CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079CMSD

$22.29+0.00 (+0.00%)
NYSEUtilities24:00 UTC

Company snapshot

Market Cap
$7B
Mid-cap
-1%
2019 — today
10-Year Price
-9%
2019 — today
52-Week Range
$22.10$24.70
Current $22.29· 7%

Operating primarily in Michigan, CMS Energy Corporation functions as an energy provider, structured into three principal divisions: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment manages the full spectrum of electricity services, from generating power using a varied portfolio including coal, wind, gas, renewable sources, oil, and nuclear, to its purchase, transmission, distribution, and ultimate sale. This division maintains a substantial infrastructure, featuring extensive overhead and underground distribution lines, numerous substations, and several battery facilities. Meanwhile, the Gas Utility segment focuses on the acquisition, transport, storage, distribution, and sale of natural gas, supported by a broad network of transmission lines, multiple gas storage fields, and compressor stations. The Enterprises segment is dedicated to independent power production and marketing, with a notable emphasis on the development and operation of renewable energy projects. Overall, CMS Energy caters to a significant clientele, providing electricity to 1.9 million customers and natural gas to 1.8 million, encompassing residential, commercial, and various industrial sectors. The company was founded in 1987 and is headquartered in Jackson, Michigan.

Valuation in context

P/E ratio
6.2
Historically cheap
Historically cheap relative to the last 10 years
P/B ratio
0.7
Near historic low
Near historic low — last 10 years
EV / EBITDA
8.8
Historically pricey
Historically pricey — last 10 years
Dividend Yield
6.6%
Near historic high
Near historic highs — last 10 years
PEG ratio
1.1
Below average
Below the 10-year average
FCF Yield
26.1%
Near historic high
Near historic highs — last 10 years
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