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CMS Energy Corporation Preferred Stock

CMS Energy Corporation Preferred Stock

NNYSE:CMS/PB
75.26
USD
+1.11
(+1.50%)
10.89EPS
6.93P/E
6.52BMarket Cap
CMS Energy Corporation Preferred Stock
NYSE:CMS/PB
(New York Stock Exchange)

Recent

price

75.26

P/E

ratio

6.93

div

yld

13.35%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
73.2
74.35
71.5
75.16
80.86
73.31
72.1
73.98
76.86
75.81
73.58
83.48
96.92
85.21
85.6
96.68
99.92
Revenue per Share
5.14
5.53
5.2
6.33
6.72
7.04
7.3
7.49
8.36
8.81
9.68
10.3
11.21
10.29
11.97
13.4
11.19
Basic EPS, GAAP
10.31
15.07
15.51
15.4
15.27
20.02
18.66
18.91
18.51
19.77
13.64
21.98
10.57
17.56
27.25
23.98
23.11
Free Cash Flow per Basic Share
4.28
4.47
4.7
4.85
5.46
5.66
5.96
4.48
4.84
5.18
5.55
8.61
9.17
8.29
9.48
10.7
10.05
Dividend per Share
49.18
51.72
53.96
57.31
62.31
65.51
70.18
76.71
81.84
91.56
101.29
109.88
120.31
127.98
135.47
149.1
159.92
Book Value per Share
49.18
51.72
53.96
57.31
62.31
65.51
70.18
76.71
81.84
91.56
101.29
109.88
120.31
127.98
135.47
149.1
159.92
Tangible Book Value per Share
84
84
84
84
84
84
84
84
84
84
84
84
84
84
84
84
84
Basic Weighted Avg Shares
6,156
6,253
6,013
6,321
6,800
6,165
6,064
6,222
6,464
6,376
6,189
7,021
8,151
7,166
7,200
8,132
8,404
Sales/Revenue/Turnover
15.04
15.75
16.36
17.69
16.69
18.48
19.74
20.12
16.48
17.72
19.73
16.74
15.13
17.69
21.04
21.75
18.3
Operating Margin (%)
572
542
592
622
678
744
803
881
933
989
1,043
1,077
1,088
1,137
1,191
1,254
1,298
Depreciation Expense
434
467
439
534
567
594
616
632
705
743
816
868
945
867
1,009
1,129
948
Net Income, GAAP
36.92
36.38
40.35
39.32
35.05
33.71
34.19
34.91
16.77
19.94
17.49
15.23
12.9
15.66
16.54
20.32
21.78
Effective Tax Rate (%)
7.05
7.47
7.3
8.45
8.34
9.64
10.16
10.16
10.91
11.65
13.18
12.36
11.59
12.1
14.01
13.88
11.28
Profit Margin (%)
1,358
765
845
677
967
198
-152
-161
362
160
-247
-367
365
31
82
-509
145
Working Capital
4,676
4,154
4,450
4,717
5,277
5,301
5,363
5,652
6,848
7,124
7,798
8,096
9,237
10,500
11,710
12,610
13,491
LT Debt
4,180
4,394
4,582
4,857
5,277
5,546
5,939
6,488
6,920
7,737
8,556
9,279
10,155
10,800
11,431
12,578
13,488
Total Equity
6.39
6.75
6.2
6.83
6.98
6.69
6.55
6.36
6.44
6.04
6.09
5.51
5.41
4.89
5.38
5.51
4.61
Return on Invested Capital (%)
7
7.13
6.45
7.18
7.09
6.88
6.77
6.54
7.1
6.73
6.72
6.56
6.53
6.21
6.54
6.61
5.94
Return on Capital (%)
10.87
10.96
9.83
11.37
11.23
11.01
10.76
10.2
10.54
10.16
10.04
9.75
9.74
8.29
9.09
9.42
7.51
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
919
1,097
466
LT Borrowings
12,529
12,485
13,313
LT Finance Leases
81
179
178
Preferred Equity and Hybrid Capital
37
37
37
Shares Outstanding
84
84
84
Market Capitalization
6,477
6,743
6,518

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,825
2,597
2,624
Cash, Cash Equivalents & STI
25
9
130
Accounts Receivable, Net
1,225
1,226
970
Inventories
774
631
810
Total Current Liabilities
3,334
3,150
2,479
Payables & Accruals
2,167
1,820
1,771
ST Debt
919
1,097
466
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.55%
8.02%
10.03%
Free Cash Flow
8.68%
23.72%
-12%
Net Income, GAAP
6.83%
7.05%
11.89%
Sales/Revenue/Turnover
3.14%
6.17%
12.94%
Total Cash Common Dividend
8.22%
15.9%
12.96%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,097
1,533
1,661
1,909
7,200
2025
2,348
1,838
- -
2,125
8,132
2026
2,612
1,829
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.27
2.1
3.25
3.35
11.97
2025
4.11
2.35
- -
3.33
13.4
2026
4.11
1.39
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.15
1.13
2.2
3
9.48
2025
3.22
1.74
- -
2.97
10.7
2026
3.66
1.68
- -
- -
- -
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Business
Consumers Energy Company (CMS-PB) is a regulated utility providing electric and natural gas services to approximately 6.8 million residential, commercial, and industrial customers across Michigan's Lower Peninsula and Upper Peninsula. The company offers electricity distribution and transmission through its grid infrastructure; natural gas distribution via pipelines serving residential heating, commercial cooking, and industrial processes; energy efficiency programs including rebates for appliances and smart thermostats; renewable energy sourcing from wind, solar, and hydroelectric facilities; advanced metering infrastructure for real-time usage tracking; and customer support services such as bill payment plans and outage management apps. Headquartered in Jackson, Michigan, and founded in 1909 as Commonwealth Power Company before evolving through mergers, Consumers Energy operates primarily within the U.S. Midwest region, with a focus on the MISO (Midcontinent Independent System Operator) market for wholesale power transactions. In recent developments, Consumers Energy announced a major strategic shift in 2024 with its "Clean Energy Plan," committing to achieve net-zero carbon emissions by 2040 through accelerated coal plant retirements, expanded battery storage projects, and 8 gigawatts of new solar capacity by 2040, including partnerships with developers like DTE Electric for grid modernization. The company completed the acquisition of additional wind farm assets in 2024, enhancing its renewable portfolio to over 3,000 megawatts, and secured a $200 million federal grant in late 2024 for EV charging infrastructure expansion in collaboration with the U.S. Department of Energy. Additionally, in early 2025, Consumers Energy launched a new hydrogen blending pilot program for natural gas lines and formed an alliance with General Motors to electrify commercial fleets, marking significant operational expansions amid regulatory approvals from the Michigan Public Service Commission.