CMS Energy Corporation
CMS-PC
New York Stock Exchange16.95
USD
-0.05
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CMS Energy Corporation
CMS-PC
(New York Stock Exchange)
Recent
price
16.95
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- CMS Energy Corporation is a Michigan-based energy holding company primarily engaged in providing electric and natural gas utility services through its principal subsidiary, Consumers Energy, which serves approximately 6.7 million customers across Michigan's Lower Peninsula. The company offers regulated natural gas service and electric service, supported by a diverse generation portfolio including hydroelectric, wind, nuclear, coal-fired plants, and natural gas peaker plants. Additionally, CMS Energy owns and operates independent power generation facilities and natural gas assets through its non-utility segment, NorthStar Clean Energy, which focuses on wholesale power generation and renewable energy solutions including carbon reduction products. Founded in 1896 and headquartered in Jackson, Michigan, the company targets residential, commercial, and industrial customers primarily within Michigan. Recent major developments include a corporate reorganization announced in 2025 aimed at supporting operational transformation and long-term strategic goals with a focus on clean, affordable, and reliable energy. CMS Energy has also been actively expanding its renewable energy capacity with plans to double renewable output by 2025 and achieve a 61% renewable share by 2040, reflecting a strategic shift away from coal-fired generation by retiring all coal plants by 2040. The company entered a significant new agreement to support a data center project expected to add up to 1 gigawatt of load, contributing to its robust 9-gigawatt project pipeline. In 2024, CMS divested its Appliance Service Plan business, focusing more on its core utility operations and advancing grid modernization efforts. The company additionally conducted cash tender offers for up to $125 million of debt to optimize its capital structure. CMS Energy raised its adjusted earnings guidance for 2025, reflecting strong operational performance and positive regulatory outcomes, with a business outlook centered on sustainable growth, customer value, and a clean energy transition. CMS Energy operates across two main segments: regulated utility operations through Consumers Energy, delivering natural gas and electricity primarily in Michigan, and competitive energy businesses including power generation and energy marketing through NorthStar Clean Energy. Its extensive product and service offerings include regulated electricity and natural gas distribution, renewable energy projects, independent power generation, and energy efficiency programs aimed at residential, commercial, and industrial markets throughout the Midwest. The company's strategic focus on sustainability, innovation, and infrastructure investment supports Michigan’s clean energy goals and regional economic development initiatives.