CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079CC

CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079

23.71USDR
+0.06+0.25%
As of today at 16:13 GMT
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CMSD fundamentals

Key facts

Market capitalization‪21.87 B‬USD
Founded1987
Employees (FY)‪8.32 K‬
CEOGarrick J. Rochow
About

CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas. The NorthStar Clean Energy segment is involved in domestic independent power production including the development and operation of renewable generation and the marketing of independent power production. The company was founded in 1987 and is headquartered in Jackson, MI.

Ownership
‪‪298.80 M‬‬
Free Float shares
‪‪296.73 M‬‬ (99.31%)
Closely held shares
‪‪2.07 M‬‬ (0.69%)
Free Float shares
‪‪296.73 M‬‬ (99.31%)
Closely held shares
‪‪2.07 M‬‬ (0.69%)
Capital structure
Market cap
‪‪21.87 B‬‬
Debt
‪‪16.59 B‬‬
Minority interest
‪‪518.00 M‬‬
Preferred stock
‪‪224.00 M‬‬
Cash & equivalents
‪‪178.00 M‬‬
Enterprise value
‪‪39.03 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪21.87 B‬‬
Price to earning ratio (P/E)
7.10x
Price to sales ratio (P/S)
0.94x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
7.10x
Price to sales ratio (P/S)
0.94x
Valuation ratios
‪0.00‬
‪0.80‬
‪1.60‬
‪2.40‬
‪3.20‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪5.50‬
‪11.00‬
‪16.50‬
‪22.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪10.0%‬
‪11.5%‬
‪13.0%‬
‪14.5%‬
‪16.0%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪600.00 M‬‬
‪‪1.20 B‬‬
‪‪1.80 B‬‬
‪‪2.40 B‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
‪0.00‬
‪‪500.00 M‬‬
‪‪1.00 B‬‬
‪‪1.50 B‬‬
‪‪2.00 B‬‬
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
‪0.00‬
‪‪500.00 M‬‬
‪‪1.00 B‬‬
‪‪1.50 B‬‬
‪‪2.00 B‬‬

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
2021
2022
2023
2024
2025
‪0.00‬
‪‪2.50 B‬‬
‪‪5.00 B‬‬
‪‪7.50 B‬‬
‪‪10.00 B‬‬
Actual
Estimate
Earnings
Next:Jan 29, 2026
2021
2022
2023
2024
2025
‪0.00‬
‪0.90‬
‪1.80‬
‪2.70‬
‪3.60‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
61.88%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
2.81%
Last payment
0.367
Last ex-date
Feb 14, 2025
Dividend history
‪2.50%‬
‪2.75%‬
‪3.00%‬
‪3.25%‬
‪3.50%‬
2020
2021
2022
2023
2024
‪0.00‬
‪0.60‬
‪1.20‬
‪1.80‬
‪2.40‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Debt level and coverage
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪‪−6.00 B‬‬
‪0.00‬
‪‪6.00 B‬‬
‪‪12.00 B‬‬
‪‪18.00 B‬‬
Debt
Free cash flow
Cash & equivalents
Financial position analysis
Short term
Long term
‪0.00‬
‪‪9.00 B‬‬
‪‪18.00 B‬‬
‪‪27.00 B‬‬
‪‪36.00 B‬‬
Assets
Liabilities