CMS Energy
Market Cap
US$17.5b
Last Updated
2019/08/19 23:34 UTC
Data Sources
Company Financials +
Executive Summary
CMS Energy Corporation operates as an energy company primarily in Michigan.
Snowflake
Fundamentals
Established dividend payer with acceptable track record.
Similar Companies
Share Price & News
How has CMS Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.7%
NYSE:CMS
2.2%
US Integrated Utilities
0.9%
US Market
1 Year Return
23.7%
NYSE:CMS
13.4%
US Integrated Utilities
0.3%
US Market
CMS outperformed the Integrated Utilities industry which returned 12.2% over the past year.
CMS outperformed the Market in United States of America which returned -0.5% over the past year.
Share holder returns
| CMS | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 2.2% | 0.9% |
| 30 Day | 5.7% | 1.1% | -1.9% |
| 90 Day | 9.3% | 3.6% | 1.6% |
| 1 Year | 27.3%23.7% | 17.4%13.4% | 2.6%0.3% |
| 3 Year | 55.8%42.6% | 36.4%22.7% | 41.0%31.8% |
| 5 Year | 137.9%104.3% | 72.0%38.2% | 55.2%38.0% |
Price Volatility Vs. Market
How volatile is CMS Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
This Insider Has Just Sold Shares In CMS Energy Corporation (NYSE:CMS)1 week ago | Simply Wall St
Taking A Look At CMS Energy Corporation's (NYSE:CMS) ROE2 weeks ago | Simply Wall St
Is CMS Energy Corporation's (NYSE:CMS) Capital Allocation Ability Worth Your Time?Valuation
Is CMS Energy undervalued based on future cash flows and its price relative to the stock market?
29.86x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
CMS Energy's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
CMS Energy's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
CMS Energy is overvalued based on earnings compared to the US Integrated Utilities industry average.
CMS Energy is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
CMS Energy is poor value based on expected growth next year.
Price Based on Value of Assets
CMS Energy is overvalued based on assets compared to the US Integrated Utilities industry average.
Next Steps
Future Growth
How is CMS Energy expected to perform in the next 1 to 3 years based on estimates from 13 analysts?
8.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
CMS Energy's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
CMS Energy's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
CMS Energy's revenue growth is positive but not above the United States of America market average.
CMS Energy's earnings growth is positive but not above the United States of America market average.
CMS Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
CMS Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has CMS Energy performed over the past 5 years?
4.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
CMS Energy's year on year earnings growth rate has been positive over the past 5 years.
CMS Energy's 1-year earnings growth exceeds its 5-year average (6.2% vs 4.2%)
CMS Energy's earnings growth has exceeded the US Integrated Utilities industry average in the past year (6.2% vs -11.4%).
Return on Equity
CMS Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
CMS Energy used its assets less efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
Return on Capital Employed
CMS Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is CMS Energy's financial position?
Financial Position Analysis
CMS Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
CMS Energy's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
CMS Energy's level of debt (252.2%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (216.2% vs 252.2% today).
Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.2x debt.
Next Steps
Dividend
What is CMS Energy's current dividend yield, its reliability and sustainability?
2.71%
Expected Dividend Yield
Dividend Yield and Payments Analysis
CMS Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
CMS Energy's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.4x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Next Steps
Management
What is the CEO of CMS Energy's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Patti Poppe (50yo)
3.1yrs
Tenure
US$8,091,185
Compensation
Ms. Patricia Kessler Poppe, also known as Patti, has been the Chief Executive Officer and President at CMS Energy Corp. and Consumers Energy Company since July 01, 2016. Ms. Poppe served as an Senior Vice  ...
CEO Compensation Analysis
Patti's remuneration is about average for companies of similar size in United States of America.
Patti's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
2.7yrs
Average Tenure
44yo
Average Age
The tenure for the CMS Energy management team is about average.
Board Age and Tenure
4.6yrs
Average Tenure
62.5yo
Average Age
The tenure for the CMS Energy board of directors is about average.
Insider Trading
CMS Energy individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Technology Officer Senior VP of Customer Experience & Technology and Chief Information Officer |
| Shares | 4,000 |
| Max Price | US$59.70 |
| Entity | Individual |
| Role | Head of Human Resources Senior Vice President of Human Resources |
| Shares | 1,753 |
| Max Price | US$56.96 |
| Entity | Individual |
| Shares | 6,203 |
| Max Price | US$54.63 |
| Entity | Individual |
| Role | Chief Accounting Officer VP, Controller & Chief Accounting Officer |
| Shares | 8,500 |
| Max Price | US$54.95 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board |
| Shares | 16,800 |
| Max Price | US$55.35 |
| Entity | Individual |
| Shares | 8,187 |
| Max Price | US$53.02 |
| Entity | Individual |
| Role | Head of Corporate Communications Senior Vice President of Governmental |
| Shares | 500 |
| Max Price | US$51.88 |
| Entity | Individual |
| Role | Chief Technology Officer Senior VP of Customer Experience & Technology and Chief Information Officer |
| Shares | 4,000 |
| Max Price | US$49.69 |
Ownership Breakdown
Management Team
Glenn Barba (53yo)
VP, Controller & Chief Accounting Officer
- Tenure: 16.5yrs
Garrick Rochow (44yo)
Senior Vice President of Operations
- Tenure: 2.1yrs
- Compensation: US$1.85m
Patti Poppe (50yo)
President
- Tenure: 3.1yrs
- Compensation: US$8.09m
Rejji Hayes (44yo)
Executive VP & CFO
- Tenure: 2.3yrs
- Compensation: US$2.51m
Brian Rich (44yo)
Senior VP of Customer Experience & Technology and Chief Information Officer
- Tenure: 3.1yrs
- Compensation: US$1.49m
Melissa Gleespen (51yo)
VP, Chief Compliance Officer & Corporate Secretary
- Tenure: 3.6yrs
Cathy Hendrian (50yo)
Senior Vice President of Human Resources
- Tenure: 2.3yrs
Brandon Hofmeister (42yo)
Senior Vice President of Governmental
- Tenure: 2.1yrs
Shaun Johnson
Senior VP & General Counsel
- Tenure: 0.3yrs
Sri Maddipati (36yo)
VP of Investor Relations & Treasurer
- Tenure: 3.6yrs
Board Members
Bill Harvey (70yo)
Presiding Director
- Tenure: 3.3yrs
- Compensation: US$275.00k
Jon Barfield (67yo)
Director
- Tenure: 14.0yrs
- Compensation: US$240.00k
John Russell (61yo)
Chairman of the Board
- Tenure: 3.3yrs
- Compensation: US$386.00k
Steven Ewing (75yo)
Director
- Tenure: 10.1yrs
- Compensation: US$250.00k
Deborah Butler (65yo)
Director
- Tenure: 4.6yrs
- Compensation: US$235.00k
Kurt Darrow (64yo)
Director
- Tenure: 5.8yrs
- Compensation: US$250.00k
John Sznewajs (51yo)
Director
- Tenure: 4.1yrs
- Compensation: US$240.00k
Laura Wright (59yo)
Director
- Tenure: 6.5yrs
- Compensation: US$255.00k
Patti Poppe (50yo)
President
- Tenure: 3.1yrs
- Compensation: US$8.09m
Myrna Soto (50yo)
Director
- Tenure: 4.6yrs
- Compensation: US$240.00k
Company Information
CMS Energy Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: CMS Energy Corporation
- Ticker: CMS
- Exchange: NYSE
- Founded: 1987
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$17.472b
- Shares outstanding: 283.77m
- Website: https://www.cmsenergy.com
Number of Employees
Location
- CMS Energy Corporation
- One Energy Plaza
- Jackson
- Michigan
- 49201
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CMS | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1968 |
| CSG | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1968 |
| 0HR4 | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1968 |
Biography
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved  ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/19 23:34 |
| End of Day Share Price | 2019/08/19 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.