Welcome to our dedicated page for CMS Energy Corporation news (Ticker: $CMS), a resource for investors and traders seeking the latest updates and insights on CMS Energy Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CMS Energy Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CMS Energy Corporation's position in the market.
Rhea-AI Summary
CMS Energy's Board of Directors increased the quarterly dividend on the company's common stock to 51.50 cents per share, up from 48.75 cents per share. This represents an annualized yield of 3.6 percent. The first quarter dividend for the common stock is payable Feb. 29, 2024, to shareholders of record Feb. 12, 2024. CMS Energy's president and CEO, Garrick Rochow, stated that the decision reflects the successful execution of the company's strategy. The company, which is Michigan-based, has an electric and natural gas utility, Consumers Energy, as its primary business. It also owns and operates independent power generation businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
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Rhea-AI Summary
CMS Energy reported a rise in earnings per share for 2023, with a significant increase in adjusted earnings per share and an 11 cent increase in annual dividend for 2024. The company also raised its 2024 adjusted earnings guidance, indicating positive financial performance and shareholder returns.
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Rhea-AI Sentiment
End-of-Day
2.94%
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The Consumers Energy Foundation, Consumers Energy, and its employees and retirees donated over $11 million in grants, sponsorships, and funding to nonprofits and municipalities in Michigan in 2023. This included $1.5 million in signature grants, $755,000 donated by employees and retirees for the United Way campaign, and $200,000 for the Diversity, Equity, and Inclusion Grantmaking Program. Employees and retirees also volunteered over 65,000 hours to support nonprofits, with key community events supported across the state. The Consumers Energy Foundation, Consumers Energy, its employees, and retirees are not funded by customer rates. The Consumers Energy Foundation contributed to the growth and strengthening of Michigan communities by investing in people, the planet, and Michigan's prosperity.
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End-of-Day
0.26%
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The Consumers Energy Foundation is offering $500,000 in grants through the 2024 Planet Awards to support Michigan nonprofits and municipalities working to make a positive impact on the state's land, water, and air. The awards are the first of three $500,000 grant rounds in 2024, totaling $1.5 million. The Foundation is seeking letters of intent to support projects improving Michigan's environment in the categories of Land, Water, and Air. Last year's Planet Awards helped protect threatened and endangered species and create natural spaces. Consumers Energy Foundation, the charitable arm of Consumers Energy, contributed over $11 million to Michigan nonprofits in 2023. Consumers Energy is the principal subsidiary of CMS Energy, providing natural gas and/or electricity to 6.7 million of Michigan's 10 million residents in all 68 Lower Peninsula counties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
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The Consumers Energy Foundation is hosting the Put Your Town on the Map pitch competition, offering $50,000 in grant funding for small communities in Michigan. The competition aims to support projects that drive business attraction, economic development, and population growth in communities with up to 10,000 residents. The top three winners will receive grants worth $25,000, $15,000, and $10,000 respectively. The competition is sponsored by the Consumers Energy Foundation and the Community Economic Development Association of Michigan (CEDAM). The Consumers Energy Foundation, along with Consumers Energy, its employees, and retirees, contributed over $11 million to Michigan nonprofits in 2023.
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Rhea-AI Sentiment
End-of-Day
0.39%
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Consumers Energy, Michigan's largest energy provider, is highlighting programs to help residents lower and get assistance with their energy bills in the face of frigid cold. The company's vice president of customer experience, Lauren Snyder, emphasized the significant drop in natural gas costs and shared tips to reduce energy waste. Consumers Energy is also promoting various assistance programs and services to support customers during the winter season.
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End-of-Day
-0.05%
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CMS Energy (NYSE: CMS) will provide 2023 year-end results and a business and financial outlook on February 1, 2024. The company, based in Michigan, operates Consumers Energy as its primary business and also owns independent power generation businesses.
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Rhea-AI Sentiment
End-of-Day
0.73%
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Heartland Farms Wind (ticker symbol: HFW) Powers 330,000 Households with Clean Energy
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End-of-Day
1.96%
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Consumers Energy (CMS) continues its $1 billion annual investment in natural gas delivery, replacing aging infrastructure to provide cleaner, more reliable natural gas for decades to come. The company aims to reduce long-term costs for customers and has filed a natural gas rate case with the Michigan Public Service Commission. Despite potential small bill increases, the average customer would still be paying less than $3 a day for gas.
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Rhea-AI Sentiment
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-0.1%
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CMS Energy (NYSE: CMS) Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
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CMS Energy Corporation
NYSE:CMS
CMS Rankings
CMS Stock Data
18.89B
292.53M
0.48%
96.23%
3.91%
Other Electric Power Generation
Utilities
United States of America
JACKSON
About CMS
craven county wood energy limited partnership is an oil and energy company located in 201 executive pkwy, new bern, north carolina, united states.