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CMS Energy

NYSE:CMS
Snowflake Description

Established dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMS
NYSE
$17B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

CMS Energy Corporation operates as an energy company primarily in Michigan. The last earnings update was 82 days ago. More info.


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CMS Share Price and Events
7 Day Returns
-0.8%
NYSE:CMS
0.2%
US Integrated Utilities
1.1%
US Market
1 Year Returns
22.7%
NYSE:CMS
16.3%
US Integrated Utilities
4.7%
US Market
CMS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CMS Energy (CMS) -0.8% -0.6% 8% 22.7% 29.8% 91.7%
US Integrated Utilities 0.2% 0.8% 6.2% 16.3% 18.4% 37.4%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • CMS outperformed the Integrated Utilities industry which returned 16.3% over the past year.
  • CMS outperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
CMS
Industry
5yr Volatility vs Market

CMS Value

 Is CMS Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for CMS Energy. This is due to cash flow or dividend data being unavailable. The share price is $58.4.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CMS Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CMS Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CMS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.23
NYSE:CMS Share Price ** NYSE (2019-07-16) in USD $58.4
United States of America Integrated Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Integrated Utilities Companies 20.37x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CMS Energy.

NYSE:CMS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CMS Share Price ÷ EPS (both in USD)

= 58.4 ÷ 2.23

26.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does CMS Energy's expected growth come at a high price?
Raw Data
NYSE:CMS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
7.9%per year
United States of America Integrated Utilities Industry PEG Ratio Median Figure of 14 Publicly-Listed Integrated Utilities Companies 3.06x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:CMS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.23x ÷ 7.9%

3.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CMS Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CMS Energy's assets?
Raw Data
NYSE:CMS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.12
NYSE:CMS Share Price * NYSE (2019-07-16) in USD $58.4
United States of America Integrated Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Integrated Utilities Companies 2.25x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:CMS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CMS Share Price ÷ Book Value per Share (both in USD)

= 58.4 ÷ 17.12

3.41x

* Primary Listing of CMS Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CMS Energy is overvalued based on assets compared to the US Integrated Utilities industry average.
X
Value checks
We assess CMS Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check)
  5. CMS Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CMS Future Performance

 How is CMS Energy expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CMS Energy expected to grow at an attractive rate?
  • CMS Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CMS Energy's earnings growth is positive but not above the United States of America market average.
  • CMS Energy's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CMS Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CMS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 7.9%
NYSE:CMS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 2.3%
United States of America Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United States of America Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CMS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CMS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,702 2,243 970 1
2022-12-31 7,485 2,108 887 2
2021-12-31 7,371 2,016 826 9
2020-12-31 7,152 1,900 766 13
2019-12-31 7,000 1,850 710 13
NYSE:CMS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 6,979 1,612 629
2018-12-31 6,873 1,703 657
2018-09-30 6,822 2,071 546
2018-06-30 6,750 2,002 549
2018-03-31 6,707 1,767 502
2017-12-31 6,583 1,705 460
2017-09-30 6,445 1,587 540
2017-06-30 6,505 1,647 554
2017-03-31 6,427 1,643 586
2016-12-31 6,399 1,629 551
2016-09-30 6,268 1,461 580
2016-06-30 6,167 1,479 542

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CMS Energy's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • CMS Energy's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CMS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from CMS Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CMS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.29 3.29 3.29 1.00
2022-12-31 3.07 3.08 3.07 3.00
2021-12-31 2.87 2.90 2.83 7.00
2020-12-31 2.68 2.76 2.59 11.00
2019-12-31 2.50 2.52 2.47 11.00
NYSE:CMS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.23
2018-12-31 2.33
2018-09-30 1.94
2018-06-30 1.95
2018-03-31 1.79
2017-12-31 1.64
2017-09-30 1.93
2017-06-30 1.99
2017-03-31 2.10
2016-12-31 1.98
2016-09-30 2.09
2016-06-30 1.96

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CMS Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CMS Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CMS Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CMS Past Performance

  How has CMS Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CMS Energy's growth in the last year to its industry (Integrated Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (25.3% vs 4%)
  • CMS Energy's earnings growth has exceeded the US Integrated Utilities industry average in the past year (25.3% vs -7%).
Earnings and Revenue History
CMS Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CMS Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CMS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 6,979.00 629.00 -89.00
2018-12-31 6,873.00 657.00 -90.00
2018-09-30 6,822.00 546.00 -82.00
2018-06-30 6,750.00 549.00 -63.00
2018-03-31 6,707.00 502.00 -45.00
2017-12-31 6,583.00 460.00 -24.00
2017-09-30 6,445.00 540.00 -20.00
2017-06-30 6,505.00 554.00 -28.00
2017-03-31 6,427.00 586.00 -34.00
2016-12-31 6,399.00 551.00 -41.00
2016-09-30 6,268.00 580.00 -31.00
2016-06-30 6,167.00 542.00 -20.00
2016-03-31 6,146.00 485.00 -10.00
2015-12-31 6,456.00 523.00 15.00
2015-09-30 6,705.00 513.00
2015-06-30 6,649.00 459.00
2015-03-31 6,767.00 475.00
2014-12-31 7,179.00 477.00
2014-09-30 7,157.00 483.00
2014-06-30 7,172.00 515.00
2014-03-31 7,110.00 512.00
2013-12-31 6,566.00 452.00
2013-09-30 6,500.00 417.00
2013-06-30 6,562.00 439.00
2013-03-31 6,489.00 459.00
2012-12-31 6,253.00 375.00
2012-09-30 6,203.00 349.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CMS Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CMS Energy used its assets less efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
  • CMS Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CMS Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CMS Energy has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CMS Health

 How is CMS Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CMS Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CMS Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CMS Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CMS Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CMS Energy Company Filings, last reported 3 months ago.

NYSE:CMS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,895.00 11,995.00 234.00
2018-12-31 4,792.00 11,686.00 153.00
2018-09-30 4,786.00 11,096.00 323.00
2018-06-30 4,709.00 10,466.00 477.00
2018-03-31 4,633.00 10,261.00 195.00
2017-12-31 4,478.00 10,374.00 182.00
2017-09-30 4,572.00 10,213.00 142.00
2017-06-30 4,486.00 9,910.00 418.00
2017-03-31 4,407.00 9,919.00 433.00
2016-12-31 4,290.00 9,902.00 235.00
2016-09-30 4,296.00 9,781.00 339.00
2016-06-30 4,193.00 9,383.00 385.00
2016-03-31 4,146.00 9,099.00 177.00
2015-12-31 3,975.00 9,333.00 266.00
2015-09-30 3,939.00 8,691.00 150.00
2015-06-30 3,855.00 8,538.00 477.00
2015-03-31 3,839.00 8,664.00 522.00
2014-12-31 3,707.00 8,595.00 207.00
2014-09-30 3,707.00 8,711.00 493.00
2014-06-30 3,682.00 7,953.00 358.00
2014-03-31 3,655.00 8,181.00 758.00
2013-12-31 3,491.00 7,812.00 172.00
2013-09-30 3,433.00 7,600.00 260.00
2013-06-30 3,360.00 7,432.00 537.00
2013-03-31 3,350.00 7,452.00 586.00
2012-12-31 3,238.00 7,339.00 93.00
2012-09-30 3,240.00 7,199.00 128.00
  • CMS Energy's level of debt (246.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (228% vs 246.5% today).
  • Debt is not well covered by operating cash flow (13.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CMS Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CMS Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CMS Dividends

 What is CMS Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.62%
Current annual income from CMS Energy dividends. Estimated to be 2.84% next year.
If you bought $2,000 of CMS Energy shares you are expected to receive $52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CMS Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • CMS Energy's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CMS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CMS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.02 2.00
2022-12-31 1.87 3.00
2021-12-31 1.75 11.00
2020-12-31 1.64 15.00
2019-12-31 1.53 15.00
NYSE:CMS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-18 1.530 2.692
2019-01-17 1.530 2.850
2018-10-18 1.430 2.833
2018-07-19 1.430 2.914
2018-02-05 1.430 3.194
2017-10-19 1.330 2.806
2017-07-20 1.330 2.806
2017-04-20 1.330 2.870
2017-01-19 1.330 3.029
2016-10-20 1.240 3.017
2016-07-21 1.240 2.906
2016-04-21 1.240 2.904
2016-01-21 1.240 3.082
2015-10-16 1.160 3.247
2015-07-13 1.160 3.403
2015-04-13 1.160 3.476
2015-01-22 1.160 3.285
2014-10-17 1.080 3.205
2014-07-14 1.080 3.613
2014-04-14 1.080 3.616
2014-01-23 1.080 3.821
2013-10-21 1.020 3.791
2013-07-15 1.020 3.776
2013-04-15 1.020 3.658
2013-01-25 1.020 3.810
2012-10-22 0.960 3.961
2012-07-16 0.960 4.057
2012-04-16 0.960 4.162
2012-01-27 0.960 4.409
2011-10-21 0.840 3.980
2011-07-22 0.840 4.325
2011-04-19 0.840 4.254
2011-01-28 0.840 4.355
2010-08-06 0.840 4.598
2010-07-19 0.600 3.716
2010-04-19 0.600 3.924
2010-02-02 0.600 3.872
2009-10-23 0.500 3.373
2009-07-21 0.500 3.780
2009-04-20 0.500 4.226
2009-01-23 0.500 4.347
2008-10-24 0.360 3.543
2008-07-25 0.360 2.936

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of CMS Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess CMS Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CMS Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CMS Energy has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CMS Management

 What is the CEO of CMS Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patti Poppe
COMPENSATION $8,091,185
AGE 50
TENURE AS CEO 3 years
CEO Bio

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 President of Distribution Operations, Transmission & Engineering at CMS Energy Corp. since March 2015 until July 01, 2016. She has been Chairman of the Board, CEO and Director at CMS Enterprises since July 2016 and was its Director since July 2016 until September 2017. She served as Senior Vice President of Distribution Operations, Engineering and Transmission at Consumers Energy Company since January 2015 until July 01, 2016. She served as Senior Vice President at CMS Energy Corp. and Consumers Energy Company from March 2015 to July 2016. She served as a Vice President of Customer Experience at Consumers Energy Company from November 15, 2013 to January 2015 and served as its Vice President of Customer Operations since January 2011. Ms. Poppe served in leadership roles at General Motors Co. and DTE Energy. She has been a Director of Consumers Energy Company and CMS Energy Corp. since May 6, 2016. She has extensive utility knowledge, including customer experience and satisfaction, rates and regulation, generation, and distribution. She serves on the boards of the Business Leaders for Michigan, Detroit Regional Chamber, American Gas Association and Edison Electric Institute.

CEO Compensation
  • Patti's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patti's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CMS Energy management team in years:

2.6
Average Tenure
44
Average Age
  • The tenure for the CMS Energy management team is about average.
Management Team

Patti Poppe

TITLE
President
COMPENSATION
$8M
AGE
50
TENURE
3 yrs

Rejji Hayes

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
44
TENURE
2.2 yrs

Garrick Rochow

TITLE
Senior Vice President of Operations
COMPENSATION
$2M
AGE
44
TENURE
2 yrs

Brian Rich

TITLE
Senior VP of Customer Experience & Technology and Chief Information Officer
COMPENSATION
$1M
AGE
44
TENURE
3 yrs

Glenn Barba

TITLE
VP, Controller & Chief Accounting Officer
AGE
53
TENURE
16.4 yrs

Sri Maddipati

TITLE
VP of Investor Relations & Treasurer
AGE
36
TENURE
3.5 yrs

Melissa Gleespen

TITLE
VP, Chief Compliance Officer & Corporate Secretary
AGE
51
TENURE
3.5 yrs

Shaun Johnson

TITLE
Senior VP & General Counsel
TENURE
0.2 yrs

Brandon Hofmeister

TITLE
Senior Vice President of Governmental
AGE
42
TENURE
2 yrs

Cathy Hendrian

TITLE
Senior Vice President of Human Resources
AGE
50
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the CMS Energy board of directors in years:

4.5
Average Tenure
62.5
Average Age
  • The tenure for the CMS Energy board of directors is about average.
Board of Directors

John Russell

TITLE
Chairman of the Board
COMPENSATION
$386K
AGE
61
TENURE
3.2 yrs

Patti Poppe

TITLE
President
COMPENSATION
$8M
AGE
50
TENURE
3.2 yrs

Jon Barfield

TITLE
Director
COMPENSATION
$240K
AGE
67
TENURE
13.9 yrs

Bill Harvey

TITLE
Presiding Director
COMPENSATION
$275K
AGE
70
TENURE
3.2 yrs

Laura Wright

TITLE
Director
COMPENSATION
$255K
AGE
59
TENURE
6.4 yrs

Kurt Darrow

TITLE
Director
COMPENSATION
$250K
AGE
64
TENURE
5.7 yrs

John Sznewajs

TITLE
Director
COMPENSATION
$240K
AGE
51
TENURE
4 yrs

Steven Ewing

TITLE
Director
COMPENSATION
$250K
AGE
75
TENURE
10 yrs

Myrna Soto

TITLE
Director
COMPENSATION
$240K
AGE
50
TENURE
4.5 yrs

Deborah Butler

TITLE
Director
COMPENSATION
$235K
AGE
65
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • CMS Energy individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. May 19 Sell Catherine Hendrian Individual 23. May 19 23. May 19 -1,753 $56.96 $-99,859
09. May 19 Sell Catherine Reynolds Individual 08. May 19 08. May 19 -6,203 $54.63 $-338,846
06. May 19 Sell Glenn Barba Individual 03. May 19 03. May 19 -8,500 $54.95 $-467,075
01. May 19 Sell John Russell Individual 30. Apr 19 30. Apr 19 -16,800 $55.35 $-929,880
13. Feb 19 Sell Catherine Reynolds Individual 12. Feb 19 12. Feb 19 -8,187 $53.02 $-434,054
21. Nov 18 Sell Brandon Hofmeister Individual 20. Nov 18 20. Nov 18 -500 $51.88 $-25,940
31. Oct 18 Sell Brian Rich Individual 30. Oct 18 30. Oct 18 -4,000 $49.69 $-198,748
15. Aug 18 Sell Jon Barfield Individual 13. Aug 18 13. Aug 18 -2,861 $48.45 $-138,624
15. Aug 18 Sell Venkat Rao Individual 14. Aug 18 14. Aug 18 -1,000 $48.77 $-48,767
X
Management checks
We assess CMS Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CMS Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CMS News

Simply Wall St News

Is CMS Energy Corporation's (NYSE:CMS) CEO Being Overpaid?

See our latest analysis for CMS Energy How Does Patti Poppe's Compensation Compare With Similar Sized Companies? … Our data indicates that CMS Energy Corporation is worth US$17b, and total annual CEO compensation is US$8.1m. … Boasting a total shareholder return of 41% over three years, CMS Energy Corporation has done well by shareholders.

Simply Wall St -

Investors Who Bought CMS Energy (NYSE:CMS) Shares Five Years Ago Are Now Up 91%

For example, long term CMS Energy Corporation (NYSE:CMS) shareholders have enjoyed a 91% share price rise over the last half decade, well in excess of the market return of around 38% (not including dividends). … During five years of share price growth, CMS Energy achieved compound earnings per share (EPS) growth of 2.9% per year. … We note that for CMS Energy the TSR over the last 5 years was 123%, which is better than the share price return mentioned above.

Simply Wall St -

If You Like EPS Growth Then Check Out CMS Energy (NYSE:CMS) Before It's Too Late

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like CMS Energy (NYSE:CMS). … See our latest analysis for CMS Energy How Fast Is CMS Energy Growing? … We would not expect to see insiders owning a large percentage of a US$17b company like CMS Energy.

Simply Wall St -

CMS Energy Corporation (NYSE:CMS): What Are The Future Prospects?

Based on CMS Energy Corporation's (NYSE:CMS) earnings update in March 2019, the consensus outlook from analysts appear fairly confident, with profits predicted to increase by 15% next year compared with the past 5-year average growth rate of 4.0%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … NYSE:CMS Past and Future Earnings, June 3rd 2019 From the current net income level of US$657m and the final forecast of US$878m by 2022, the annual rate of growth for CMS’s earnings is 8.0%.

Simply Wall St -

Did CMS Energy Corporation (NYSE:CMS) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in CMS Energy Corporation (NYSE:CMS). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In the last twelve months, the biggest single sale by an insider was when the Chairman of the Board, John Russell, sold US$930k worth of shares at a price of US$55.35 per share

Simply Wall St -

Is CMS Energy Corporation’s (NYSE:CMS) 5.7% Return On Capital Employed Good News?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Should You Be Excited About CMS Energy Corporation's (NYSE:CMS) 14% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Will CMS Energy Corporation's (NYSE:CMS) Earnings Grow In The Years Ahead?

The latest earnings announcement CMS Energy Corporation (NYSE:CMS) released in December 2018a … suggested

Simply Wall St -

Is CMS Energy Corporation's (NYSE:CMS) CEO Overpaid Relative To Its Peers?

This analysis aims first to contrast CEO compensation with other large companies. … How Does Patti Poppe's Compensation Compare With Similar Sized Companies. … According to our data, CMS Energy Corporation has a market capitalization of US$15b, and pays its CEO total annual compensation worth US$6.9m.

Simply Wall St -

Update: CMS Energy Stock Gained92% In The Last Five Years

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, CMS Energy managed to grow its earnings per share at 6.4% a year. … This EPS growth is slower than the share price growth of 14% per year, over the same period.

Simply Wall St -

CMS Company Info

Description

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 in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources. Its transmission and distribution system includes 214 miles of transmission overhead lines; 195 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,435 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 56,152 miles of electric distribution overhead lines; 10,817 miles of underground distribution lines; substations; and a battery facility. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas. Its gas transmission, storage, and distribution system consists of 1,666 miles of transmission lines; 15 gas storage fields; 28,404 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It owns interests in independent power plants totaling 1,335 megawatts. The company also operates an industrial bank providing unsecured consumer installment loans for financing home improvements. It serves 1.8 million electric customers and 1.8 million gas customers, including residential, commercial, and diversified industrial customers in Michigan’s Lower Peninsula. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.

Details
Name: CMS Energy Corporation
CMS
Exchange: NYSE
Founded: 1987
$16,570,041,013
283,733,579
Website: http://www.cmsenergy.com
Address: CMS Energy Corporation
One Energy Plaza,
Jackson,
Michigan, 49201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CMS Common Shares New York Stock Exchange US USD 02. Jan 1968
DB CSG Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0HR4 Common Shares London Stock Exchange GB USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
7,990
CMS Energy employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 23:33
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.