CMS ENERGY CORP Stock Price, News & Analysis

Consumers Energy, the largest energy provider in Michigan, announced its "Our Town" initiative, distributing $750,000 in matching gift cards across 63 communities. The program allows shoppers to double their purchasing power for local businesses by matching gift card purchases made through local Chambers of Commerce. Each community will receive between $5,000 and $40,000 to support small businesses during the holiday season. The initiative aims to bolster local economies as Michigan rebounds from the pandemic.

Consumers Energy has announced agreements to add nearly 400 megawatts of clean energy from three solar projects in Michigan, sufficient to power about 190,000 homes. These projects are part of the company's Clean Energy Plan, which aims to eliminate coal power by 2025 and achieve net-zero carbon emissions by 2040. The new solar facilities, expected to begin operations in 2023, include Washtenaw Solar (150 MW), Jackson Solar (125 MW), and Cereal City Solar (100 MW). Consumers Energy plans to add 8,000 MW of solar power by 2040, ensuring energy needs are met sustainably.

Consumers Energy, based in Michigan, launched two Ford Edge SUVs equipped with advanced methane leak detection technology from Picarro Inc. This $4 million investment aims to enhance the company’s natural gas leak detection capabilities and fulfill its goal of achieving net zero methane emissions by 2030. The vehicles, which will patrol nearly 28,000 miles of distribution network, can identify and analyze potential gas leaks in real-time. The initiative is part of Consumers Energy's commitment to reducing methane emissions, having already achieved a 15% reduction.

CMS Energy has declared a dividend of $0.2625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. This dividend is payable on January 15, 2022, to shareholders of record by the close of business on January 1, 2022. Based in Michigan, CMS Energy operates primarily through Consumers Energy and also runs independent power generation businesses.

On Nov. 12, 2021, CMS Energy's Board of Directors announced a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb), payable on Jan. 1, 2022. Shareholders of record as of Dec. 6, 2021 will receive this dividend. CMS Energy, based in Michigan, operates Consumers Energy as its primary business and also has independent power generation interests.

The Consumers Energy Foundation has awarded two $250,000 Prosperity Awards to support economic development projects in Michigan, aimed at enhancing local communities. The recipients include the City of Cadillac for its Community Revitalization Plan, which will improve the urban landscape and reduce crime, and Communities First, Inc. for restoring the Flint Masonic Temple into a cultural venue. This initiative is part of a $1.5 million grant allocation for community growth. The Foundation emphasizes a commitment to Michigan's prosperity, focusing on people and the environment.

On November 9, 2021, Consumers Energy and DTE Energy urged Michigan residents to safeguard against carbon monoxide (CO) poisoning, the leading danger during colder months. This initiative coincides with Michigan Carbon Monoxide Safety Awareness Week (Nov. 8-14). Key messages include the importance of installing carbon monoxide alarms and having appliances professionally inspected annually. Symptoms of CO poisoning, often mistaken for flu, can escalate quickly and prove fatal. Residents are encouraged to take immediate action if CO exposure is suspected.

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.