CMS ENERGY CORP Stock Price, News & Analysis

CMS Energy reported first quarter earnings per share of $1.21, consistent with the same period last year. Adjusted EPS rose to $1.20 from $1.09 year-over-year. The company reaffirmed its 2022 adjusted earnings guidance of $2.85 to $2.89 per share and aims for long-term adjusted EPS growth of 6 to 8 percent. CMS Energy emphasized its commitment to eliminating coal generation by 2025 and achieving net zero carbon emissions by 2040.

Consumers Energy has proposed a $272 million investment to enhance Michigan's energy reliability and sustainability, awaiting approval from the Michigan Public Service Commission. This initiative is part of a broader $5.4 billion Electric Distribution Infrastructure Investment Plan aimed at modernizing the energy grid over five years. Key elements include enhancing grid reliability, increasing investments in clean energy, and supporting economic growth. If approved, residential electric bills may increase by $7.50 monthly, while the company aims to reduce outages by 15% by 2025.

Consumers Energy has introduced the Mi Clean Air program, aimed at enabling residential and business customers to offset carbon emissions from natural gas. Launched on April 26, 2022, the initiative allows participants to purchase offset credits generated from sustainable forest management in Luce County, Michigan. The program supports Consumers Energy's goal to achieve net zero greenhouse gas emissions from its natural gas system by 2050. Residential customers can offset about 30% of their usage for $6 per month.

On April 25, 2022, the Consumers Energy Foundation announced the allocation of $500,000 in funding for three environmental projects in Michigan as part of the Planet Awards. The projects aim to preserve freshwater resources, enhance urban tree canopies, and restore natural habitats. Recipients include the Green Macomb Urban Forest Partnership, which will plant 1,000 trees and native shrubs, Oshtemo Charter Township for restoring the Fruit Belt Rail Corridor, and the Huron-Clinton Metropolitan Authority for restoring Huron River habitats.

The Board of Directors of CMS Energy has announced a quarterly dividend of 46 cents per share on its common stock, CUSIP: 125896100. This dividend will be payable on May 31, 2022, to shareholders of record as of May 6, 2022. CMS Energy, based in Michigan, operates primarily through Consumers Energy and also runs independent power generation businesses.

Consumers Energy, Michigan's largest energy provider, has reached a landmark settlement regarding its Clean Energy Plan, aiming to eliminate coal as a fuel source by 2025. This agreement involves a coalition of stakeholders and outlines a 20-year strategy to meet Michigan's energy needs while protecting the environment. Key highlights include the closure of coal plants, plans for nearly 8,000 MW of solar power by 2040, the acceleration of energy storage deployment, and estimated savings of $600 million for customers. This settlement awaits review by the Michigan Public Service Commission.

CMS Energy has announced that it will provide its 2022 first quarter results along with a business and financial outlook on May 3, 2022, at 9:00 a.m. EDT. A webcast will be accessible on the company's website, allowing investors to follow the results live. An audio replay will also be available after the event. CMS Energy is a Michigan-based energy company, primarily operating through Consumers Energy and independent power generation businesses.

CMS Energy announced the appointment of Christopher (Chris) Fultz as vice president of gas operations, effective March 1, 2022. Fultz will oversee the company's gas compression, transmission, and distribution functions, ensuring the integrity of the gas system. Previously, he served as executive director of gas operations and has been with the company since 2014. Chris holds degrees in electrical engineering and an MBA. His leadership is expected to enhance safety performance and support Michigan's prosperity.