CMS Energy Corp (CMS) Quote - XNYS | Morningstar

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Scrutiny From Michigan Regulators Over Outages Could Affect Growth Plans for DTE and CMS Energy

Strategist Travis Miller

Travis Miller Strategist

Analyst Note

| Travis Miller | Aug 31, 2021

We are reaffirming our $50 fair value estimate for CMS Energy and $112 fair value estimate for DTE Energy after the Michigan Public Service Commission issued a request for information related to storms in mid-August that left 1 million people without power. We are reaffirming our narrow moat and stable moat trend ratings for both companies.

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Company Profile

Business Description

CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.8 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS plans to sell EnerBank in late 2021.

Contact

One Energy Plaza
Jackson, MI, 49201

T +1 517 788-0550

travis.uphaus@cmsenergy.com

www.cmsenergy.com

Sector Utilities

Industry Utilities - Regulated Electric

Most Recent Earnings Jun 30, 2021

Fiscal Year End Dec 31, 2021

Stock Type Slow Growth

Employees 8,837

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