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CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 270 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,646 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 81,924 miles of electric distribution overhead lines; 9,775 miles of underground distribution lines; and 1,098 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,342 miles of transmission lines; 15 gas storage fields; 28,368 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
Analyst Perspectives | Price targets range from $69 to $77, reflecting varied views on CMS Energy's growth potential amid regulatory challenges and clean energy opportunities |
Green Energy Frontie | Explore CMS Energy's strategic focus on clean energy, including upcoming Renewable Energy Plan and potential for incremental contributions from NorthStar subsidiary |
Financial Resilience | Strong Q2 2024 performance surpasses estimates, with EPS projections rising from $3.11 in FY2023 to $3.87 by FY2026, showcasing robust growth trajectory |
Regulatory Crossroads | CMS Energy navigates complex regulatory landscape while pursuing ambitious clean energy initiatives, balancing growth potential with regulatory uncertainties |
Metrics to compare | CMS | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipCMSPeersSector | |
---|---|---|---|---|
P/E Ratio | 20.9x | 21.7x | 11.9x | |
PEG Ratio | 1.98 | −0.76 | 0.02 | |
Price / Book | 2.6x | 1.7x | 1.3x | |
Price / LTM Sales | 2.8x | 2.5x | 1.6x | |
Upside (Analyst Target) | 5.0% | 0.0% | 20.2% | |
Fair Value Upside | Unlock | −24.0% | 3.8% | Unlock |