Morningstar - CMS Energy Corporation (CMS) CMS environmental and infrastructure investments drive growth.

Report

Morningstar

Mark Barnett

EUR 147.86 For Business Accounts Only

CMS' environmental and infrastructure investments drive growth.

We will be maintaining our $37 per share fair value estimate and our stable narrow moat rating for CMS Energy after the company reported earnings of $0.45 per share in the second quarter, up from $0.25 per share in second-quarter 2015. Adjusting for weather, earnings rose to $0.41 per share from $0.27, reflecting CMS' work on operations and maintenance to offset the first quarter, which was tough as a result of storms and very mild weather. Management continues to guide for 2016 EPS of $1.99-$2....

28/09/2016 14 EN

Underlying

CMS Energy Corporation

CMS Energy is a holding company. The company has several subsidiaries, including: Consumers Energy Company, an electric and gas utility that serves individuals and businesses operating in the alternative energy, automotive, chemical, food, and metal products industries, as well as a group of other industries; CMS Enterprises Company, through its subsidiaries and equity investments, is engaged in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production; and EnerBank USA, an industrial bank located in Utah that provides unsecured consumer installment loans, primarily for financing home improvements.

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US1258961002 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Mark Barnett

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CMS' environmental and infrastructure investments drive growth.

Moody's announces completion of a periodic review of ratings of CMS Energy Corporation and Consumers Energy Company

CMS Energy Corp: 1 director

CMS Energy Corporation: Update to credit analysis

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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