,958,215 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 9.1% | 26,291,806 | SC 13G/A | |
| Jan 07, 2022 | jpmorgan chase & co | 5.4% | 15,902,769 | SC 13G/A |
CMS Fair Value
CMS Energy fair value in different scenarios
The table shows the Fair Value estimates for CMS Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 46.51 -23.03% | 56.99 -5.69% | 75.70 25.27% | 107.33 77.61% | 129.59 114.45% |
| Current Inflation | 42.67 -29.39% | 51.58 -14.65% | 67.27 11.32% | 93.42 54.59% | 111.84 85.07% |
| Very High Inflation | 37.91 -37.27% | 45.02 -25.50% | 57.31 -5.16% | 77.42 28.12% | 91.59 51.56% |
Historical CMS Energy Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of CMS Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 23, 2023 | ARS | ARS | |
| Mar 23, 2023 | DEF 14A | DEF 14A | |
| Mar 23, 2023 | DEFA14A | DEFA14A | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 13, 2023 | 4 | Insider Trading | |
| Feb 27, 2023 | S-3ASR | S-3ASR | |
| Feb 14, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | 10-K | Annual Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for CMS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-16 | Rich Brian F | sold | -246,880 | 61.72 | -4,000 | senior vice president |
2023-03-13 | Hofmeister Brandon J. | sold | -75,001 | 60.0012 | -1,250 | senior vice president |
2023-03-09 | Hofmeister Brandon J. | sold | -75,000 | 60.00 | -1,250 | senior vice president |
2023-02-13 | Johnson Shaun M | sold | -50,253 | 61.7362 | -814 | svp and general counsel |
2023-01-26 | Berry Tonya L | acquired | - | - | 9,608 | senior vice president |
2023-01-26 | Johnson Shaun M | acquired | - | - | 15,616 | svp and general counsel |
2023-01-26 | Hofmeister Brandon J. | acquired | - | - | 13,613 | senior vice president |
2023-01-26 | Rich Brian F | acquired | - | - | 13,613 | senior vice president |
2023-01-26 | Hendrian Catherine A | acquired | - | - | 11,051 | senior vice president |
2023-01-26 | McIntosh Scott B | acquired | - | - | 4,885 | vp, controller, cao |
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.
CMS Income Statement
2022-09-30CMS Energy Corporation Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
| Operating Revenue | $ 2,024 | $ 1,725 | $ 6,318 | $ 5,296 |
| Operating Expenses | ||||
| Fuel for electric generation | 312 | 184 | 720 | 438 |
| Purchased power – related parties | 21 | 21 | 56 | 56 |
| Maintenance and other operating expenses | 413 | 410 | 1,139 | 1,076 |
| Depreciation and amortization | 243 | 250 | 830 | 832 |
| General taxes | 87 | 81 | 308 | 290 |
| Total operating expenses | 1,766 | 1,465 | 5,365 | 4,354 |
| Operating Income | 258 | 260 | 953 | 942 |
| Other Income (Expense) | ||||
| Interest income | 1 | 0 | 3 | 2 |
| Allowance for equity funds used during construction | 1 | 2 | 4 | 5 |
| Income from equity method investees | 1 | 4 | 1 | 8 |
| Non-operating retirement benefits, net | 54 | 40 | 154 | 121 |
| Other income | 2 | 1 | 3 | 7 |
| Other expense | (5) | (3) | (20) | (7) |
| Total other income | 54 | 44 | 145 | 136 |
| Interest Charges | ||||
| Interest on long-term debt | 127 | 120 | 370 | 359 |
| Interest expense – related parties | 3 | 3 | 9 | 9 |
| Other interest expense | 0 | 3 | 2 | 8 |
| Allowance for borrowed funds used during construction | 0 | (1) | (1) | (2) |
| Total interest charges | 130 | 125 | 380 | 374 |
| Income Before Income Taxes | 182 | 179 | 718 | 704 |
| Income Tax Expense | 19 | 26 | 72 | 90 |
| Income From Continuing Operations | 163 | 153 | 646 | 614 |
| Income From Discontinued Operations, Net of Tax of $—, $9, $1, and $25 | 0 | 30 | 4 | 82 |
| Net Income | 163 | 183 | 650 | 696 |
| Loss Attributable to Noncontrolling Interests | (2) | (6) | (16) | (18) |
| Net Income Attributable to CMS Energy | 165 | 189 | 666 | 714 |
| Preferred Stock Dividends | 2 | 3 | 7 | 3 |
| Net Income Available to Common Stockholders | $ 163 | $ 186 | $ 659 | $ 711 |
| Basic Earnings Per Average Common Share | ||||
| Basic earnings per average common share, income from continuing operations per average common share available to common stockholders (in dollars per share) | $ 0.56 | $ 0.54 | $ 2.26 | $ 2.18 |
| Basic earnings per average common share, income from discontinued operations per average common share available to common stockholders (in dollars per share) | 0 | 0.10 | 0.01 | 0.28 |
| Basic earnings per average common share (in dollars per share) | 0.56 | 0.64 | 2.27 | 2.46 |
| Diluted Earnings Per Average Common Share | ||||
| Diluted earnings per average common share, income from continuing operations per average common share available to common stockholders (in dollars per share) | 0.56 | 0.54 | 2.26 | 2.18 |
| Diluted earnings per average common share, income from discontinued operations per average common share available to common stockholders (in dollars per share) | 0 | 0.10 | 0.01 | 0.28 |
| Diluted earnings per average common share (in dollars per share) | $ 0.56 | $ 0.64 | $ 2.27 | $ 2.46 |
| Purchased and interchange power | ||||
| Operating Expenses | ||||
| Cost of goods and services sold | $ 572 | $ 462 | $ 1,510 | $ 1,230 |
| Cost of gas sold | ||||
| Operating Expenses | ||||
| Cost of goods and services sold | $ 118 | $ 57 | $ 802 | $ 432 |
CMS Balance Sheet
2022-09-30CMS Energy Corporation Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 168 | $ 452 |
| Restricted cash and cash equivalents | 27 | 24 |
| Accounts receivable and accrued revenue | 1,161 | 931 |
| Accounts receivable – related parties | 14 | 12 |
| Inventories at average cost | ||
| Gas in underground storage | 1,057 | 462 |
| Materials and supplies | 196 | 168 |
| Generating plant fuel stock | 51 | 37 |
| Deferred property taxes | 234 | 356 |
| Regulatory assets | 15 | 46 |
| Prepayments and other current assets | 103 | 139 |
| Total current assets | 3,026 | 2,627 |
| Plant, Property, and Equipment | ||
| Plant, property, and equipment, gross | 30,125 | 29,893 |
| Less accumulated depreciation and amortization | 8,863 | 8,502 |
| Plant, property, and equipment, net | 21,262 | 21,391 |
| Construction work in progress | 1,078 | 961 |
| Total plant, property, and equipment | 22,340 | 22,352 |
| Other Non‑current Assets | ||
| Regulatory assets | 3,427 | 2,259 |
| Accounts receivable | 28 | 30 |
| Investments | 70 | 71 |
| Other | 1,481 | 1,414 |
| Total other non‑current assets | 5,006 | 3,774 |
| Total Assets | 30,372 | 28,753 |
| Current Liabilities | ||
| Current portion of long-term debt, finance leases, and other financing | 1,000 | 382 |
| Accounts payable | 949 | 875 |
| Accounts payable – related parties | 7 | 11 |
| Accrued rate refunds | 0 | 12 |
| Accrued interest | 117 | 107 |
| Accrued taxes | 178 | 515 |
| Regulatory liabilities | 67 | 146 |
| Other current liabilities | 170 | 156 |
| Total current liabilities | 2,488 | 2,204 |
| Non‑current Liabilities | ||
| Long-term debt | 12,685 | 12,046 |
| Non-current portion of finance leases and other financing | 70 | 46 |
| Regulatory liabilities | 3,862 | 3,802 |
| Postretirement benefits | 136 | 142 |
| Asset retirement obligations | 747 | 628 |
| Deferred investment tax credit | 130 | 112 |
| Deferred income taxes | 2,367 | 2,210 |
| Other non‑current liabilities | 383 | 375 |
| Total non‑current liabilities | 20,380 | 19,361 |
| Commitments and Contingencies | ||
| Common stockholders’ equity | ||
| Common stock | 3 | 3 |
| Other paid-in capital | 5,423 | 5,406 |
| Accumulated other comprehensive loss | (52) | (59) |
| Retained earnings | 1,315 | 1,057 |
| Total common stockholders’ equity | 6,689 | 6,407 |
| Cumulative preferred stock | 224 | 224 |
| Total stockholders’ equity | 6,913 | 6,631 |
| Noncontrolling interests | 591 | 557 |
| Total equity | 7,504 | 7,188 |
| Total Liabilities and Equity | $ 30,372 | $ 28,753 |