CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and ...
CMS Energy Corporation, founded in 1886, is a diversified energy company headquartered in Jackson, Michigan. As a holding company, it operates primarily through its principal subsidiary, Consumers Energy, which is Michigan's largest utility. The company serves approximately 1.9 million electric and 1.8 million gas customers, catering to residential, commercial, and industrial sectors. CMS Energy's operations are segmented into Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment generates, purchases, distributes, and sells electricity from coal, wind, gas, renewable energy, oil, and nuclear sources, with an extensive distribution network including over 100,000 miles of lines and 1,102 substations. The Gas Utility segment manages the purchase, transmission, storage, distribution, and sale of natural gas, with 2,337 miles of transmission lines, 14 gas storage fields, and 28,433 miles of distribution mains. NorthStar Clean Energy focuses on independent power production and marketing, including the development and operation of renewable generation. Financially, CMS Energy has a market capitalization of approximately $22.27 billion, with an enterprise value of $41.33 billion. The company generates annual revenue of about $8.8 billion (TTM) and maintains a net profit margin of 11.6%. It has a dividend yield of 3.2% and a price-to-earnings ratio of 21.0. The company plans to invest $15.5 billion in utility capital over the next decade, aiming for organic long-term growth. Under the leadership of President and CEO Garrick J. Rochow, who assumed the role in 2024, CMS Energy employs around 8,350 full-time workers. The company is committed to environmental stewardship and community development, focusing on clean energy transitions and reliable service for its customers.
