Report
Travis Miller
EUR 101.80 For Business Accounts Only

CMS Energy's Growth Machine Chugs Along

We are reaffirming our $40 fair value estimate and narrow moat and stable moat trend ratings for CMS Energy after the company reported earnings per share of $2.17 in 2017, up 7% from 2016 on an adjusted basis. The 2017 results were in line with our estimate and management’s $2.15-$2.18 guidance.
Management also raised its 2018 adjusted EPS guidance range to $2.30-$2.34, in line with our $2.32 estimate. Our estimate had been at the high end of management's previous $2.29-$2.33 range. Hitting our ...
Provider
Morningstar
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.

Analysts
Travis Miller

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