AllAnalyst Report
logoArgusJune 10, 2021

CMS Energy Corporation: Pullback offers favorable entry point

Symbols
CMS
Sector(s)
Utilities
Rating
Current Price
$62.26
Price Target
Earnings Estimate
Summary

CMS Energy is a Michigan-based holding company with electric and natural gas utilities. It is the parent holding company of several subsidiaries, including Consumers, an electric and gas utility, and CMS Enterprises, primarily a domestic independent power producer. Consumers' consolidated operations account for substantially all of CMS Energy's total assets, income and operating revenue. Consumers owns and operates electric distribution and generation facilities and gas transmission, storage and distribution facilities serving 6.7 million of Michigan's 10 million residents. The company's rates and other aspects of its business are subject to the jurisdiction of the MPSC and FERC. Its nonutility businesses are focused on domestic independent power production.

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