CMS Energy Corporation (NYSE:CMS)
March 14th, 2019
CMS Energy Corporation fell ($0.15) Thursday which equals a 0.27% drop, closing at $55.15. Despite the drop in price it hit a new 52 week high of $55.49. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.93.
CMS was outperformed by the rest of the Utilities sector which went down just -0.14%.
CMS Energy Corporation is listed on the S&P 500 index, and was one of 257 stocks that dropped today. Weighted by market cap, CMS represents about 0.06% of the S&P 500.
Expectations from 16 analysts points to the possibility that CMS Energy Corporation might decline somewhat (-1.86%), while Finbox has calculated (with low uncertainty) a fair value price of $46.62.
The market sectors were mixed Thursday with a majority of the sectors trending down. Financials saw the biggest increase of the day (0.41%), while Materials saw the biggest drop (-0.79%). Information Technology has seen the biggest year-to-date gain at 16.35%.
Materials and Communication Services saw turn arounds from their five day positive performance, Materials with a drop of -0.79%.
- Financials went up with a 0.41% change.
- Information Technology went up with a 0.20% change.
- Energy went up with a 0.06% change.
- Real Estate went up with a 0.04% change.
- Utilities went down with a -0.14% change.
- Healthcare went down with a -0.25% change.
- Consumer Staples went down with a -0.28% change.
- Consumer Discretionary went down with a -0.31% change.
- Industrials went down with a -0.35% change.
- Communication Services went down with a -0.40% change.
- Materials went down with a -0.79% change.
CMS Energy Corporation Info
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources. This segment’s transmission and distribution system includes 214 miles of transmission overhead lines; 188 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,431 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 56,098 miles of electric distribution overhead lines; 10,665 miles of underground distribution lines; and substations. The Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas. This segment’s gas transmission, storage, and distribution system comprises 1,672 miles of transmission lines; 15 gas storage fields; 28,194 miles of distribution mains; and 8 compressor stations. The Enterprises segment engages in the independent power production and marketing activities; and development of renewable generation. This segment owns interests in independent power plants totaling 1,203 megawatts. The company also operates an industrial bank providing unsecured consumer installment loans for financing home improvements. It serves 1.8 million electric customers and 1.8 million gas customers, including residential, commercial, and diversified industrial customers in Michigan’s Lower Peninsula. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that CMS Energy Corporation’s score is 0.93) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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