Company profile

Ticker
CMS-PB
Exchange
CEO
Patricia K. Poppe
Employees
Incorporated in
Location
Fiscal year end
Former names
Consumers Power Co
SEC CIK
IRS number
380442310

CMS-PB stock data

(
)

Calendar

27 Apr 20
8 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 1.45B 2.06B 1.83B 1.6B
Net income 93M 213M 108M 169M
Diluted EPS 0.33 0.75 0.38 0.59
Net profit margin 6.44% 10.34% 5.90% 10.57%
Operating income 218M 359M 250M 294M
Net change in cash 78M 81M -170M -154M
Cash on hand 312M 234M 153M 323M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 6.87B 6.58B 6.4B 6.46B
Net income 657M 460M 551M 523M
Diluted EPS 2.32 1.64 1.98 1.89
Net profit margin 9.56% 6.99% 8.61% 8.10%
Operating income 1.16B 1.34B 1.26B 1.18B
Net change in cash -29M -53M -31M 59M
Cash on hand 153M 182M 235M 266M

Financial data from company earnings reports

92.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 550 572 -3.8%
Opened positions 68 77 -11.7%
Closed positions 90 62 +45.2%
Increased positions 187 220 -15.0%
Reduced positions 221 197 +12.2%
13F shares
Current Prev Q Change
Total value 168.22B 184.69B -8.9%
Total shares 263.97M 264.04M -0.0%
Total puts 158.5K 9.5K +1568.4%
Total calls 232.6K 378.1K -38.5%
Total put/call ratio 0.7 0.0 +2612.1%
Largest owners
Shares Value Change
Vanguard 37.53M $2.21B +3.0%
BLK BlackRock 25.61M $1.5B -0.9%
JPM JPMorgan Chase & Co. 16.56M $972.81M -16.2%
STT State Street 16.26M $955.47M +4.3%
Capital World Investors 15.06M $884.89M +0.0%
BK Bank Of New York Mellon 8.17M $479.82M -17.2%
Pictet Asset Management 6.11M $358.97M +9.8%
Capital International Investors 5.2M $305.36M +42.8%
BEN Franklin Resources 5.09M $299.25M -0.4%
FRLG Goldman Sachs 4.94M $290.23M +63.2%
Largest transactions
Shares Bought/sold Change
JPM JPMorgan Chase & Co. 16.56M -3.19M -16.2%
SLFPF Standard Life Aberdeen 1.22M -1.98M -61.9%
FRLG Goldman Sachs 4.94M +1.91M +63.2%
Norges Bank 0 -1.88M EXIT
BK Bank Of New York Mellon 8.17M -1.7M -17.2%
Capital International Investors 5.2M +1.56M +42.8%
GQG Partners 1.48M +1.48M NEW
Brookfield Public Securities 2.47M +1.31M +111.8%
ExodusPoint Capital Management 31.2K -1.27M -97.6%
Artisan Partners Limited Partnership 2.1M +1.24M +142.5%

Financial report summary

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Risks
  • CMS Energy depends on dividends from its subsidiaries to meet its debt service obligations.
  • CMS Energy has indebtedness that could limit its financial flexibility and its ability to meet its debt service obligations.
  • CMS Energy and Consumers have financing needs and could be unable to obtain bank financing or access the capital markets.
  • There are risks associated with Consumers’ substantial capital investment program planned for the next ten years.
  • Changes to ROA could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • CMS Energy and Consumers are subject to rate regulation, which could have an adverse effect on financial results.
  • Utility regulation, state or federal legislation, and compliance could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • CMS Energy and Consumers could incur substantial costs to comply with environmental requirements.
  • CMS Energy’s and Consumers’ businesses could be affected adversely by any delay in meeting environmental requirements.
  • CMS Energy and Consumers expect to incur additional substantial costs related to remediation of legacy environmental sites.
  • CMS Energy and Consumers could be affected adversely by legacy litigation and retained liabilities.
  • CMS Energy’s and Consumers’ energy sales and operations are affected by seasonal factors and varying weather conditions from year to year.
  • Consumers is exposed to risks related to general economic conditions in its service territories.
  • CMS Energy and Consumers are subject to information security risks, risks of unauthorized access to their systems, and technology failures.
  • CMS Energy’s and Consumers’ businesses have liability risks.
  • CMS Energy’s and Consumers’ revenues and results of operations are subject to risks that are beyond their control, including but not limited to natural disasters, terrorist attacks and related acts of war, cyber incidents, vandalism, and other catastrophic events.
  • CMS Energy and Consumers are exposed to significant reputational risks.
  • Consumers is exposed to changes in customer usage that could impact financial results.
  • Energy risk management strategies might not be effective in managing fuel and electricity pricing risks, which could result in unanticipated liabilities to CMS Energy and Consumers or increased volatility in their earnings.
  • CMS Energy and Consumers are exposed to counterparty risk.
  • Consumers might not be able to obtain an adequate supply of natural gas or coal, which could limit its ability to operate its electric generation facilities or serve its natural gas customers.
  • Market performance and other changes could decrease the value of employee benefit plan assets, which then could require substantial funding.
  • A work interruption or other union actions could adversely affect Consumers.
  • Failure to attract and retain an appropriately qualified workforce could adversely impact CMS Energy’s and Consumers’ results of operations.
  • Unplanned outages or maintenance could be costly for CMS Energy or Consumers.
  • Changes in taxation as well as the inherent difficulty in quantifying potential tax effects of business decisions could negatively impact CMS Energy and Consumers.
  • CMS Energy and its subsidiaries, including Consumers and EnerBank, must comply with the Dodd-Frank Act and its related regulations, which are subject to change and could involve material costs or affect operations.
Management Discussion
  • For specific after-tax changes to net income available to common stockholders for 2018 versus 2017, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations—CMS Energy Consolidated Results of Operations, in the Form 10‑K for the fiscal year ended December 31, 2018, filed February 5, 2019.
  • For detailed changes to the electric utility’s net income available to common stockholders for 2018 versus 2017, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations—Consumers Electric Utility Results of Operations, in the Form 10-K for the fiscal year ended December 31, 2018, filed February 5, 2019.
  • For detailed changes to the gas utility’s net income available to common stockholders for 2018 versus 2017, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations—Consumers Gas Utility Results of Operations, in the Form 10-K for the fiscal year ended December 31, 2018, filed February 5, 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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