CMS ENERGY CORP Stock Price, News & Analysis

Consumers Energy (CMS) is offering public tours of its J.H. Campbell Complex in West Michigan on September 21, 2024, marking the beginning of the end for its last coal-fired facility. The complex is scheduled to close by June 1, 2025, as part of the company's Clean Energy Plan to achieve a carbon-neutral energy grid by 2040. This closure will make Consumers Energy one of the first U.S. utility providers to eliminate coal burning.

The Campbell complex consists of three units built between 1962 and 1980. It's the last of 12 coal-fired units that Consumers Energy has been closing since 2016. The company is committed to a just transition for employees and plans to redevelop the site after demolition in 2026 or later. To replace Campbell's energy output, Consumers Energy purchased the Covert Generating Station and continues to develop clean energy projects, including wind farms and solar energy centers.

Consumers Energy (CMS) is promoting safe digging practices for National Safe Digging Day on August 11. Holly Bowers, VP of gas engineering and supply, emphasizes the importance of contacting 8-1-1 before any digging project, as it's both a safety measure and a legal requirement. Key tips include:

• Call MISS DIG (8-1-1) or visit MISSDIG811.org at least 3 business days before digging
• Avoid digging within 4 feet of marked lines
• Use hand tools near marked lines

The company also provides guidelines for dealing with natural gas leaks, including leaving the area immediately and calling 9-1-1 and 800-477-5050. MISS DIG has relocated to Lansing to expand its community education efforts on safe digging practices.

Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on its preferred stock. The Board of Directors announced a $1.125 per share dividend on the $4.50 preferred stock (NYSE: CMS_pb), payable on October 1, 2024, to shareholders of record as of September 3, 2024. CMS Energy, traded on the NYSE under the ticker CMS, is a Michigan-based energy provider with Consumers Energy as its primary business. The company also operates independent power generation businesses. Investors can find additional dividend information, including tax status, in the Tax Information section of CMS Energy's website.

CMS Energy's Board of Directors has declared a quarterly dividend of $0.2625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. The dividend is payable on October 15, 2024, to shareholders of record as of October 1, 2024. The stock trades under the ticker CMS PRC on the NYSE. CMS Energy, headquartered in Michigan, primarily operates through its Consumers Energy business and also manages independent power generation ventures. Investors can find additional dividend information, including tax status, on the company's website at cmsenergy.com.

NorthStar Clean Energy and General Motors have launched Newport Solar, a 180 MW project in Arkansas designed to power GM facilities in the MISO territory. The project, one of the largest single-axis photovoltaic installations in Arkansas, will supply renewable electricity to GM's assembly plants in Michigan and Missouri. Set to produce approximately 410,000 megawatt-hours of renewable energy annually, it's equivalent to powering over 30,000 Arkansas homes.

Under a 15-year renewable energy purchase agreement, the project's impact is comparable to planting nearly 5 million trees. This collaboration is part of GM's strategy to reduce Scope 2 emissions globally and NorthStar's commitment to providing renewable energy solutions. The ribbon-cutting ceremony is scheduled for August 15, 2024.

CMS Energy reported Q2 2024 earnings per share of $0.65, down from $0.67 in Q2 2023. Adjusted EPS for Q2 2024 was $0.66, compared to $0.75 in Q2 2023. For the first half of 2024, reported EPS was $1.61, up from $1.36 in 2023, while adjusted EPS increased to $1.63 from $1.45. The company reaffirmed its 2024 adjusted earnings guidance of $3.29 to $3.35 per share and long-term adjusted EPS growth of 6 to 8 percent, with confidence towards the high end. CMS Energy's CEO, Garrick Rochow, highlighted the company's focus on electric and gas system investments to deliver value for customers, including the electric Reliability Roadmap, Natural Gas Delivery Plan, and Clean Energy Plan.

Consumers Energy (CMS) is intensifying its efforts to enhance power reliability by clearing trees along over 7,000 miles of power lines in 2024. This initiative is part of the company's Reliability Roadmap, aimed at reducing outages and improving service. The strategy involves:

1. Prioritizing circuits prone to vegetation-related outages
2. Implementing a seven-year plan for tree clearing across high and low-voltage lines
3. Projecting to maintain the 7,000+ miles per year clearing rate

This aggressive approach, started three years ago, is a key component of Consumers Energy's goal to reduce power outages and restore service within 24 hours, regardless of circumstances. The company serves 6.8 million Michigan residents and emphasizes the critical role of forestry work in improving electric service reliability.

CMS Energy's Board of Directors has declared a quarterly dividend of 51.50 cents per share on the company's common stock. The dividend is payable on August 30, 2024, to shareholders of record as of August 2, 2024. CMS Energy, traded on the NYSE under the symbol CMS, is a Michigan-based energy company with Consumers Energy as its primary business. The company also operates independent power generation businesses. Shareholders can find additional dividend information, including tax status, in the Tax Information section of CMS Energy's website.

NorthStar Clean Energy, a leading innovator in renewable energy and decarbonization, has announced the relocation of its corporate headquarters to Ann Arbor, Michigan. This strategic move aims to leverage the city's innovative sustainability community and attract top-tier business partners and talent. The new headquarters, situated in Ann Arbor's technology and innovation area, will serve as the central hub for NorthStar's operations, research, and development.

President Brian Hartmann emphasized Ann Arbor's strong commitment to sustainability and vibrant community as key factors in the decision. NorthStar plans to create local job opportunities, collaborate with local organizations, and support the Ann Arbor community. The relocation will be marked by a ribbon-cutting ceremony with the Ann Arbor / Ypsilanti Regional Chamber on July 16th, followed by an open house event.