CMS Energy Corporation has been active both financially and operationally, when compared to its competitors, occasionally outperforming, and sometimes underperforming. The company's Q4 2023 and Q1 2024
earnings matched expectation, despite a moderate decrease in revenues. Progressive success is noted as CMS delivered solid 2023 results and raised its 2024 Adjusted
EPS Guidance.
Morgan Stanley has even increased the price target to $61.00. Furthermore,
BTG Pactual Global Asset Management Ltd invested $1.72 million into the company and its
dividend pay-outs have increased by 5.7%.
CMS Energy's arm divested Appliance Service Plan Business, and another arm is set to construct a large-scale solar farm in Michigan and supply clean energy to Walmart stores. Meanwhile, leadership changes occurred and an insider sale was made by Senior Vice President, Brian Rich. The company has faced criticism for its debt usage but seems to be offsetting risks with steps towards combating climate change. The company also unveiled NorthStar Clean Energy to serve corporate clients more efficiently. Lastly, CMS Energy acknowledged
Patti Poppe's departure as CEO, and announced
Garrick Rochow as the new President and CEO.
Cms Energy Corporation CMS News Analytics from Wed, 06 Jun 2018 07:00:00 GMT to Mon, 03 Jun 2024 00:53:22 GMT -
Rating 6
- Innovation 0
- Information 8
- Rumor -4
