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CMS Energy Corp CMS

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Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

CMS Energy's Earnings Growth Continues as It Seeks Regulatory Support for Its Investment Plan

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $48 per share fair value estimate for CMS Energy after the company reported $1.21 per share of adjusted earnings during the first quarter of 2021, up $0.35 per share from the first quarter of 2020. Earnings are on track to meet our full-year estimates. We are also reaffirming our narrow moat and stable moat trend ratings.

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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. EnerBank primarily serves industrial customers.

Contact
One Energy Plaza
Jackson, MI, 49201
T +1 517 788-0550
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 8,837

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