CMS

CMS Energy Corporation is an integrated energy company providing electricity and natural gas to customers in Michigan through its principal subsidiary, Consumers Energy. The company operates through Electric Utility (electric generation, transmission, and distribution) and Gas Utility (natural gas distribution, transmission, and storage) segments serving millions of residential, commercial, and industrial customers. CMS Energy owns and operates electric generation facilities including natural gas, coal, renewable, and nuclear power plants, along with extensive transmission and distribution infrastructure. The company also operates natural gas pipelines, storage facilities, and distribution systems. Founded in 1886 and headquartered in Jackson, Michigan, CMS Energy provides essential utility services across Michigan's Lower Peninsula. The company benefits from regulated utility business models providing stable cash flows and allowed returns on invested capital. CMS Energy has committed to clean energy goals including coal plant retirements and renewable energy investments. The company faces challenges from energy transition, aging infrastructure requiring investments, regulatory proceedings, and Michigan economic conditions. CMS Energy maintains consistent dividend growth attractive to income investors and continues to invest in grid modernization and renewable energy.