CMS ENERGY CORP Stock Price, News & Analysis

Consumers Energy has announced a commitment to support the operation of 1 million electric vehicles (EVs) in Michigan by 2030. This initiative aims to position Michigan as a leader in the transition to clean, zero-emissions vehicles, coinciding with the auto industry’s goal of having 50% EV sales by the same year. Currently, around 12,000 EVs are registered in the area served by Consumers Energy, with sales increasing by 20% annually. The company plans to establish over 200 fast-charging locations and will implement various rebate programs to enhance EV adoption.

CMS Energy reported third-quarter 2021 earnings per share (EPS) of $0.54, down from $0.72 in Q3 2020, excluding discontinued operations of EnerBank USA. The company completed the sale of EnerBank for over $1 billion and plans to reinvest the proceeds into core utility operations, focusing on grid hardening and clean energy transformation. Full-year 2021 adjusted EPS guidance was raised to $2.63 - $2.65, with 2022 guidance reaffirmed at $2.85 - $2.87. CMS Energy aims for long-term EPS growth of 6 to 8 percent.

The Board of Directors of CMS Energy has declared a quarterly dividend of 43.50 cents per share on its common stock. This dividend is payable on November 30, 2021, to shareholders of record as of November 5, 2021. As a Michigan-based energy company, CMS Energy operates Consumers Energy and independent power generation businesses, presenting a stable income opportunity for investors.

The Michigan Energy Workforce Development Consortium (MEWDC), led by DTE Energy, Consumers Energy, and the Lansing Board of Water & Light, is launching an outreach initiative during Careers in Energy Week from October 18-22. This initiative aims to promote careers in the energy sector through events and contests for students. The energy sector employs over 110,000 Michigan residents and is projected to grow by 2% by 2028. MEWDC focuses on developing a skilled workforce, having secured a $1.1 million apprenticeship grant and garnered awards for innovative programming.

The Michigan Energy Workforce Development Consortium (MEWDC) will launch an outreach initiative to raise awareness of careers in the energy sector during Careers in Energy Week from October 18-22. This initiative includes career exploration events, panel discussions, and job fairs, targeting students and job-seekers. The energy sector currently employs over 110,000 people in Michigan, with expectations for a 2% growth from 2018 to 2028. Participating companies include Consumers Energy and DTE Energy, which are focused on promoting high-demand jobs in clean energy.

Consumers Energy has commenced construction on a cutting-edge natural gas training facility named Flint Gas City in Flint, Michigan. This $10.1 million initiative aims to enhance training for over 1,500 employees who manage natural gas infrastructure. The facility will feature specialized learning environments, including a mock neighborhood for practical training. Completion is projected for winter 2022. This development underscores the company's commitment to safety and effective service delivery in the natural gas sector.

CMS Energy will announce its third quarter results on October 28, 2021, at 9:30 a.m. EDT. A webcast of the presentation will be accessible on cmsenergy.com, with an audio replay available three hours later for a duration of 30 days. The company, based in Michigan, operates the Consumers Energy brand and manages independent power generation businesses.

CMS Energy (NYSE: CMS) has successfully completed the sale of EnerBank USA to Regions Bank (NYSE: RF) for approximately $1 billion. The proceeds will be allocated to enhance CMS's core utility operations. EnerBank has been part of CMS for nearly two decades, and CMS expresses confidence in its future under Regions Bank, which aims to leverage EnerBank's capabilities for customer financing solutions. The transaction marks a strategic move to focus on CMS's primary businesses and improve shareholder value.

CMS Energy has declared a quarterly dividend of $0.30625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMS.PRC). This dividend will be payable on October 15, 2021, to shareholders of record by the close of business on October 1, 2021. The company, based in Michigan, operates primarily through Consumers Energy and also engages in independent power generation.