CMS Energy Corporation Overview
Pro stress-test →CMS Energy is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary Consumers Energy, primarily focused on providing electric and natural gas service to customers in Michigan. The company operates through electric, gas, and independent power generation segments, serving residential, commercial, and industrial customers.
Strategic Profile
Pro stress-test →The company's adjusted earnings for 2025 were $3.61 per share, exceeding guidance largely due to outperformance at NorthStar Clean Energy, with 2026 adjusted earnings guidance raised to $3.83-$3.90 per share and long-term growth of 6-8%. CMS Energy has a beta of 0.47, indicating its stock is 53% less volatile than the S&P 500, positioning it as a stable utility investment.
Competitive Landscape
Pro stress-test →CMS Energy operates as a large-cap utility company with three business segments: Electric Utility (involved in generation, purchase, transmission, distribution and sale of electricity through coal, wind, gas, renewable energy, oil and nuclear sources), Gas Utility, and Enterprises. The company competes with other regional regulated utilities and independent power producers in Michigan and beyond.
Industry Context
CMS Energy Corporation operates in Electric and Gas Utilities.
Key facts
Founded: N/A · Headquarters: Jackson, Michigan, US · Employees: N/A · Revenue: N/A · Market cap: $23.4B