CMS ENERGY CORP Stock Price, News & Analysis

Consumers Energy (NYSE: CMS), the principal subsidiary of CMS Energy, declared a quarterly dividend on its preferred stock.

The board set a dividend of $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb), payable Jan. 1, 2026 to shareholders of record at the close of business on Dec. 1, 2025. Additional information, including dividend tax status, is available in the Tax Information section of CMS Energy's website.

CMS Energy (NYSE: CMS) priced an upsized private placement of $850 million aggregate principal amount of 3.125% convertible senior notes due May 1, 2031, with an initial purchasers' option for an additional $150 million. The sale is expected to close on November 6, 2025. Net proceeds are expected to be approximately $839.3 million (or $987.7 million if the option is fully exercised) and are intended to retire $250 million of 3.60% senior notes maturing November 15, 2025, with the remainder for general corporate purposes.

The initial conversion rate is 11.0360 shares per $1,000 (approx. $90.61 per share), a ~25% premium to the Nov 3, 2025 share price; conversions may be settled in cash, shares, or both.

CMS Energy (NYSE: CMS) intends to privately offer $750 million aggregate principal amount of convertible senior notes due 2031, with an initial purchasers' option to buy up to an additional $112.5 million. Proceeds are planned to retire the company's $250 million 3.60% senior notes maturing November 15, 2025, with remaining proceeds for general corporate purposes. The convertible notes will be senior unsecured obligations, pay interest semiannually, and be convertible by holders subject to conditions; settlement may be cash, common stock, or a combination at CMS Energy's election. The offering targets qualified institutional buyers under Rule 144A and may not be completed on anticipated terms.

CMS Energy (NYSE: CMS) reported third-quarter 2025 diluted EPS of $0.92 and adjusted EPS of $0.93 versus $0.84 in Q3 2024. Year-to-date adjusted EPS was $2.66 vs. $2.47 a year earlier. Q3 operating revenue rose to $2,021M from $1,743M in Q3 2024, and net income available to common stockholders was $275M.

The company raised 2025 adjusted EPS guidance to $3.56–$3.60, initiated 2026 adjusted EPS guidance at $3.80–$3.87, and reaffirmed long-term adjusted EPS growth of 6–8% annually. A webcast discussing results was scheduled for Oct 30, 2025 at 9:30 AM EDT. The release includes GAAP-to-adjusted reconciliations and cautions on forward-looking statements.

Consumers Energy Foundation (NYSE: CMS) announced the 2025 Prosperity Award winners on Oct 29, 2025, awarding $500,000 in grants to three Northern Michigan projects.

Allocations: Curtis Township (Alcona County) $250,000 to buy and revitalize a vacant downtown building; Lincoln Township (Clare County) $150,000 for accessibility upgrades at Bertha Lake Park; and Village of Vanderbilt (Otsego County) $100,000 for a Gateway to the Pigeon River project. These awards are part of the Foundation's 2025 signature grants, which total $1.5 million for the year.

Consumers Energy (NYSE:CMS) announced a new Public Safety Power Shutoff (PSPS) policy on October 28, 2025 to reduce wildfire risk and protect communities during extreme weather or other public-safety threats. The policy, developed with Michigan Public Service Commission guidance and emergency partners, allows targeted, last-resort power shutoffs when conditions pose high wildfire or safety risk. Customers will receive advance alerts 48–24 hours before events, real-time monitoring and restoration updates, and community support during and after incidents. Michigan wildfire data cited include 10,000–12,000 fires annually, ~100 homes lost or damaged per year, and 2,537 fires burning >22,861 acres in the past 12 years. Consumers Energy serves 6.8 million residents across 68 Lower Peninsula counties.

CMS Energy (NYSE: CMS) declared a quarterly dividend of $0.5425 per share on its common stock (CUSIP: 125896100). The dividend is payable Nov. 26, 2025 to shareholders of record on Nov. 7, 2025. Additional details including the tax status of the distributions are available in the Tax Information section of the company website.

CMS Energy is a Michigan-based energy company whose primary business is Consumers Energy and which also owns and operates independent power generation businesses. For investor alerts and more information, visit cmsenergy.com.

CMS Energy (NYSE: CMS) will announce its 2025 third quarter results and provide a business and financial outlook on Thursday, October 30, 2025 at 9:30 a.m. EDT.

A live webcast will be available at cmsenergy.com; an audio replay will be posted about three hours after the webcast and archived for 30 days in the Investors section. Consumers Energy is the company's primary business, and CMS Energy also owns independent power generation operations.

Consumers Energy (NYSE:CMS) opened enrollment Oct. 14, 2025 for the CARE program and updated state assistance thresholds to help income‑qualified customers with winter heating bills.

Key points: CARE is a 24‑month fixed monthly payment plan that pays down past due balances; program funding comes from the Low‑Income Energy Assistance Fund (LIEAF) surcharge on retail electric meters; CARE and MEAP eligibility are expanded immediately with new SER thresholds and automatic eligibility for some state assistance recipients.