Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: US$0.37 (vs US$0.66 in 2Q 2025) Second quarter 2026 results: EPS: US$0.37 (down from US$0.66 in 2Q 2025). Revenue: US$1.83b (flat on 2Q 2025). Net income: US$117.0m (down 41% from 2Q 2025). Profit margin: 6.4% (down from 11% in 2Q 2025). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.0% 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 8% per year. Declared Dividend • Jul 27
First quarter dividend of US$0.57 announced Shareholders will receive a dividend of US$0.57. Ex-date: 7th August 2026 Payment date: 1st September 2026 Dividend yield will be 3.0%, 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 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jul 22
CMS Energy Corporation announces Quarterly dividend, payable on September 01, 2026 CMS Energy Corporation announced Quarterly dividend of USD 0.5700 per share payable on September 01, 2026, ex-date on August 07, 2026 and record date on August 07, 2026. Tillkännagivande • Jul 08
CMS Energy Corporation to Report Q2, 2026 Results on Jul 28, 2026 CMS Energy Corporation announced that they will report Q2, 2026 results on Jul 28, 2026 Tillkännagivande • May 15
CMS 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 28
First 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 26
Fourth quarter dividend of US$0.57 announced Shareholders 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. Tillkännagivande • Apr 21
CMS Energy Announces Quarterly Dividend on Common Stock, Payable on May 29, 2026 The 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. Tillkännagivande • Apr 08
CMS Energy Corporation to Report Q1, 2026 Results on Apr 28, 2026 CMS Energy Corporation announced that they will report Q1, 2026 results at 10:00 AM, Eastern Daylight on Apr 28, 2026 Tillkännagivande • Mar 16
CMS Energy Corporation, Annual General Meeting, May 08, 2026 CMS Energy Corporation, Annual General Meeting, May 08, 2026. Recent Insider Transactions • Feb 27
Independent Chairman of the Board recently sold US$1.1m worth of stock On 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. Tillkännagivande • Feb 20
CMS Energy and Consumers Energy Announces Board Changes, Effective February 20, 2026 CMS 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. Tillkännagivande • Feb 12
CMS 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 07
Fourth quarter dividend increased to US$0.57 Dividend 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 06
Full 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. Tillkännagivande • Feb 05
CMS Energy Corporation Increases Quarterly Dividend on Common Stock, Payable on February 27, 2026 The 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. Tillkännagivande • Jan 16
CMS Energy Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026 CMS 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 31
Third 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 27
Second quarter dividend of US$0.54 announced Shareholders 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. Tillkännagivande • Oct 21
CMS Energy Declares Quarterly Dividend on Common Stock, Payable on November 26, 2025 The 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. Tillkännagivande • Oct 15
CMS Energy Corporation to Report Q3, 2025 Results on Oct 30, 2025 CMS Energy Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Tillkännagivande • Sep 18
Consumers Energy Appoints Shannon Thomas as Senior Vice President and Chief People Officer, Effective September 29 Consumers 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 01
Second 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 28
First quarter dividend of US$0.54 announced Shareholders 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. Tillkännagivande • Jul 22
CMS Energy Declares Quarterly Dividend on Common Stock, Payable on August 29, 2025 The 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. Tillkännagivande • Jul 11
CMS Energy Corporation to Report Q2, 2025 Results on Jul 31, 2025 CMS Energy Corporation announced that they will report Q2, 2025 results on Jul 31, 2025 New Risk • May 09
New minor risk - Insider selling There 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 05
Upcoming dividend of US$0.54 per share Eligible 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 25
First 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 20
Fourth quarter dividend of US$0.54 announced Shareholders 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. Tillkännagivande • Apr 14
CMS Energy Declares Quarterly Dividend on Common Stock, Payable on May 30, 2025 The 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. Tillkännagivande • Apr 04
CMS Energy Corporation to Report Q1, 2025 Results on Apr 24, 2025 CMS Energy Corporation announced that they will report Q1, 2025 results on Apr 24, 2025 Tillkännagivande • Mar 21
CMS Energy Corporation, Annual General Meeting, May 02, 2025 CMS Energy Corporation, Annual General Meeting, May 02, 2025. Declared Dividend • Feb 10
Fourth quarter dividend increased to US$0.54 Dividend 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 07
Full 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. Tillkännagivande • Feb 06
CMS Energy Announces Quarterly Dividend on Common Stock , Payable on February 28, 2025 CMS 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. Tillkännagivande • Jan 17
CMS Energy Corporation to Report Fiscal Year 2024 Results on Feb 06, 2025 CMS Energy Corporation announced that they will report fiscal year 2024 results on Feb 06, 2025 Recent Insider Transactions • Dec 21
Independent Chairman of the Board recently sold US$1.9m worth of stock On 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 20
New minor risk - Earnings quality The 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 01
Third 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 27
Second quarter dividend of US$0.52 announced Shareholders 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. Tillkännagivande • Oct 11
CMS Energy Corporation to Report Q3, 2024 Results on Oct 31, 2024 CMS Energy Corporation announced that they will report Q3, 2024 results on Oct 31, 2024 Declared Dividend • Jul 29
Second quarter dividend of US$0.52 announced Shareholders 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 26
Second 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. Tillkännagivande • Jul 23
CMS Energy Declares Quarterly Dividend on Common Stock, Payable on August 30, 2024 CMS 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 29
First quarter dividend of US$0.52 announced Shareholders 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 26
First 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. Tillkännagivande • Apr 05
CMS Energy Corporation to Report Q1, 2024 Results on Apr 25, 2024 CMS Energy Corporation announced that they will report Q1, 2024 results on Apr 25, 2024 Tillkännagivande • Mar 24
CMS Energy Corporation, Annual General Meeting, May 03, 2024 CMS Energy Corporation, Annual General Meeting, May 03, 2024, at 11:45 US Eastern Standard Time. New Risk • Mar 22
New minor risk - Shareholder dilution The 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 04
Fourth quarter dividend increased to US$0.52 Dividend 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 02
Full 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. Tillkännagivande • Feb 01
CMS Energy Corporation Increases Quarterly Dividend, Payable on February 29, 2024 The 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. Tillkännagivande • Jan 12
CMS Energy Corporation to Report Fiscal Year 2023 Results on Feb 01, 2024 CMS 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 01
Insufficient new directors There 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. Tillkännagivande • Dec 08
CMS 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 04
New minor risk - Insider selling There 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 04
Independent Chairman of the Board recently sold US$1.1m worth of stock On 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. Tillkännagivande • Oct 29
CMS Energy Provides Earnings Guidance for the Full Year 2023 and 2024 CMS 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 27
Third 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. Tillkännagivande • Oct 21
CMS Energy Corporation Declares Quarterly Dividend, Payable on November 30, 2023 The 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. Tillkännagivande • Oct 06
CMS Energy Corporation to Report Q3, 2023 Results on Oct 26, 2023 CMS Energy Corporation announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Jul 28
Second 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. Tillkännagivande • Jul 23
Cms Energy Declares Quarterly Dividend on Common Stock, Payable on August 31, 2023 CMS 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. Tillkännagivande • May 16
Cms Energy Announces Ralph Izzo to Join Board of Directors Ralph 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 28
First 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 18
Senior Vice President of Governmental recently sold US$150k worth of stock On 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 15
Senior VP & General Counsel recently sold US$50k worth of stock On 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 05
Full 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. Tillkännagivande • Feb 03
CMS Energy Increases Quarterly Dividend, Payable Feb. 28, 2023 The 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 17
Insufficient new directors There 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. Tillkännagivande • Jan 13
CMS Energy Corporation to Report Q4, 2022 Results on Feb 02, 2023 CMS Energy Corporation announced that they will report Q4, 2022 results on Feb 02, 2023 Board Change • Dec 02
Insufficient new directors There 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 03
Chief Accounting Officer recently sold US$50k worth of stock On 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 28
Third 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 02
Second 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 29
Second 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 11
Independent Director recently sold US$88k worth of stock On 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 02
Chief Accounting Officer recently sold US$50k worth of stock On 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 13
Senior Vice President of Strategy recently sold US$69k worth of stock On 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 03
First 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 23
Insider recently sold US$431k worth of stock On 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 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full 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 03
Upcoming dividend of US$0.46 per share Eligible 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 23
Senior VP & Chief Customer Officer recently sold US$211k worth of stock On 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 29
Third 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 07
VP & Chief Accounting Officer Glenn Barba has left the company On 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 26
Independent Director recently sold US$264k worth of stock On 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 08
Insider recently sold US$502k worth of stock On 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 01
Second 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 29
Upcoming dividend of US$0.43 per share Eligible 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 30
First 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 29
Upcoming dividend of US$0.43 per share Eligible 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 16
Senior Vice President of Transformation recently sold US$172k worth of stock On 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 06
Full 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 06
Revenue misses expectations Revenue 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. 
