Intrinsic value of CMS Energy - CMS

Previous Close

$49.69

  Intrinsic Value

$19.84

stock screener

  Rating & Target

str. sell

-60%

Previous close

$49.69

 
Intrinsic value

$19.84

 
Up/down potential

-60%

 
Rating

str. sell

We calculate the intrinsic value of CMS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 14.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.00
  3.20
  3.38
  3.54
  3.69
  3.82
  3.94
  4.04
  4.14
  4.23
  4.30
  4.37
  4.44
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
Revenue, $m
  6,780
  6,997
  7,234
  7,490
  7,766
  8,063
  8,380
  8,719
  9,080
  9,464
  9,871
  10,303
  10,760
  11,243
  11,754
  12,293
  12,862
  13,462
  14,095
  14,762
  15,464
  16,203
  16,981
  17,800
  18,662
  19,568
  20,521
  21,524
  22,577
  23,685
Variable operating expenses, $m
  3,648
  3,765
  3,892
  4,030
  4,178
  4,338
  4,509
  4,691
  4,885
  5,092
  5,311
  5,543
  5,789
  6,049
  6,323
  6,614
  6,920
  7,243
  7,583
  7,942
  8,319
  8,717
  9,136
  9,577
  10,040
  10,528
  11,040
  11,580
  12,147
  12,742
Fixed operating expenses, $m
  1,482
  1,515
  1,548
  1,582
  1,617
  1,652
  1,689
  1,726
  1,764
  1,803
  1,842
  1,883
  1,924
  1,966
  2,010
  2,054
  2,099
  2,145
  2,192
  2,241
  2,290
  2,340
  2,392
  2,444
  2,498
  2,553
  2,609
  2,667
  2,725
  2,785
Total operating expenses, $m
  5,130
  5,280
  5,440
  5,612
  5,795
  5,990
  6,198
  6,417
  6,649
  6,895
  7,153
  7,426
  7,713
  8,015
  8,333
  8,668
  9,019
  9,388
  9,775
  10,183
  10,609
  11,057
  11,528
  12,021
  12,538
  13,081
  13,649
  14,247
  14,872
  15,527
Operating income, $m
  1,651
  1,718
  1,794
  1,879
  1,971
  2,073
  2,183
  2,303
  2,431
  2,570
  2,718
  2,877
  3,047
  3,228
  3,420
  3,625
  3,843
  4,074
  4,319
  4,579
  4,854
  5,145
  5,453
  5,779
  6,124
  6,487
  6,871
  7,277
  7,705
  8,157
EBITDA, $m
  2,560
  2,657
  2,764
  2,883
  3,013
  3,154
  3,307
  3,472
  3,649
  3,839
  4,042
  4,258
  4,489
  4,735
  4,996
  5,274
  5,568
  5,879
  6,209
  6,558
  6,928
  7,318
  7,730
  8,166
  8,626
  9,111
  9,623
  10,163
  10,732
  11,332
Interest expense (income), $m
  427
  566
  595
  628
  664
  703
  745
  790
  838
  890
  945
  1,003
  1,065
  1,131
  1,201
  1,275
  1,352
  1,434
  1,521
  1,613
  1,709
  1,811
  1,918
  2,030
  2,149
  2,274
  2,405
  2,543
  2,688
  2,841
  3,002
Earnings before tax, $m
  1,084
  1,124
  1,167
  1,215
  1,269
  1,328
  1,393
  1,464
  1,541
  1,625
  1,715
  1,812
  1,916
  2,027
  2,146
  2,273
  2,409
  2,553
  2,707
  2,870
  3,044
  3,228
  3,423
  3,630
  3,850
  4,082
  4,328
  4,589
  4,864
  5,155
Tax expense, $m
  293
  303
  315
  328
  343
  359
  376
  395
  416
  439
  463
  489
  517
  547
  579
  614
  650
  689
  731
  775
  822
  872
  924
  980
  1,039
  1,102
  1,169
  1,239
  1,313
  1,392
Net income, $m
  792
  820
  852
  887
  926
  970
  1,017
  1,069
  1,125
  1,186
  1,252
  1,323
  1,398
  1,480
  1,567
  1,659
  1,758
  1,864
  1,976
  2,095
  2,222
  2,356
  2,499
  2,650
  2,810
  2,980
  3,160
  3,350
  3,551
  3,763

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  23,708
  24,467
  25,294
  26,190
  27,155
  28,192
  29,302
  30,487
  31,749
  33,091
  34,514
  36,023
  37,621
  39,311
  41,097
  42,982
  44,972
  47,071
  49,283
  51,614
  54,069
  56,654
  59,375
  62,239
  65,251
  68,420
  71,753
  75,257
  78,941
  82,814
Adjusted assets (=assets-cash), $m
  23,708
  24,467
  25,294
  26,190
  27,155
  28,192
  29,302
  30,487
  31,749
  33,091
  34,514
  36,023
  37,621
  39,311
  41,097
  42,982
  44,972
  47,071
  49,283
  51,614
  54,069
  56,654
  59,375
  62,239
  65,251
  68,420
  71,753
  75,257
  78,941
  82,814
Revenue / Adjusted assets
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
Average production assets, $m
  16,727
  17,263
  17,846
  18,478
  19,160
  19,892
  20,675
  21,511
  22,401
  23,347
  24,352
  25,417
  26,544
  27,736
  28,996
  30,327
  31,731
  33,211
  34,772
  36,417
  38,149
  39,973
  41,893
  43,913
  46,039
  48,275
  50,626
  53,099
  55,698
  58,430
Working capital, $m
  787
  812
  839
  869
  901
  935
  972
  1,011
  1,053
  1,098
  1,145
  1,195
  1,248
  1,304
  1,363
  1,426
  1,492
  1,562
  1,635
  1,712
  1,794
  1,880
  1,970
  2,065
  2,165
  2,270
  2,380
  2,497
  2,619
  2,747
Total debt, $m
  11,010
  11,623
  12,290
  13,013
  13,792
  14,629
  15,525
  16,481
  17,500
  18,582
  19,731
  20,949
  22,238
  23,602
  25,043
  26,565
  28,170
  29,864
  31,649
  33,530
  35,512
  37,598
  39,794
  42,105
  44,536
  47,093
  49,783
  52,610
  55,584
  58,709
Total liabilities, $m
  19,132
  19,745
  20,412
  21,135
  21,914
  22,751
  23,647
  24,603
  25,622
  26,704
  27,853
  29,071
  30,360
  31,724
  33,165
  34,687
  36,292
  37,986
  39,771
  41,652
  43,634
  45,720
  47,916
  50,227
  52,658
  55,215
  57,905
  60,732
  63,706
  66,831
Total equity, $m
  4,576
  4,722
  4,882
  5,055
  5,241
  5,441
  5,655
  5,884
  6,128
  6,386
  6,661
  6,953
  7,261
  7,587
  7,932
  8,296
  8,680
  9,085
  9,512
  9,961
  10,435
  10,934
  11,459
  12,012
  12,594
  13,205
  13,848
  14,525
  15,236
  15,983
Total liabilities and equity, $m
  23,708
  24,467
  25,294
  26,190
  27,155
  28,192
  29,302
  30,487
  31,750
  33,090
  34,514
  36,024
  37,621
  39,311
  41,097
  42,983
  44,972
  47,071
  49,283
  51,613
  54,069
  56,654
  59,375
  62,239
  65,252
  68,420
  71,753
  75,257
  78,942
  82,814
Debt-to-equity ratio
  2.410
  2.460
  2.520
  2.570
  2.630
  2.690
  2.750
  2.800
  2.860
  2.910
  2.960
  3.010
  3.060
  3.110
  3.160
  3.200
  3.250
  3.290
  3.330
  3.370
  3.400
  3.440
  3.470
  3.510
  3.540
  3.570
  3.590
  3.620
  3.650
  3.670
Adjusted equity ratio
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  792
  820
  852
  887
  926
  970
  1,017
  1,069
  1,125
  1,186
  1,252
  1,323
  1,398
  1,480
  1,567
  1,659
  1,758
  1,864
  1,976
  2,095
  2,222
  2,356
  2,499
  2,650
  2,810
  2,980
  3,160
  3,350
  3,551
  3,763
Depreciation, amort., depletion, $m
  909
  938
  970
  1,004
  1,041
  1,081
  1,124
  1,169
  1,217
  1,269
  1,323
  1,381
  1,443
  1,507
  1,576
  1,648
  1,724
  1,805
  1,890
  1,979
  2,073
  2,172
  2,277
  2,387
  2,502
  2,624
  2,751
  2,886
  3,027
  3,176
Funds from operations, $m
  1,701
  1,759
  1,822
  1,891
  1,967
  2,051
  2,141
  2,238
  2,343
  2,455
  2,575
  2,704
  2,841
  2,987
  3,142
  3,308
  3,483
  3,669
  3,866
  4,074
  4,295
  4,529
  4,776
  5,037
  5,313
  5,604
  5,911
  6,236
  6,578
  6,939
Change in working capital, $m
  23
  25
  27
  30
  32
  34
  37
  39
  42
  45
  47
  50
  53
  56
  59
  63
  66
  70
  73
  77
  81
  86
  90
  95
  100
  105
  111
  116
  122
  128
Cash from operations, $m
  1,678
  1,733
  1,794
  1,861
  1,935
  2,016
  2,104
  2,199
  2,301
  2,411
  2,528
  2,654
  2,788
  2,931
  3,083
  3,245
  3,417
  3,599
  3,792
  3,997
  4,214
  4,443
  4,685
  4,942
  5,213
  5,499
  5,801
  6,119
  6,456
  6,811
Maintenance CAPEX, $m
  -883
  -909
  -938
  -970
  -1,004
  -1,041
  -1,081
  -1,124
  -1,169
  -1,217
  -1,269
  -1,323
  -1,381
  -1,443
  -1,507
  -1,576
  -1,648
  -1,724
  -1,805
  -1,890
  -1,979
  -2,073
  -2,172
  -2,277
  -2,387
  -2,502
  -2,624
  -2,751
  -2,886
  -3,027
New CAPEX, $m
  -489
  -535
  -583
  -632
  -681
  -732
  -783
  -836
  -890
  -946
  -1,005
  -1,065
  -1,127
  -1,192
  -1,260
  -1,330
  -1,404
  -1,481
  -1,561
  -1,645
  -1,732
  -1,824
  -1,920
  -2,020
  -2,126
  -2,236
  -2,351
  -2,472
  -2,599
  -2,732
Cash from investing activities, $m
  -1,372
  -1,444
  -1,521
  -1,602
  -1,685
  -1,773
  -1,864
  -1,960
  -2,059
  -2,163
  -2,274
  -2,388
  -2,508
  -2,635
  -2,767
  -2,906
  -3,052
  -3,205
  -3,366
  -3,535
  -3,711
  -3,897
  -4,092
  -4,297
  -4,513
  -4,738
  -4,975
  -5,223
  -5,485
  -5,759
Free cash flow, $m
  306
  289
  272
  259
  250
  243
  240
  239
  241
  247
  255
  266
  279
  296
  316
  339
  365
  394
  426
  463
  502
  546
  593
  645
  700
  761
  826
  896
  971
  1,051
Issuance/(repayment) of debt, $m
  523
  612
  667
  723
  779
  837
  896
  956
  1,018
  1,083
  1,149
  1,218
  1,289
  1,364
  1,441
  1,522
  1,606
  1,694
  1,785
  1,881
  1,981
  2,086
  2,196
  2,311
  2,431
  2,557
  2,689
  2,828
  2,973
  3,125
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  523
  612
  667
  723
  779
  837
  896
  956
  1,018
  1,083
  1,149
  1,218
  1,289
  1,364
  1,441
  1,522
  1,606
  1,694
  1,785
  1,881
  1,981
  2,086
  2,196
  2,311
  2,431
  2,557
  2,689
  2,828
  2,973
  3,125
Total cash flow (excl. dividends), $m
  829
  901
  940
  982
  1,029
  1,080
  1,135
  1,195
  1,260
  1,329
  1,404
  1,483
  1,569
  1,660
  1,757
  1,860
  1,970
  2,087
  2,212
  2,344
  2,484
  2,632
  2,789
  2,955
  3,132
  3,318
  3,515
  3,723
  3,944
  4,176
Retained Cash Flow (-), $m
  -135
  -146
  -160
  -173
  -186
  -200
  -214
  -229
  -244
  -259
  -275
  -291
  -308
  -326
  -345
  -364
  -384
  -405
  -427
  -450
  -474
  -499
  -525
  -553
  -581
  -612
  -643
  -676
  -711
  -747
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  695
  755
  780
  810
  843
  880
  921
  967
  1,016
  1,070
  1,129
  1,192
  1,260
  1,334
  1,412
  1,496
  1,586
  1,682
  1,785
  1,894
  2,010
  2,133
  2,264
  2,403
  2,550
  2,706
  2,872
  3,047
  3,233
  3,429
Discount rate, %
  9.80
  10.29
  10.80
  11.34
  11.91
  12.51
  13.13
  13.79
  14.48
  15.20
  15.96
  16.76
  17.60
  18.48
  19.40
  20.37
  21.39
  22.46
  23.58
  24.76
  26.00
  27.30
  28.67
  30.10
  31.61
  33.19
  34.85
  36.59
  38.42
  40.34
PV of cash for distribution, $m
  633
  621
  574
  527
  480
  434
  388
  344
  301
  260
  221
  186
  153
  124
  99
  77
  59
  44
  32
  23
  16
  11
  7
  4
  3
  2
  1
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production. The Company is the parent holding company of various subsidiaries, including Consumers Energy Company (Consumers), an electric and gas utility company, and CMS Enterprises Company (CMS Enterprises), a domestic independent power producer. Consumers serves individuals and businesses operating in the alternative energy, automotive, chemical, metal, and food products industries, as well as a group of other industries.

FINANCIAL RATIOS  of  CMS Energy (CMS)

Valuation Ratios
P/E Ratio 25.2
Price to Sales 2.2
Price to Book 3.3
Price to Tangible Book
Price to Cash Flow 8.5
Price to Free Cash Flow -322.6
Growth Rates
Sales Growth Rate -0.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 6.9%
Cap. Spend. - 3 Yr. Gr. Rate 3.9%
Financial Strength
Quick Ratio 0
Current Ratio 0.1
LT Debt to Equity 205.7%
Total Debt to Equity 235.9%
Interest Coverage 3
Management Effectiveness
Return On Assets 4%
Ret/ On Assets - 3 Yr. Avg. 4%
Return On Total Capital 4%
Ret/ On T. Cap. - 3 Yr. Avg. 4%
Return On Equity 13.5%
Return On Equity - 3 Yr. Avg. 13.5%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 32.3%
EBITDA Margin - 3 Yr. Avg. 29.1%
Operating Margin 20.3%
Oper. Margin - 3 Yr. Avg. 18.1%
Pre-Tax Margin 12.9%
Pre-Tax Margin - 3 Yr. Avg. 11.8%
Net Profit Margin 8.6%
Net Profit Margin - 3 Yr. Avg. 7.8%
Effective Tax Rate 33.1%
Eff/ Tax Rate - 3 Yr. Avg. 33.8%
Payout Ratio 63%

CMS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CMS stock intrinsic value calculation we used $6583 million for the last fiscal year's total revenue generated by CMS Energy. The default revenue input number comes from 0001 income statement of CMS Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CMS stock valuation model: a) initial revenue growth rate of 3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.8%, whose default value for CMS is calculated based on our internal credit rating of CMS Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CMS Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CMS stock the variable cost ratio is equal to 53.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1450 million in the base year in the intrinsic value calculation for CMS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for CMS Energy.

Corporate tax rate of 27% is the nominal tax rate for CMS Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CMS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CMS are equal to 246.7%.

Life of production assets of 18.4 years is the average useful life of capital assets used in CMS Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CMS is equal to 11.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4441 million for CMS Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 283.265 million for CMS Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CMS Energy at the current share price and the inputted number of shares is $14.1 billion.

RELATED COMPANIES Price Int.Val. Rating
WEC WEC Energy Gro 69.07 34.45  sell
DTE DTE Energy 111.24 44.09  str.sell
LNT Alliant Energy 43.08 4.47  str.sell
AEE Ameren 64.78 29.99  str.sell
XEL Xcel Energy 48.27 18.52  str.sell

COMPANY NEWS

▶ Why CMS Energy (CMS) is a Top Dividend Stock   [Sep-13-18 09:15AM  Zacks]
▶ CMS Energy: 2Q Earnings Snapshot   [07:44AM  Associated Press]
▶ 4 Utility Stocks to Buy as US-China Trade War Escalates   [Jul-13-18 10:52AM  InvestorPlace]
▶ CMS Energy to Announce Second-Quarter Results on July 26   [Jul-12-18 04:30PM  PR Newswire]
▶ Concho Resources, CMS Energy climb while Conagra stumbles   [Jun-27-18 04:31PM  Associated Press]
▶ Should You Buy CMS Energy Corporation (NYSE:CMS) Now?   [Jun-25-18 12:00PM  Simply Wall St.]
▶ You Should Diversify With These Dividend Stocks   [May-23-18 09:02AM  Simply Wall St.]
▶ CMS Energy: 1Q Earnings Snapshot   [08:02AM  Associated Press]
▶ April Dividend Favorites Hasbro And More   [Apr-20-18 09:02AM  Simply Wall St.]
▶ February Top Dividend Paying Stocks   [08:02AM  Simply Wall St.]
▶ CMS Energy reports 4Q loss   [08:28AM  Associated Press]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.