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CMS Energy Corporation reports recurring developments across its Michigan energy business, with Consumers Energy as its principal utility subsidiary. Company news commonly covers earnings results and financial outlooks, common and preferred stock dividends, and updates tied to electric and natural gas service in Michigan.
Consumers Energy updates also include grid reliability, storm response technology, customer energy-efficiency and assistance programs, and regulatory discussions involving utility assets. CMS Energy also reports on its independent power generation businesses and capital-return actions involving listed common stock, preferred securities and depositary shares.
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.
CMS Energy's Board of Directors has announced a quarterly dividend of 43.50 cents per share on its common stock. This dividend will be payable on August 31, 2021, to shareholders who are on record as of August 6, 2021. Based in Michigan, CMS Energy operates primarily through Consumers Energy and has independent power generation businesses, emphasizing its commitment to providing reliable energy solutions.
CMS Energy will announce its 2021 second quarter results and provide a business financial outlook on July 29, 2021, at 9:30 a.m. EDT. The presentation will be accessible via webcast on CMS Energy's website, with an audio replay available three hours post-presentation and archived for 30 days. As a Michigan-based energy provider, CMS Energy primarily operates through Consumers Energy and holds independent power generation businesses. Investors can find more information in the Investor Relations section on their website.
Consumers Energy has announced a bold initiative to eliminate coal as a fuel source by 2025, significantly ahead of its previous schedule. This move positions the company as a leader in Michigan's clean energy transformation. The plan aims to utilize 90% clean energy by 2040 and develop 8,000 megawatts of solar energy. The closure of coal-fired units at the Campbell complex is projected to save customers up to $650 million by 2040.
Consumers Energy warns Michigan residents about ongoing energy scams, advising on how to recognize and report them. Scammers impersonate utility representatives, demanding immediate payments through specific methods like prepaid cards. Chris Bush, director of corporate security, emphasizes the importance of customer safety. Residents are urged to avoid sharing personal information and to verify identities of those claiming to be from Consumers Energy. The utility supplies energy to 6.8 million residents across Michigan.