CMS Energy（0HR4）株式概要CMSエナジー・コーポレーションは、主にミシガン州でエネルギー会社として事業を展開している。 詳細0HR4 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長2/6過去の実績4/6財務の健全性1/6配当金4/6報酬収益は年間10%増加すると予測されています 過去1年間で収益は8.6%増加しました リスク分析利払いは収益で十分にカバーされない 3.13%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る0HR4 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$73.2731.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture011b2016201920222025202620282031Revenue US$11.0bEarnings US$1.4bAdvancedSet Fair ValueView all narrativesCMS Energy Corporation 競合他社National GridSymbol: LSE:NG.Market cap: UK£62.4bTelecom PlusSymbol: LSE:TEPMarket cap: UK£836.7mSSESymbol: LSE:SSEMarket cap: UK£28.2bSevern TrentSymbol: LSE:SVTMarket cap: UK£9.3b価格と性能株価の高値、安値、推移の概要CMS Energy過去の株価現在の株価US$73.2752週高値US$81.8752週安値US$68.41ベータ0.371ヶ月の変化-5.79%3ヶ月変化-3.35%1年変化3.34%3年間の変化25.52%5年間の変化16.42%IPOからの変化63.59%最新ニュースお知らせ • May 15CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • Apr 28First quarter 2026 earnings released: EPS: US$1.10 (vs US$1.01 in 1Q 2025)First quarter 2026 results: EPS: US$1.10 (up from US$1.01 in 1Q 2025). Revenue: US$2.73b (up 12% from 1Q 2025). Net income: US$338.0m (up 12% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.Declared Dividend • Apr 26Fourth quarter dividend of US$0.57 announcedShareholders will receive a dividend of US$0.57. Ex-date: 8th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 21CMS Energy Announces Quarterly Dividend on Common Stock, Payable on May 29, 2026The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 57 cents per share. It is payable on May 29, 2026, to shareholders of record on May 8, 2026.お知らせ • Apr 08CMS Energy Corporation to Report Q1, 2026 Results on Apr 28, 2026CMS Energy Corporation announced that they will report Q1, 2026 results at 10:00 AM, Eastern Daylight on Apr 28, 2026お知らせ • Mar 16CMS Energy Corporation, Annual General Meeting, May 08, 2026CMS Energy Corporation, Annual General Meeting, May 08, 2026.最新情報をもっと見るRecent updatesお知らせ • May 15CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • Apr 28First quarter 2026 earnings released: EPS: US$1.10 (vs US$1.01 in 1Q 2025)First quarter 2026 results: EPS: US$1.10 (up from US$1.01 in 1Q 2025). Revenue: US$2.73b (up 12% from 1Q 2025). Net income: US$338.0m (up 12% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.Declared Dividend • Apr 26Fourth quarter dividend of US$0.57 announcedShareholders will receive a dividend of US$0.57. Ex-date: 8th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 21CMS Energy Announces Quarterly Dividend on Common Stock, Payable on May 29, 2026The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 57 cents per share. It is payable on May 29, 2026, to shareholders of record on May 8, 2026.お知らせ • Apr 08CMS Energy Corporation to Report Q1, 2026 Results on Apr 28, 2026CMS Energy Corporation announced that they will report Q1, 2026 results at 10:00 AM, Eastern Daylight on Apr 28, 2026お知らせ • Mar 16CMS Energy Corporation, Annual General Meeting, May 08, 2026CMS Energy Corporation, Annual General Meeting, May 08, 2026.Recent Insider Transactions • Feb 27Independent Chairman of the Board recently sold US$1.1m worth of stockOn the 20th of February, John Russell sold around 15k shares on-market at roughly US$75.76 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.お知らせ • Feb 20CMS Energy and Consumers Energy Announces Board Changes, Effective February 20, 2026CMS Energy announced that Diane Leopold, retired executive vice president and chief operating officer at Dominion Energy, Inc, has been elected to the CMS Energy and Consumers Energy boards of directors, effective February 20, 2026. Leopold joined Dominion, a regulated public electric utility, in 1995 and served in a wide variety of positions of increasing responsibility until being named executive vice president and co-chief operating officer in 2019, a position she held until her appointment as executive vice president and chief operating officer in 2020. She brings over three decades of utility experience to the CMS Energy and Consumers Energy board of directors. Leopold holds a bachelor of science in electrical and mechanical engineering from the University of Sussex, a master's in electrical engineering from George Washington University and a master's in business administration from Virginia Commonwealth University. She currently serves on the boards of nVent Electric plc, Markel Group Inc., World Pediatrics and the Atlantic Council. Leopold will serve on the Compensation and Human Resources Committee and the Finance Committee for each of the CMS Energy and Consumers Energy boards. Richard Keyes first joined Meijer in 1989 and has held roles of increasing responsibility across the business, including Pharmacy, Retail Operations, and Supply Chain & Manufacturing. He was elected as president in 2015, a position he held until 2017, when he was elected chief executive officer. Keyes brings with him to the CMS Energy and Consumers Energy boards of directors over 35 years of broad operational, strategic and leadership experience in the business community. CMS Energy announces that Richard Keyes, president and chief executive officer of Meijer, Inc, has also been elected to the CMS Energy and Consumers Energy boards of directors, effective February 20, 2026. Keyes received his bachelor of science pharmacy degree from Ohio Northern University. He serves on the boards of Business Leaders for Michigan, and National Association of Chain Drug Stores. He is the vice chair of Retail Leaders Association and The Right Place and is the board chair of Ohio Northern University, FMI Foundation and The Federal Reserve Bank of Chicago-Detroit Branch. Leopold has been appointed to serve on the Compensation and Human Resources Committee and the Finance Committee and Keyes has been appointed to serve on the Audit Committee and Governance, Sustainability and Public Responsibility Committee of the Boards.お知らせ • Feb 12CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $100 million.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common StockDeclared Dividend • Feb 07Fourth quarter dividend increased to US$0.57Dividend of US$0.57 is 5.1% higher than last year. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 06Full year 2025 earnings released: EPS: US$3.53 (vs US$3.33 in FY 2024)Full year 2025 results: EPS: US$3.53 (up from US$3.33 in FY 2024). Revenue: US$8.54b (up 14% from FY 2024). Net income: US$1.06b (up 6.8% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.お知らせ • Feb 05CMS Energy Corporation Increases Quarterly Dividend on Common Stock, Payable on February 27, 2026The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock to 57 cents per share, up from 54.25 cents per share. The first quarter dividend for the common stock is payable February 27, 2026, to shareholders of record February 17, 2026.お知らせ • Jan 16CMS Energy Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026CMS Energy Corporation announced that they will report fiscal year 2025 results at 10:00 AM, US Eastern Standard Time on Feb 05, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$0.92 (vs US$0.84 in 3Q 2024)Third quarter 2025 results: EPS: US$0.92 (up from US$0.84 in 3Q 2024). Revenue: US$2.02b (up 16% from 3Q 2024). Net income: US$275.0m (up 9.6% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.Declared Dividend • Oct 27Second quarter dividend of US$0.54 announcedShareholders will receive a dividend of US$0.54. Ex-date: 7th November 2025 Payment date: 26th November 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 21CMS Energy Declares Quarterly Dividend on Common Stock, Payable on November 26, 2025The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 54.25 cents per share. It is payable November 26, 2025, to shareholders of record on November 7, 2025.お知らせ • Oct 15CMS Energy Corporation to Report Q3, 2025 Results on Oct 30, 2025CMS Energy Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025お知らせ • Sep 18Consumers Energy Appoints Shannon Thomas as Senior Vice President and Chief People Officer, Effective September 29Consumers Energy announced Shannon Thomas as the company's senior vice president and chief people officer, effective September 29. Thomas joins Consumers Energy after serving as chief human resources officer at EnerSys, an energy storage and systems company. She has also held senior leadership roles at The Chemours Company, Owens Corning and Danaher building expertise across global manufacturing, technology and industrials sectors. She is known for elevating the people function in organizations to drive measurable business outcomes and for fostering strong community connections in the places where she works and lives. Thomas holds a bachelor's degree in human resources management from Marietta College and a Master of Business Administration from University of Houston – Clear Lake.Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: US$0.66 (vs US$0.66 in 2Q 2024)Second quarter 2025 results: EPS: US$0.66 (up from US$0.66 in 2Q 2024). Revenue: US$1.84b (up 14% from 2Q 2024). Net income: US$198.0m (up 1.5% from 2Q 2024). Profit margin: 11% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 28First quarter dividend of US$0.54 announcedShareholders will receive a dividend of US$0.54. Ex-date: 8th August 2025 Payment date: 29th August 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 22CMS Energy Declares Quarterly Dividend on Common Stock, Payable on August 29, 2025The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 54.25 cents per share. It is payable August 29, 2025, to shareholders of record on August 8, 2025.お知らせ • Jul 11CMS Energy Corporation to Report Q2, 2025 Results on Jul 31, 2025CMS Energy Corporation announced that they will report Q2, 2025 results on Jul 31, 2025New Risk • May 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$951k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$951k sold).Upcoming Dividend • May 05Upcoming dividend of US$0.54 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (5.2%).Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: US$1.01 (vs US$0.96 in 1Q 2024)First quarter 2025 results: EPS: US$1.01 (up from US$0.96 in 1Q 2024). Revenue: US$2.45b (up 13% from 1Q 2024). Net income: US$302.0m (up 6.0% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 20Fourth quarter dividend of US$0.54 announcedShareholders will receive a dividend of US$0.54. Ex-date: 9th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 14CMS Energy Declares Quarterly Dividend on Common Stock, Payable on May 30, 2025The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 54.25 cents per share. It is payable May 30, 2025, to shareholders of record on May 9, 2025.お知らせ • Apr 04CMS Energy Corporation to Report Q1, 2025 Results on Apr 24, 2025CMS Energy Corporation announced that they will report Q1, 2025 results on Apr 24, 2025お知らせ • Mar 21CMS Energy Corporation, Annual General Meeting, May 02, 2025CMS Energy Corporation, Annual General Meeting, May 02, 2025.Declared Dividend • Feb 10Fourth quarter dividend increased to US$0.54Dividend of US$0.54 is 5.3% higher than last year. Ex-date: 14th February 2025 Payment date: 28th February 2025 Dividend yield will be 3.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Full year 2024 earnings released: EPS: US$3.33 (vs US$3.01 in FY 2023)Full year 2024 results: EPS: US$3.33 (up from US$3.01 in FY 2023). Revenue: US$7.52b (flat on FY 2023). Net income: US$993.0m (up 13% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 06CMS Energy Announces Quarterly Dividend on Common Stock , Payable on February 28, 2025CMS Energy increased the quarterly dividend on the company's common stock to 54.25 cents per share, up from 51.50 cents per share. The first quarter dividend for the common stock is payable on February 28, 2025, to shareholders of record February 17, 2025.お知らせ • Jan 17CMS Energy Corporation to Report Fiscal Year 2024 Results on Feb 06, 2025CMS Energy Corporation announced that they will report fiscal year 2024 results on Feb 06, 2025Recent Insider Transactions • Dec 21Independent Chairman of the Board recently sold US$1.9m worth of stockOn the 19th of December, John Russell sold around 29k shares on-market at roughly US$65.85 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.New Risk • Nov 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.84 (vs US$0.60 in 3Q 2023)Third quarter 2024 results: EPS: US$0.84 (up from US$0.60 in 3Q 2023). Revenue: US$1.74b (up 4.2% from 3Q 2023). Net income: US$251.0m (up 44% from 3Q 2023). Profit margin: 14% (up from 10% in 3Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.Declared Dividend • Oct 27Second quarter dividend of US$0.52 announcedShareholders will receive a dividend of US$0.52. Ex-date: 13th November 2024 Payment date: 27th November 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 11CMS Energy Corporation to Report Q3, 2024 Results on Oct 31, 2024CMS Energy Corporation announced that they will report Q3, 2024 results on Oct 31, 2024Declared Dividend • Jul 29Second quarter dividend of US$0.52 announcedShareholders will receive a dividend of US$0.52. Ex-date: 2nd August 2024 Payment date: 30th August 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.65 (vs US$0.67 in 2Q 2023)Second quarter 2024 results: EPS: US$0.65. Revenue: US$1.61b (up 3.3% from 2Q 2023). Net income: US$195.0m (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Integrated Utilities industry in Europe.お知らせ • Jul 23CMS Energy Declares Quarterly Dividend on Common Stock, Payable on August 30, 2024CMS Energy declared quarterly dividend on common stock. The dividend for the common stock is 51.50 cents per share. It is payable August 30, 2024, to shareholders of record on August 2, 2024.Declared Dividend • Apr 29First quarter dividend of US$0.52 announcedShareholders will receive a dividend of US$0.52. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.96 (vs US$0.69 in 1Q 2023)First quarter 2024 results: EPS: US$0.96 (up from US$0.69 in 1Q 2023). Revenue: US$2.18b (down 4.7% from 1Q 2023). Net income: US$285.0m (up 41% from 1Q 2023). Profit margin: 13% (up from 8.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.お知らせ • Apr 05CMS Energy Corporation to Report Q1, 2024 Results on Apr 25, 2024CMS Energy Corporation announced that they will report Q1, 2024 results on Apr 25, 2024お知らせ • Mar 24CMS Energy Corporation, Annual General Meeting, May 03, 2024CMS Energy Corporation, Annual General Meeting, May 03, 2024, at 11:45 US Eastern Standard Time.New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).Declared Dividend • Feb 04Fourth quarter dividend increased to US$0.52Dividend of US$0.52 is 5.6% higher than last year. Ex-date: 9th February 2024 Payment date: 29th February 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 02Full year 2023 earnings released: EPS: US$3.01 (vs US$2.84 in FY 2022)Full year 2023 results: EPS: US$3.01 (up from US$2.84 in FY 2022). Revenue: US$7.46b (down 13% from FY 2022). Net income: US$876.0m (up 6.4% from FY 2022). Profit margin: 12% (up from 9.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat.お知らせ • Feb 01CMS Energy Corporation Increases Quarterly Dividend, Payable on February 29, 2024The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock to 51.50 cents per share, up from 48.75 cents per share. The first quarter dividend for the common stock is payable February 29, 2024, to shareholders of record February 12, 2024.お知らせ • Jan 12CMS Energy Corporation to Report Fiscal Year 2023 Results on Feb 01, 2024CMS Energy Corporation announced that they will report fiscal year 2023 results at 9:30 AM, US Eastern Standard Time on Feb 01, 2024Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Director Ralph Izzo was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 08CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $1 billion.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $1 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingNew Risk • Nov 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$1.3m sold).Recent Insider Transactions • Nov 04Independent Chairman of the Board recently sold US$1.1m worth of stockOn the 2nd of November, John Russell sold around 19k shares on-market at roughly US$55.53 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.お知らせ • Oct 29CMS Energy Provides Earnings Guidance for the Full Year 2023 and 2024CMS Energy provides earnings guidance for the full year 2023. The company expects full year guidance of $3.06 to $3.12 per share and expect to deliver toward the high end. For 2024, the company is initiating full year guidance at $3.27 to $3.33 per share reflecting 6% to 8% growth off the midpoint of this year's range.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.60 (vs US$0.56 in 3Q 2022)Third quarter 2023 results: EPS: US$0.60 (up from US$0.56 in 3Q 2022). Revenue: US$1.67b (down 17% from 3Q 2022). Net income: US$174.0m (up 6.7% from 3Q 2022). Profit margin: 10% (up from 8.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Integrated Utilities industry in Europe.お知らせ • Oct 21CMS Energy Corporation Declares Quarterly Dividend, Payable on November 30, 2023The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 48.75 cents per share. It is payable November 30, 2023, to shareholders of record on November 3, 2023.お知らせ • Oct 06CMS Energy Corporation to Report Q3, 2023 Results on Oct 26, 2023CMS Energy Corporation announced that they will report Q3, 2023 results on Oct 26, 2023Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: US$0.67 (vs US$0.50 in 2Q 2022)Second quarter 2023 results: EPS: US$0.67 (up from US$0.50 in 2Q 2022). Revenue: US$1.56b (down 19% from 2Q 2022). Net income: US$194.0m (up 34% from 2Q 2022). Profit margin: 13% (up from 7.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year.お知らせ • Jul 23Cms Energy Declares Quarterly Dividend on Common Stock, Payable on August 31, 2023CMS Energy declared quarterly dividend on common stock. The dividend for the common stock is 48.75 cents per share. It is payable August 31, 2023, to shareholders of record on August 4, 2023.お知らせ • May 16Cms Energy Announces Ralph Izzo to Join Board of DirectorsRalph Izzo, retired chairman, president and CEO of Public Service Enterprise Group (PSEG), has been elected to the CMS Energy and Consumers Energy boards of directors effective May 15, 2023. He has more than 30 years in the energy field, including general management, strategic planning and public policy. Izzo also is an influential voice for clean energy. PSEG is a publicly traded diversified energy holding company. Izzo served as PSEG's executive chair, president and chief operating officer and was a member of its board of directors from 2007 until 2022. Previously, Izzo was president and chief operating officer of Public Service Electric and Gas Company (PSE&G), an operating subsidiary of PSEG. Izzo joined PSE&G in 1992 and held several executive positions within the PSEG family of companies. Izzo holds Bachelor of Science and Master of Science degrees in mechanical engineering and a Doctorate in applied physics from Columbia University. He also holds a Master of Business Administration (MBA) from Rutgers Business School. Izzo serves on several boards and committees, including Ovintiv Inc, the Bank of New York Mellon and TerraPower, a nuclear innovation company. He is a member of the U.S. Department of Energy'sFusion Energy Sciences Advisory Committee and the Liberty Science Center board of trustees. Izzo is also involved in several educational and community organizations. Izzo will serve on the Audit Committee and Finance Committee for each of the CMS Energy and Consumers Energy boards.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: US$0.69 (vs US$1.20 in 1Q 2022)First quarter 2023 results: EPS: US$0.69 (down from US$1.20 in 1Q 2022). Revenue: US$2.28b (down 3.8% from 1Q 2022). Net income: US$202.0m (down 42% from 1Q 2022). Profit margin: 8.8% (down from 15% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.Recent Insider Transactions • Mar 18Senior Vice President of Governmental recently sold US$150k worth of stockOn the 13th of March, Brandon Hofmeister sold around 3k shares on-market at roughly US$60.00 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$932k more than they bought in the last 12 months.Recent Insider Transactions • Feb 15Senior VP & General Counsel recently sold US$50k worth of stockOn the 13th of February, Shaun Johnson sold around 814 shares on-market at roughly US$61.74 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months.Reported Earnings • Feb 05Full year 2022 earnings released: EPS: US$2.84 (vs US$2.58 in FY 2021)Full year 2022 results: EPS: US$2.84 (up from US$2.58 in FY 2021). Revenue: US$8.60b (up 17% from FY 2021). Net income: US$823.0m (up 10% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Feb 03CMS Energy Increases Quarterly Dividend, Payable Feb. 28, 2023The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock to 48.75 cents per share, up from 46 cents per share. The first quarter dividend for the common stock is payable Feb. 28, 2023, to shareholders of record Feb. 13, 2023.Board Change • Jan 17Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. President, CEO & Director Garrick Rochow was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 13CMS Energy Corporation to Report Q4, 2022 Results on Feb 02, 2023CMS Energy Corporation announced that they will report Q4, 2022 results on Feb 02, 2023Board Change • Dec 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Garrick Rochow was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Nov 03Chief Accounting Officer recently sold US$50k worth of stockOn the 31st of October, Scott McIntosh sold around 875 shares on-market at roughly US$57.17 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$999k more than they bought in the last 12 months.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: US$0.56 (vs US$0.54 in 3Q 2021)Third quarter 2022 results: EPS: US$0.56 (up from US$0.54 in 3Q 2021). Revenue: US$2.02b (up 17% from 3Q 2021). Net income: US$163.0m (up 4.5% from 3Q 2021). Profit margin: 8.1% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 02Second quarter 2022 earnings released: EPS: US$0.50 (vs US$0.55 in 2Q 2021)Second quarter 2022 results: EPS: US$0.50 (down from US$0.55 in 2Q 2021). Revenue: US$1.92b (up 23% from 2Q 2021). Net income: US$145.0m (down 8.2% from 2Q 2021). Profit margin: 7.6% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.4% compared to a 4.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.50 (vs US$0.55 in 2Q 2021)Second quarter 2022 results: EPS: US$0.50 (down from US$0.55 in 2Q 2021). Revenue: US$1.92b (up 23% from 2Q 2021). Net income: US$145.0m (down 8.2% from 2Q 2021). Profit margin: 7.6% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.9% compared to a 7.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.Recent Insider Transactions • Jun 11Independent Director recently sold US$88k worth of stockOn the 9th of June, Jon Barfield sold around 1k shares on-market at roughly US$69.44 per share. In the last 3 months, there was an even bigger sale from another insider worth US$431k. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months.Recent Insider Transactions • Jun 02Chief Accounting Officer recently sold US$50k worth of stockOn the 31st of May, Scott McIntosh sold around 703 shares on-market at roughly US$71.21 per share. In the last 3 months, there was an even bigger sale from another insider worth US$431k. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.Recent Insider Transactions • May 13Senior Vice President of Strategy recently sold US$69k worth of stockOn the 11th of May, Venkat Rao sold around 1k shares on-market at roughly US$69.20 per share. In the last 3 months, there was an even bigger sale from another insider worth US$431k. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.Reported Earnings • May 03First quarter 2022 earnings released: EPS: US$1.20 (vs US$1.09 in 1Q 2021)First quarter 2022 results: EPS: US$1.20 (up from US$1.09 in 1Q 2021). Revenue: US$2.37b (up 18% from 1Q 2021). Net income: US$347.0m (up 10% from 1Q 2021). Profit margin: 15% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.0% compared to a 1.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Recent Insider Transactions • Mar 23Insider recently sold US$431k worth of stockOn the 14th of March, Catherine Hendrian sold around 7k shares on-market at roughly US$66.09 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.5m more than they bought in the last 12 months.Reported Earnings • Feb 04Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$2.58 (down from US$2.65 in FY 2020). Revenue: US$7.33b (up 9.7% from FY 2020). Net income: US$746.0m (down 1.2% from FY 2020). Profit margin: 10% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is expected to shrink by 1.9% compared to a 2.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Upcoming Dividend • Feb 03Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 10 February 2022. Payment date: 28 February 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (4.2%). Lower than average of industry peers (3.6%).Recent Insider Transactions • Nov 23Senior VP & Chief Customer Officer recently sold US$211k worth of stockOn the 17th of November, Brian Rich sold around 4k shares on-market at roughly US$60.32 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.2m more than they bought in the last 12 months.Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS US$0.54 (vs US$0.76 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$1.73b (up 9.5% from 3Q 2020). Net income: US$156.0m (down 28% from 3Q 2020). Profit margin: 9.0% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.Executive Departure • Sep 07VP & Chief Accounting Officer Glenn Barba has left the companyOn the 1st of September, Glenn Barba's tenure as VP & Chief Accounting Officer ended after 18.6 years in the role. As of June 2021, Glenn still personally held 39.81k shares (US$2.4m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.42 years.Recent Insider Transactions • Aug 26Independent Director recently sold US$264k worth of stockOn the 23rd of August, Jon Barfield sold around 4k shares on-market at roughly US$64.08 per share. In the last 3 months, there was an even bigger sale from another insider worth US$808k. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months.Recent Insider Transactions • Aug 08Insider recently sold US$502k worth of stockOn the 5th of August, Catherine Hendrian sold around 8k shares on-market at roughly US$62.80 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months.Reported Earnings • Aug 01Second quarter 2021 earnings released: EPS US$0.55 (vs US$0.45 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$1.56b (up 13% from 2Q 2020). Net income: US$158.0m (up 23% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.Upcoming Dividend • Jul 29Upcoming dividend of US$0.43 per shareEligible shareholders must have bought the stock before 05 August 2021. Payment date: 31 August 2021. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (4.1%).Reported Earnings • Apr 30First quarter 2021 earnings released: EPS US$1.21 (vs US$0.86 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$2.08b (up 12% from 1Q 2020). Net income: US$349.0m (up 44% from 1Q 2020). Profit margin: 17% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.Upcoming Dividend • Apr 29Upcoming dividend of US$0.43 per shareEligible shareholders must have bought the stock before 06 May 2021. Payment date: 28 May 2021. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (4.0%).Recent Insider Transactions • Mar 16Senior Vice President of Transformation recently sold US$172k worth of stockOn the 10th of March, Jean-Francois Brossoit sold around 3k shares on-market at roughly US$57.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.2m more than they bought in the last 12 months.Reported Earnings • Feb 06Full year 2020 earnings released: EPS US$2.65 (vs US$2.40 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$6.68b (down 2.4% from FY 2019). Net income: US$755.0m (up 11% from FY 2019). Profit margin: 11% (up from 9.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.Analyst Estimate Surprise Post Earnings • Feb 06Revenue misses expectationsRevenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 4.9%, compared to a 5.8% growth forecast for the Integrated Utilities industry in the United Kingdom.株主還元0HR4GB Integrated UtilitiesGB 市場7D0.9%-1.2%0.5%1Y3.3%19.7%18.0%株主還元を見る業界別リターン: 0HR4過去 1 年間で19.7 % の収益を上げたUK Integrated Utilities業界を下回りました。リターン対市場: 0HR4は、過去 1 年間で18 % のリターンを上げたUK市場を下回りました。価格変動Is 0HR4's price volatile compared to industry and market?0HR4 volatility0HR4 Average Weekly Movement2.4%Integrated Utilities Industry Average Movement4.2%Market Average Movement5.7%10% most volatile stocks in GB Market12.0%10% least volatile stocks in GB Market3.1%安定した株価: 0HR4 、 UK市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 0HR4の 週次ボラティリティ ( 2% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19878,350Garrick Rochowwww.cmsenergy.comCMSエナジー・コーポレーションは、主にミシガン州でエネルギー会社として事業を展開している。同社は3つのセグメントで事業を展開している：電気事業、ガス事業、NorthStar Clean Energyである。電気事業は発電、購入、配電、販売に従事している。この部門は、石炭、風力、ガス、再生可能エネルギー、石油、原子力による発電を行っている。配電システムは、263マイルの高圧配電架空線、4マイルの高圧配電地下線、4,619マイルの高圧配電架空線、18マイルの高圧配電地下線、82,854マイルの配電架空線、10,027マイルの配電地下線、1,102の変電所から成る。ガス事業部門は、天然ガスの購入、送電、貯蔵、配給、販売に従事しており、2,337マイルの送電線、14のガス貯蔵フィールド、28,433マイルの配電本管、8つのコンプレッサーステーションが含まれる。ノーススター・クリーン・エナジー部門は、再生可能発電の開発・運営を含む、独立系電力の生産・販売に携わっている。同社は、住宅、商業、多角的産業顧客を含む190万人の電気、180万人のガス顧客にサービスを提供している。同社は1987年に法人化され、ミシガン州ジャクソンに本社を置いている。もっと見るCMS Energy Corporation 基礎のまとめCMS Energy の収益と売上を時価総額と比較するとどうか。0HR4 基礎統計学時価総額US$22.65b収益（TTM）US$1.10b売上高(TTM)US$8.82b20.5xPER（株価収益率2.6xP/Sレシオ0HR4 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計0HR4 損益計算書（TTM）収益US$8.82b売上原価US$5.25b売上総利益US$3.58bその他の費用US$2.48b収益US$1.10b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）3.55グロス・マージン40.55%純利益率12.43%有利子負債／自己資本比率187.2%0HR4 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.1%現在の配当利回り61%配当性向0HR4 配当は確実ですか？0HR4 配当履歴とベンチマークを見る0HR4 、いつまでに購入すれば配当金を受け取れますか？CMS Energy 配当日配当落ち日May 08 2026配当支払日May 29 2026配当落ちまでの日数14 days配当支払日までの日数7 days0HR4 配当は確実ですか？0HR4 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 15:09終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CMS Energy Corporation 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。29 アナリスト機関Jacob KilsteinArgus Research CompanyDavid ParkerBairdDaniel FordBarclays26 その他のアナリストを表示
お知らせ • May 15CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • Apr 28First quarter 2026 earnings released: EPS: US$1.10 (vs US$1.01 in 1Q 2025)First quarter 2026 results: EPS: US$1.10 (up from US$1.01 in 1Q 2025). Revenue: US$2.73b (up 12% from 1Q 2025). Net income: US$338.0m (up 12% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
Declared Dividend • Apr 26Fourth quarter dividend of US$0.57 announcedShareholders will receive a dividend of US$0.57. Ex-date: 8th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 21CMS Energy Announces Quarterly Dividend on Common Stock, Payable on May 29, 2026The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 57 cents per share. It is payable on May 29, 2026, to shareholders of record on May 8, 2026.
お知らせ • Apr 08CMS Energy Corporation to Report Q1, 2026 Results on Apr 28, 2026CMS Energy Corporation announced that they will report Q1, 2026 results at 10:00 AM, Eastern Daylight on Apr 28, 2026
お知らせ • Mar 16CMS Energy Corporation, Annual General Meeting, May 08, 2026CMS Energy Corporation, Annual General Meeting, May 08, 2026.
お知らせ • May 15CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $3 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • Apr 28First quarter 2026 earnings released: EPS: US$1.10 (vs US$1.01 in 1Q 2025)First quarter 2026 results: EPS: US$1.10 (up from US$1.01 in 1Q 2025). Revenue: US$2.73b (up 12% from 1Q 2025). Net income: US$338.0m (up 12% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
Declared Dividend • Apr 26Fourth quarter dividend of US$0.57 announcedShareholders will receive a dividend of US$0.57. Ex-date: 8th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 21CMS Energy Announces Quarterly Dividend on Common Stock, Payable on May 29, 2026The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock (CUSIP: 125896100) is 57 cents per share. It is payable on May 29, 2026, to shareholders of record on May 8, 2026.
お知らせ • Apr 08CMS Energy Corporation to Report Q1, 2026 Results on Apr 28, 2026CMS Energy Corporation announced that they will report Q1, 2026 results at 10:00 AM, Eastern Daylight on Apr 28, 2026
お知らせ • Mar 16CMS Energy Corporation, Annual General Meeting, May 08, 2026CMS Energy Corporation, Annual General Meeting, May 08, 2026.
Recent Insider Transactions • Feb 27Independent Chairman of the Board recently sold US$1.1m worth of stockOn the 20th of February, John Russell sold around 15k shares on-market at roughly US$75.76 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.
お知らせ • Feb 20CMS Energy and Consumers Energy Announces Board Changes, Effective February 20, 2026CMS Energy announced that Diane Leopold, retired executive vice president and chief operating officer at Dominion Energy, Inc, has been elected to the CMS Energy and Consumers Energy boards of directors, effective February 20, 2026. Leopold joined Dominion, a regulated public electric utility, in 1995 and served in a wide variety of positions of increasing responsibility until being named executive vice president and co-chief operating officer in 2019, a position she held until her appointment as executive vice president and chief operating officer in 2020. She brings over three decades of utility experience to the CMS Energy and Consumers Energy board of directors. Leopold holds a bachelor of science in electrical and mechanical engineering from the University of Sussex, a master's in electrical engineering from George Washington University and a master's in business administration from Virginia Commonwealth University. She currently serves on the boards of nVent Electric plc, Markel Group Inc., World Pediatrics and the Atlantic Council. Leopold will serve on the Compensation and Human Resources Committee and the Finance Committee for each of the CMS Energy and Consumers Energy boards. Richard Keyes first joined Meijer in 1989 and has held roles of increasing responsibility across the business, including Pharmacy, Retail Operations, and Supply Chain & Manufacturing. He was elected as president in 2015, a position he held until 2017, when he was elected chief executive officer. Keyes brings with him to the CMS Energy and Consumers Energy boards of directors over 35 years of broad operational, strategic and leadership experience in the business community. CMS Energy announces that Richard Keyes, president and chief executive officer of Meijer, Inc, has also been elected to the CMS Energy and Consumers Energy boards of directors, effective February 20, 2026. Keyes received his bachelor of science pharmacy degree from Ohio Northern University. He serves on the boards of Business Leaders for Michigan, and National Association of Chain Drug Stores. He is the vice chair of Retail Leaders Association and The Right Place and is the board chair of Ohio Northern University, FMI Foundation and The Federal Reserve Bank of Chicago-Detroit Branch. Leopold has been appointed to serve on the Compensation and Human Resources Committee and the Finance Committee and Keyes has been appointed to serve on the Audit Committee and Governance, Sustainability and Public Responsibility Committee of the Boards.
お知らせ • Feb 12CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $100 million.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common Stock
Declared Dividend • Feb 07Fourth quarter dividend increased to US$0.57Dividend of US$0.57 is 5.1% higher than last year. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 06Full year 2025 earnings released: EPS: US$3.53 (vs US$3.33 in FY 2024)Full year 2025 results: EPS: US$3.53 (up from US$3.33 in FY 2024). Revenue: US$8.54b (up 14% from FY 2024). Net income: US$1.06b (up 6.8% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Feb 05CMS Energy Corporation Increases Quarterly Dividend on Common Stock, Payable on February 27, 2026The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock to 57 cents per share, up from 54.25 cents per share. The first quarter dividend for the common stock is payable February 27, 2026, to shareholders of record February 17, 2026.
お知らせ • Jan 16CMS Energy Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026CMS Energy Corporation announced that they will report fiscal year 2025 results at 10:00 AM, US Eastern Standard Time on Feb 05, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$0.92 (vs US$0.84 in 3Q 2024)Third quarter 2025 results: EPS: US$0.92 (up from US$0.84 in 3Q 2024). Revenue: US$2.02b (up 16% from 3Q 2024). Net income: US$275.0m (up 9.6% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.
Declared Dividend • Oct 27Second quarter dividend of US$0.54 announcedShareholders will receive a dividend of US$0.54. Ex-date: 7th November 2025 Payment date: 26th November 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 21CMS Energy Declares Quarterly Dividend on Common Stock, Payable on November 26, 2025The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 54.25 cents per share. It is payable November 26, 2025, to shareholders of record on November 7, 2025.
お知らせ • Oct 15CMS Energy Corporation to Report Q3, 2025 Results on Oct 30, 2025CMS Energy Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025
お知らせ • Sep 18Consumers Energy Appoints Shannon Thomas as Senior Vice President and Chief People Officer, Effective September 29Consumers Energy announced Shannon Thomas as the company's senior vice president and chief people officer, effective September 29. Thomas joins Consumers Energy after serving as chief human resources officer at EnerSys, an energy storage and systems company. She has also held senior leadership roles at The Chemours Company, Owens Corning and Danaher building expertise across global manufacturing, technology and industrials sectors. She is known for elevating the people function in organizations to drive measurable business outcomes and for fostering strong community connections in the places where she works and lives. Thomas holds a bachelor's degree in human resources management from Marietta College and a Master of Business Administration from University of Houston – Clear Lake.
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: US$0.66 (vs US$0.66 in 2Q 2024)Second quarter 2025 results: EPS: US$0.66 (up from US$0.66 in 2Q 2024). Revenue: US$1.84b (up 14% from 2Q 2024). Net income: US$198.0m (up 1.5% from 2Q 2024). Profit margin: 11% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 28First quarter dividend of US$0.54 announcedShareholders will receive a dividend of US$0.54. Ex-date: 8th August 2025 Payment date: 29th August 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 22CMS Energy Declares Quarterly Dividend on Common Stock, Payable on August 29, 2025The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 54.25 cents per share. It is payable August 29, 2025, to shareholders of record on August 8, 2025.
お知らせ • Jul 11CMS Energy Corporation to Report Q2, 2025 Results on Jul 31, 2025CMS Energy Corporation announced that they will report Q2, 2025 results on Jul 31, 2025
New Risk • May 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$951k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$951k sold).
Upcoming Dividend • May 05Upcoming dividend of US$0.54 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (5.2%).
Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: US$1.01 (vs US$0.96 in 1Q 2024)First quarter 2025 results: EPS: US$1.01 (up from US$0.96 in 1Q 2024). Revenue: US$2.45b (up 13% from 1Q 2024). Net income: US$302.0m (up 6.0% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 20Fourth quarter dividend of US$0.54 announcedShareholders will receive a dividend of US$0.54. Ex-date: 9th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 14CMS Energy Declares Quarterly Dividend on Common Stock, Payable on May 30, 2025The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 54.25 cents per share. It is payable May 30, 2025, to shareholders of record on May 9, 2025.
お知らせ • Apr 04CMS Energy Corporation to Report Q1, 2025 Results on Apr 24, 2025CMS Energy Corporation announced that they will report Q1, 2025 results on Apr 24, 2025
お知らせ • Mar 21CMS Energy Corporation, Annual General Meeting, May 02, 2025CMS Energy Corporation, Annual General Meeting, May 02, 2025.
Declared Dividend • Feb 10Fourth quarter dividend increased to US$0.54Dividend of US$0.54 is 5.3% higher than last year. Ex-date: 14th February 2025 Payment date: 28th February 2025 Dividend yield will be 3.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Full year 2024 earnings released: EPS: US$3.33 (vs US$3.01 in FY 2023)Full year 2024 results: EPS: US$3.33 (up from US$3.01 in FY 2023). Revenue: US$7.52b (flat on FY 2023). Net income: US$993.0m (up 13% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 06CMS Energy Announces Quarterly Dividend on Common Stock , Payable on February 28, 2025CMS Energy increased the quarterly dividend on the company's common stock to 54.25 cents per share, up from 51.50 cents per share. The first quarter dividend for the common stock is payable on February 28, 2025, to shareholders of record February 17, 2025.
お知らせ • Jan 17CMS Energy Corporation to Report Fiscal Year 2024 Results on Feb 06, 2025CMS Energy Corporation announced that they will report fiscal year 2024 results on Feb 06, 2025
Recent Insider Transactions • Dec 21Independent Chairman of the Board recently sold US$1.9m worth of stockOn the 19th of December, John Russell sold around 29k shares on-market at roughly US$65.85 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.
New Risk • Nov 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.84 (vs US$0.60 in 3Q 2023)Third quarter 2024 results: EPS: US$0.84 (up from US$0.60 in 3Q 2023). Revenue: US$1.74b (up 4.2% from 3Q 2023). Net income: US$251.0m (up 44% from 3Q 2023). Profit margin: 14% (up from 10% in 3Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.
Declared Dividend • Oct 27Second quarter dividend of US$0.52 announcedShareholders will receive a dividend of US$0.52. Ex-date: 13th November 2024 Payment date: 27th November 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 11CMS Energy Corporation to Report Q3, 2024 Results on Oct 31, 2024CMS Energy Corporation announced that they will report Q3, 2024 results on Oct 31, 2024
Declared Dividend • Jul 29Second quarter dividend of US$0.52 announcedShareholders will receive a dividend of US$0.52. Ex-date: 2nd August 2024 Payment date: 30th August 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.65 (vs US$0.67 in 2Q 2023)Second quarter 2024 results: EPS: US$0.65. Revenue: US$1.61b (up 3.3% from 2Q 2023). Net income: US$195.0m (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Integrated Utilities industry in Europe.
お知らせ • Jul 23CMS Energy Declares Quarterly Dividend on Common Stock, Payable on August 30, 2024CMS Energy declared quarterly dividend on common stock. The dividend for the common stock is 51.50 cents per share. It is payable August 30, 2024, to shareholders of record on August 2, 2024.
Declared Dividend • Apr 29First quarter dividend of US$0.52 announcedShareholders will receive a dividend of US$0.52. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.96 (vs US$0.69 in 1Q 2023)First quarter 2024 results: EPS: US$0.96 (up from US$0.69 in 1Q 2023). Revenue: US$2.18b (down 4.7% from 1Q 2023). Net income: US$285.0m (up 41% from 1Q 2023). Profit margin: 13% (up from 8.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.
お知らせ • Apr 05CMS Energy Corporation to Report Q1, 2024 Results on Apr 25, 2024CMS Energy Corporation announced that they will report Q1, 2024 results on Apr 25, 2024
お知らせ • Mar 24CMS Energy Corporation, Annual General Meeting, May 03, 2024CMS Energy Corporation, Annual General Meeting, May 03, 2024, at 11:45 US Eastern Standard Time.
New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
Declared Dividend • Feb 04Fourth quarter dividend increased to US$0.52Dividend of US$0.52 is 5.6% higher than last year. Ex-date: 9th February 2024 Payment date: 29th February 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 02Full year 2023 earnings released: EPS: US$3.01 (vs US$2.84 in FY 2022)Full year 2023 results: EPS: US$3.01 (up from US$2.84 in FY 2022). Revenue: US$7.46b (down 13% from FY 2022). Net income: US$876.0m (up 6.4% from FY 2022). Profit margin: 12% (up from 9.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat.
お知らせ • Feb 01CMS Energy Corporation Increases Quarterly Dividend, Payable on February 29, 2024The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock to 51.50 cents per share, up from 48.75 cents per share. The first quarter dividend for the common stock is payable February 29, 2024, to shareholders of record February 12, 2024.
お知らせ • Jan 12CMS Energy Corporation to Report Fiscal Year 2023 Results on Feb 01, 2024CMS Energy Corporation announced that they will report fiscal year 2023 results at 9:30 AM, US Eastern Standard Time on Feb 01, 2024
Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Director Ralph Izzo was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 08CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $1 billion.CMS Energy Corporation has filed a Follow-on Equity Offering in the amount of $1 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
New Risk • Nov 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$1.3m sold).
Recent Insider Transactions • Nov 04Independent Chairman of the Board recently sold US$1.1m worth of stockOn the 2nd of November, John Russell sold around 19k shares on-market at roughly US$55.53 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.
お知らせ • Oct 29CMS Energy Provides Earnings Guidance for the Full Year 2023 and 2024CMS Energy provides earnings guidance for the full year 2023. The company expects full year guidance of $3.06 to $3.12 per share and expect to deliver toward the high end. For 2024, the company is initiating full year guidance at $3.27 to $3.33 per share reflecting 6% to 8% growth off the midpoint of this year's range.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.60 (vs US$0.56 in 3Q 2022)Third quarter 2023 results: EPS: US$0.60 (up from US$0.56 in 3Q 2022). Revenue: US$1.67b (down 17% from 3Q 2022). Net income: US$174.0m (up 6.7% from 3Q 2022). Profit margin: 10% (up from 8.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Integrated Utilities industry in Europe.
お知らせ • Oct 21CMS Energy Corporation Declares Quarterly Dividend, Payable on November 30, 2023The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. The dividend for the common stock is 48.75 cents per share. It is payable November 30, 2023, to shareholders of record on November 3, 2023.
お知らせ • Oct 06CMS Energy Corporation to Report Q3, 2023 Results on Oct 26, 2023CMS Energy Corporation announced that they will report Q3, 2023 results on Oct 26, 2023
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: US$0.67 (vs US$0.50 in 2Q 2022)Second quarter 2023 results: EPS: US$0.67 (up from US$0.50 in 2Q 2022). Revenue: US$1.56b (down 19% from 2Q 2022). Net income: US$194.0m (up 34% from 2Q 2022). Profit margin: 13% (up from 7.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year.
お知らせ • Jul 23Cms Energy Declares Quarterly Dividend on Common Stock, Payable on August 31, 2023CMS Energy declared quarterly dividend on common stock. The dividend for the common stock is 48.75 cents per share. It is payable August 31, 2023, to shareholders of record on August 4, 2023.
お知らせ • May 16Cms Energy Announces Ralph Izzo to Join Board of DirectorsRalph Izzo, retired chairman, president and CEO of Public Service Enterprise Group (PSEG), has been elected to the CMS Energy and Consumers Energy boards of directors effective May 15, 2023. He has more than 30 years in the energy field, including general management, strategic planning and public policy. Izzo also is an influential voice for clean energy. PSEG is a publicly traded diversified energy holding company. Izzo served as PSEG's executive chair, president and chief operating officer and was a member of its board of directors from 2007 until 2022. Previously, Izzo was president and chief operating officer of Public Service Electric and Gas Company (PSE&G), an operating subsidiary of PSEG. Izzo joined PSE&G in 1992 and held several executive positions within the PSEG family of companies. Izzo holds Bachelor of Science and Master of Science degrees in mechanical engineering and a Doctorate in applied physics from Columbia University. He also holds a Master of Business Administration (MBA) from Rutgers Business School. Izzo serves on several boards and committees, including Ovintiv Inc, the Bank of New York Mellon and TerraPower, a nuclear innovation company. He is a member of the U.S. Department of Energy'sFusion Energy Sciences Advisory Committee and the Liberty Science Center board of trustees. Izzo is also involved in several educational and community organizations. Izzo will serve on the Audit Committee and Finance Committee for each of the CMS Energy and Consumers Energy boards.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: US$0.69 (vs US$1.20 in 1Q 2022)First quarter 2023 results: EPS: US$0.69 (down from US$1.20 in 1Q 2022). Revenue: US$2.28b (down 3.8% from 1Q 2022). Net income: US$202.0m (down 42% from 1Q 2022). Profit margin: 8.8% (down from 15% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
Recent Insider Transactions • Mar 18Senior Vice President of Governmental recently sold US$150k worth of stockOn the 13th of March, Brandon Hofmeister sold around 3k shares on-market at roughly US$60.00 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$932k more than they bought in the last 12 months.
Recent Insider Transactions • Feb 15Senior VP & General Counsel recently sold US$50k worth of stockOn the 13th of February, Shaun Johnson sold around 814 shares on-market at roughly US$61.74 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months.
Reported Earnings • Feb 05Full year 2022 earnings released: EPS: US$2.84 (vs US$2.58 in FY 2021)Full year 2022 results: EPS: US$2.84 (up from US$2.58 in FY 2021). Revenue: US$8.60b (up 17% from FY 2021). Net income: US$823.0m (up 10% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Feb 03CMS Energy Increases Quarterly Dividend, Payable Feb. 28, 2023The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock to 48.75 cents per share, up from 46 cents per share. The first quarter dividend for the common stock is payable Feb. 28, 2023, to shareholders of record Feb. 13, 2023.
Board Change • Jan 17Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. President, CEO & Director Garrick Rochow was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 13CMS Energy Corporation to Report Q4, 2022 Results on Feb 02, 2023CMS Energy Corporation announced that they will report Q4, 2022 results on Feb 02, 2023
Board Change • Dec 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Garrick Rochow was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Nov 03Chief Accounting Officer recently sold US$50k worth of stockOn the 31st of October, Scott McIntosh sold around 875 shares on-market at roughly US$57.17 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$999k more than they bought in the last 12 months.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: US$0.56 (vs US$0.54 in 3Q 2021)Third quarter 2022 results: EPS: US$0.56 (up from US$0.54 in 3Q 2021). Revenue: US$2.02b (up 17% from 3Q 2021). Net income: US$163.0m (up 4.5% from 3Q 2021). Profit margin: 8.1% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 02Second quarter 2022 earnings released: EPS: US$0.50 (vs US$0.55 in 2Q 2021)Second quarter 2022 results: EPS: US$0.50 (down from US$0.55 in 2Q 2021). Revenue: US$1.92b (up 23% from 2Q 2021). Net income: US$145.0m (down 8.2% from 2Q 2021). Profit margin: 7.6% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.4% compared to a 4.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.50 (vs US$0.55 in 2Q 2021)Second quarter 2022 results: EPS: US$0.50 (down from US$0.55 in 2Q 2021). Revenue: US$1.92b (up 23% from 2Q 2021). Net income: US$145.0m (down 8.2% from 2Q 2021). Profit margin: 7.6% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.9% compared to a 7.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.
Recent Insider Transactions • Jun 11Independent Director recently sold US$88k worth of stockOn the 9th of June, Jon Barfield sold around 1k shares on-market at roughly US$69.44 per share. In the last 3 months, there was an even bigger sale from another insider worth US$431k. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 02Chief Accounting Officer recently sold US$50k worth of stockOn the 31st of May, Scott McIntosh sold around 703 shares on-market at roughly US$71.21 per share. In the last 3 months, there was an even bigger sale from another insider worth US$431k. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.
Recent Insider Transactions • May 13Senior Vice President of Strategy recently sold US$69k worth of stockOn the 11th of May, Venkat Rao sold around 1k shares on-market at roughly US$69.20 per share. In the last 3 months, there was an even bigger sale from another insider worth US$431k. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.
Reported Earnings • May 03First quarter 2022 earnings released: EPS: US$1.20 (vs US$1.09 in 1Q 2021)First quarter 2022 results: EPS: US$1.20 (up from US$1.09 in 1Q 2021). Revenue: US$2.37b (up 18% from 1Q 2021). Net income: US$347.0m (up 10% from 1Q 2021). Profit margin: 15% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.0% compared to a 1.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Recent Insider Transactions • Mar 23Insider recently sold US$431k worth of stockOn the 14th of March, Catherine Hendrian sold around 7k shares on-market at roughly US$66.09 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.5m more than they bought in the last 12 months.
Reported Earnings • Feb 04Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$2.58 (down from US$2.65 in FY 2020). Revenue: US$7.33b (up 9.7% from FY 2020). Net income: US$746.0m (down 1.2% from FY 2020). Profit margin: 10% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is expected to shrink by 1.9% compared to a 2.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Upcoming Dividend • Feb 03Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 10 February 2022. Payment date: 28 February 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (4.2%). Lower than average of industry peers (3.6%).
Recent Insider Transactions • Nov 23Senior VP & Chief Customer Officer recently sold US$211k worth of stockOn the 17th of November, Brian Rich sold around 4k shares on-market at roughly US$60.32 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.2m more than they bought in the last 12 months.
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS US$0.54 (vs US$0.76 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$1.73b (up 9.5% from 3Q 2020). Net income: US$156.0m (down 28% from 3Q 2020). Profit margin: 9.0% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.
Executive Departure • Sep 07VP & Chief Accounting Officer Glenn Barba has left the companyOn the 1st of September, Glenn Barba's tenure as VP & Chief Accounting Officer ended after 18.6 years in the role. As of June 2021, Glenn still personally held 39.81k shares (US$2.4m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.42 years.
Recent Insider Transactions • Aug 26Independent Director recently sold US$264k worth of stockOn the 23rd of August, Jon Barfield sold around 4k shares on-market at roughly US$64.08 per share. In the last 3 months, there was an even bigger sale from another insider worth US$808k. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months.
Recent Insider Transactions • Aug 08Insider recently sold US$502k worth of stockOn the 5th of August, Catherine Hendrian sold around 8k shares on-market at roughly US$62.80 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months.
Reported Earnings • Aug 01Second quarter 2021 earnings released: EPS US$0.55 (vs US$0.45 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$1.56b (up 13% from 2Q 2020). Net income: US$158.0m (up 23% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.
Upcoming Dividend • Jul 29Upcoming dividend of US$0.43 per shareEligible shareholders must have bought the stock before 05 August 2021. Payment date: 31 August 2021. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (4.1%).
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS US$1.21 (vs US$0.86 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$2.08b (up 12% from 1Q 2020). Net income: US$349.0m (up 44% from 1Q 2020). Profit margin: 17% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Apr 29Upcoming dividend of US$0.43 per shareEligible shareholders must have bought the stock before 06 May 2021. Payment date: 28 May 2021. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (4.0%).
Recent Insider Transactions • Mar 16Senior Vice President of Transformation recently sold US$172k worth of stockOn the 10th of March, Jean-Francois Brossoit sold around 3k shares on-market at roughly US$57.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.2m more than they bought in the last 12 months.
Reported Earnings • Feb 06Full year 2020 earnings released: EPS US$2.65 (vs US$2.40 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$6.68b (down 2.4% from FY 2019). Net income: US$755.0m (up 11% from FY 2019). Profit margin: 11% (up from 9.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.
Analyst Estimate Surprise Post Earnings • Feb 06Revenue misses expectationsRevenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 4.9%, compared to a 5.8% growth forecast for the Integrated Utilities industry in the United Kingdom.
