CMS Energy Corporation - 5.875% NT REDEEM 01/03/2079 USD 25

CMS Energy Corporation - 5.875% NT REDEEM 01/03/2079 USD 25

CMSD

Get informed when a big investor buys or sells

+ Follow
Market Cap$22.74B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
CMS Energy Corporation - 5.875% NT REDEEM 01/03/2079 USD 25CMS Energy Corporation - 5.875% NT REDEEM 01/03/2079 USD 2521.33.09%11%0.82

Earnings Call Q2 2026

July 28, 2026 - AI Summary

Guidance affirmed + new 2027 outlook (key “how much can investors expect”) - 1H 2026 adjusted EPS: $1.50 (adjusted net income $464M). - Full-year 2026 guidance reaffirmed: $3.83–$3.90 adjusted EPS, with confidence toward the high end. - New full-year 2027 guidance introduced: $4.08–$4.17 adjusted EPS, maintaining the company’s long-term target of 6%–8% annual EPS growth (off 2025 actuals). - Surprising/important nuance: Management framed the 2027 guide as “no rebase” and explicitly ties it to the NorthStar simplification/repositioning, implying earnings quality shifts rather than growth slowdown.
NorthStar restructuring: simplification, capital reallocation, and earnings quality shift - Plan: Exit nonutility renewables development (i.e., move away from the development platform), while retaining Michigan-based assets: - DIG (Dearborn Industrial Generation), - several small gas peakers (mentioned: Kalamazoo and Livingston), - 4 commercial solar projects in Michigan. - Capital reallocation: Current 5-year plan has ~$1.7B dedicated primarily to nonutility renewables; shifting away reduces parent funding needs. - Funding optimization: Company expects a > $500M reduction of funding through 2030 (stated as reducing parent needs, including equity). - Earnings mix change: After 2027, management expects nearly 100% of earnings and future growth to be rate-based within the utility—aiming for higher-quality, more predictable earnings.
1H 2026 performance: storms + weather were the key drag; offset by rates and modeling discipline - YOY adjusted EPS variance: -$0.23 (unfavorable), but management says a meaningful portion reflects timing/benefits already contemplated in the 2026 plan (e.g., 1H 2025 liability management benefits). - Main operating headwind: storms (including a pending storm deferral filed with the commission as an offset lever). - Weather: Slight cooling/heating degree day differences led to ~-$0.08 YTD impact. - Positive drivers: new rates net of investment costs (notably from gas/electric orders) plus some continuing support from renewable investments at the utility.

Exclusive for Stockcircle Pro members

Sign upSign Up
$60.60

Current Fair Value

175.2% upside

Undervalued by 175.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$22.74 Billion
Enterprise Value$41.81 Billion
Dividend Yield$1.47 (3.09%)
Earnings per Share$3.53
Beta0.46
Outstanding Shares307,273,000

Return

Return on Equity10.77%ROE
Return on Assets2.54%
Return on Invested Capital4.17%

Valuation & Multiples

P/E Ratio21.3P/E Ratio
PEG-52.85PEG
Price to Sales0.79Price to Sales
Price to Book Ratio0.69Price to Book Ratio
Enterprise Value to Revenue4.74
Enterprise Value to EBIT27.24
Enterprise Value to Net Income40
Total Debt to Enterprise0.46
Debt to Equity2.01Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 28, 2026
EPS Estimate
$0.36
Average shareholder expectation
Revenue Estimate
$1.87 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$1.12
Average shareholder expectation
Revenue Estimate
$2.16 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.00000%
Total Calls-
Total Puts-

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.00%0%
Total Invested$9,414 85.72%
Investors Holding20%

ESG Score

No data

About CMS Energy Corporation

2,018 employees
CEO: Patricia Poppe