CMS Energy Corp

CMS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$49.00	Zfzjkdx	Grmndvtxr

CMS Energy Continues Clockwork-Like Performance; Long-Term Growth Plan On Track

Travis Miller

Oct 28, 2022

We are reaffirming our $53 fair value estimate for CMS Energy after the company reported year-to-date adjusted earnings per share of $2.29, up from $2.18 through three quarters in 2021 and on track to meet our full-year forecast. We are reaffirming our narrow moat and stable moat trend ratings.

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