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CMS Energy Corp Stock Research

CMS

60.43USD+2.47(+4.26%)Market Closed

Market Summary

USD60.43+2.47
Market Closed
4.26%

CMS Alerts

CMS Stock Price

CMS RSI Chart

CMS Valuation

Market Cap

17.6B

Price/Earnings (Trailing)

21.03

Price/Sales (Trailing)

2.05

EV/EBITDA

6.85

Price/Free Cashflow

-11.59

CMS Price/Sales (Trailing)

CMS Profitability

EBT Margin

10.49%

Return on Equity

11.93%

Return on Assets

2.67%

Free Cashflow Yield

-8.63%

CMS Fundamentals

CMS Revenue

Revenue (TTM)

8.6B

Revenue Y/Y

12.05%

Revenue Q/Q

12.55%

CMS Earnings

Earnings (TTM)

837.0M

Earnings Y/Y

-73.24%

Earnings Q/Q

3.64%

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

Current Ratio

1.15

CMS Investor Care

Dividend Yield

3.04%

Dividend/Share (TTM)

1.84

Shares Dilution (1Y)

0.52%

Diluted EPS (TTM)

2.85

Peers (Alternatives to CMS Energy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
33.7B
15.7B
2.88% 6.65%
20.33
2.15
14.58% 23.33%
29.4B
9.6B
2.28% -0.57%
20.86
3.06
15.41% 8.56%
29.2B
9.8B
-3.32% -12.28%
28.34
2.98
0.80% 259.10%
22.0B
8.0B
-1.71% -5.55%
20.41
2.77
24.44% 8.44%
17.6B
8.6B
-0.62% -9.27%
21.03
2.05
17.29% -38.14%
11.0B
5.9B
-3.11% -10.18%
13.71
1.88
19.41% 37.48%
MID-CAP
7.0B
10.2B
-12.71% -5.51%
32.24
0.68
24.47% -79.76%
4.0B
2.6B
-2.96% -13.81%
15.31
1.55
30.92% 9.14%
3.3B
1.5B
-4.57% -3.15%
18.01
2.23
7.69% -2.05%
3.1B
1.7B
-1.53% -2.64%
19.86
1.77
20.61% 5.32%
2.3B
620.7M
-1.71% 13.78%
31.21
3.71
8.19% 22.07%
SMALL-CAP
1.4B
162.4M
-8.93% -23.52%
32.22
8.42
13.48% 16.11%
883.5M
563.2M
-0.86% 15.06%
21.34
1.57
18.99% 14.68%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.9%8,5968,3518,0527,6907,329
Costs and Expenses2.5%7,3727,1946,8936,5186,183
EBITDA3.7%2,5472,4552,4542,4742,437
EBITDA Margin0.8%0.30*0.29*0.30*0.32*0.33*
Earnings Before Taxes7.8%902837834853823
EBT Margin4.7%0.10*0.10*0.10*0.11*0.11*
Interest Expenses2.6%519506501500500
Net Income-35.9%8371,3051,3291,3571,353
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/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.2%31,35330,37229,04028,74028,753
  Current Assets13.5%3,4333,0262,3932,4592,627
    Cash Equivalents-2.4%16416877.00446452
  Net PPE1.7%22,71322,34021,62722,54022,352
  Current Liabilities20.0%2,9852,4882,3891,8142,204
    LT Debt, Non Current3.4%13,12212,68511,66712,04512,046
Shareholder's Equity1.5%7,0156,9137,4717,4056,631
  Retained Earnings2.7%1,3501,3151,2861,2751,057
  Additional Paid-In Capital1.2%5,4905,4235,4175,4065,406
Accumulated Depreciation1.1%8,9608,8638,7118,5438,502
Shares Outstanding0.3%291290290290290
Minority Interest-1.9%580591593551557
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-14.8%8551,0031,5111,6941,819
Cashflow From Investing-56.6%-2,476-1,581-1,521-1,489-1,233
Cashflow From Financing147.1%1,327537-186-255-295

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 ascendingFund NameType% 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%

1–10 of 49

Latest Funds Activity

Are funds buying CMS calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CMS
No. of Funds

CMS Energy News

MarketBeat

Ronald Blue Trust Inc. Purchases 2999 Shares of CMS Energy Co ....

MarketBeat,
46 hours ago

Barchart

StreetInsider.com

Form DEF 14A CONSUMERS ENERGY CO.

StreetInsider.com,
3 days ago

Marketscreener.com

Schedule 13G FIlings of CMS Energy

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Garrick J. Rochow
9780
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

2022-09-30
CMS Energy Corporation Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended9 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 generation312184720438
Purchased power – related parties21215656
Maintenance and other operating expenses4134101,1391,076
Depreciation and amortization243250830832
General taxes8781308290
Total operating expenses1,7661,4655,3654,354
Operating Income258260953942
Other Income (Expense)    
Interest income1032
Allowance for equity funds used during construction1245
Income from equity method investees1418
Non-operating retirement benefits, net5440154121
Other income2137
Other expense(5)(3)(20)(7)
Total other income5444145136
Interest Charges    
Interest on long-term debt127120370359
Interest expense – related parties3399
Other interest expense0328
Allowance for borrowed funds used during construction0(1)(1)(2)
Total interest charges130125380374
Income Before Income Taxes182179718704
Income Tax Expense19267290
Income From Continuing Operations163153646614
Income From Discontinued Operations, Net of Tax of $—, $9, $1, and $25030482
Net Income163183650696
Loss Attributable to Noncontrolling Interests(2)(6)(16)(18)
Net Income Attributable to CMS Energy165189666714
Preferred Stock Dividends2373
Net Income Available to Common Stockholders$ 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)00.100.010.28
Basic earnings per average common share (in dollars per share)0.560.642.272.46
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)0.560.542.262.18
Diluted earnings per average common share, income from discontinued operations per average common share available to common stockholders (in dollars per share)00.100.010.28
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

2022-09-30
CMS 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 equivalents2724
Accounts receivable and accrued revenue1,161931
Accounts receivable – related parties1412
Inventories at average cost  
Gas in underground storage1,057462
Materials and supplies196168
Generating plant fuel stock5137
Deferred property taxes234356
Regulatory assets1546
Prepayments and other current assets103139
Total current assets3,0262,627
Plant, Property, and Equipment  
Plant, property, and equipment, gross30,12529,893
Less accumulated depreciation and amortization8,8638,502
Plant, property, and equipment, net21,26221,391
Construction work in progress1,078961
Total plant, property, and equipment22,34022,352
Other Non‑current Assets  
Regulatory assets3,4272,259
Accounts receivable2830
Investments7071
Other1,4811,414
Total other non‑current assets5,0063,774
Total Assets30,37228,753
Current Liabilities  
Current portion of long-term debt, finance leases, and other financing1,000382
Accounts payable949875
Accounts payable – related parties711
Accrued rate refunds012
Accrued interest117107
Accrued taxes178515
Regulatory liabilities67146
Other current liabilities170156
Total current liabilities2,4882,204
Non‑current Liabilities  
Long-term debt12,68512,046
Non-current portion of finance leases and other financing7046
Regulatory liabilities3,8623,802
Postretirement benefits136142
Asset retirement obligations747628
Deferred investment tax credit130112
Deferred income taxes2,3672,210
Other non‑current liabilities383375
Total non‑current liabilities20,38019,361
Commitments and Contingencies
Common stockholders’ equity  
Common stock33
Other paid-in capital5,4235,406
Accumulated other comprehensive loss(52)(59)
Retained earnings1,3151,057
Total common stockholders’ equity6,6896,407
Cumulative preferred stock224224
Total stockholders’ equity6,9136,631
Noncontrolling interests591557
Total equity7,5047,188
Total Liabilities and Equity$ 30,372$ 28,753