Welcome to our dedicated page for CMS ENERGY news (Ticker: CMS), a resource for investors and traders seeking the latest updates and insights on CMS ENERGY stock.
CMS Energy Corporation (NYSE: CMS) is a Michigan-based energy company whose primary business is Consumers Energy Company, an electric and gas utility. Consumers Energy is described as Michigan's largest energy provider, supplying natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. In addition to its regulated utility operations, CMS Energy owns and operates independent power generation businesses, including wholesale power generation with contracted renewable energy.
This news page aggregates company and subsidiary news releases and market announcements related to CMS Energy and Consumers Energy. Readers can follow updates on topics such as customer assistance initiatives, community investments, regulatory and legal developments, capital markets activity and financial performance. Recent news has highlighted Consumers Energy's programs to help customers manage energy costs, including a $5 million company-funded investment to support customers and communities across Michigan, as well as specific safeguards and bill credits for seniors to help them stay safe and warm during winter.
Other news items showcase the Consumers Energy Foundation's Prosperity Awards, which provide grant funding for community projects in Michigan, and environmental initiatives such as tree planting grants designed to improve safety and electric reliability by planting the right trees in the right places. Regulatory and planning topics also appear, including Consumers Energy's support for Michigan Public Service Commission orders that set guidelines for large-load customers like data centers and its intention to file an updated Energy Supply Plan covering natural gas, renewable resources and battery storage.
Investors and observers will also find CMS Energy corporate news, including announcements of quarterly financial results, adjustments to earnings guidance, dividend declarations on preferred stock and details of capital markets transactions such as convertible senior note offerings and tender offers for outstanding bonds. This page provides a centralized view of how CMS Energy and Consumers Energy communicate about operations, financial performance, customer programs and community engagement over time.
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.
The Board of Directors of Consumers Energy, a subsidiary of CMS Energy, has announced a quarterly dividend of $1.125 per share on its $4.50 preferred stock, which will be payable on October 1, 2021. Shareholders of record as of September 7, 2021 will receive this dividend. CMS Energy, based in Michigan, is a leading energy provider, operating Consumers Energy and independent power generation businesses.
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CMS Energy reported a robust earnings per share (EPS) of $0.61 for Q2 2021, up from $0.48 in Q2 2020. The EPS from continuing operations was $0.55, rising from $0.45 year-over-year. The adjusted earnings per share also saw an increase to $0.55 from $0.46. The company reaffirmed its 2021 adjusted EPS guidance of $2.61 - $2.65 and 2022 guidance of $2.85 - $2.87. CMS Energy emphasized its commitment to a clean energy transition and plans to provide a business outlook during a webcast on July 29, 2021.