CMS Energy Corp.

CMS Energy Corp.

CMS Energy Corp.

Overview
Date Founded

1987

Headquarters

One Energy Plaza, Jackson, MI, 49201, USA

Type of Company

Public

Employees (Worldwide)

8,789

Industries

Power & Utilities
Other Business & Consulting Services
Oil & Gas
Computer Software

Company Description

CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity. The Gas Utility segment is comprised of the purchase, transmission, storage, distribution and sale of natural gas The Enterprises segment engages primarily in domestic independent power production, marketing of independent power production and the development and operation of renewable generation. The company was founded in 1987 and is headquartered in Jackson, MI.

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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer & Executive Vice President

Senior Vice President & General Counsel of CMS Energy Corporation & Consumers Energy Company

Vice President & Deputy General Counsel of CMS Energy Corporation & Consumers Energy Company

Chief Compliance Officer

Chief Customer Officer & Senior Vice President

Vice President, Controller & Chief Accounting Officer

Chief Diversity Officer & Vice President

Vice President of Consumers Energy Company

Vice President of Consumers Energy Company

Board of Directors

Former President & Chief Executive Officer at CMS Energy Corp.

President & Chief Executive Officer at La-Z-Boy Incorporated

President & Chief Executive Officer at LJ Holdings Investment Company LLC

Co-Founder at Siebert Williams Shank & Co. LLC

Former Chief Financial Officer at Spirit AeroSystems, Inc.

Vice President & Chief Financial Officer at Masco Corporation

Former President at Empire Exploration, Inc.

Former Chief Information Officer & Executive Vice President-Planning at Norfolk Southern Corporation

Chief Strategy & Trust Officer at Forcepoint LLC

General Partner at Shade Tree Investments Ltd.

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CMS Energy Corp.
Owners & Shareholders
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NIM is a thematic, team-oriented manager which conducts in-house research to identify themes and trends that influence, or are likely to influence, economies or stock markets globally. The firm is a holistic investor which follows global trends and economic developments as they interpret them. Their economists, analysts, portfolio managers and strategists develop and apply themes which are their interpretation of the forces of global change affecting companies. They focus their research on the areas that they believe are most likely to yield the best performing securities. NIM's analysts seek out companies with attractive value and strong fundamentals which may benefit from one or more themes. Portfolio managers construct equity and fixed-income model portfolios in teams. Risk is assessed throughout the investment process and a specialist team formally monitors portfolio risk using risk models and other controls.

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PSG is a global investment manager that focuses on specialized equity and fixed income real assets securities investments and energy-related master limited partnerships or MLPs and infrastructure investments. The firm's fixed-income strategies include investments in below investment grade and investment grade publicly traded debt securities of global real estate, infrastructure and natural resources companies. For their equity strategies, PSG incorporates a value-based approach and a long-term investment horizon. They utilize a fundamental, bottom-up, value-based stock selection methodology, with a focus on under-followed, out-of-favor companies complemented by a top-down overlay.

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Reaves Asset Management is a value-based investors which invest in electric, gas, and water utilities, energy companies, telecommunications companies, and the companies that support these industries. Their investment decision-making process is a combination of top down macro-analysis and bottom-up stock selection. Investment decisions are driven by fundamental research and an assessment of the relative value of each investment. Reaves Asset Management currently offers three investment strategies within its area of specialization: Long Term Value, Current Income and Inflation Hedge.

Recent Transactions
Details Hidden

CMS Energy Corp., Consumers Energy Company purchase Alphagen Power LLC /564 MW Jackson Facility from JPMorgan Chase & Co.

Details Hidden

Energy Transfer Operating LP purchases Texon Crude Oil LLC from CMS Energy Corp.

Details Hidden

Energy Transfer Operating LP purchases Texon LP /Butane Bledning Business from CMS Energy Corp.

Transaction Advisors
Accountant

Advised onCMS Energy Corp. purchases Panhandle Eastern Pipe Line Co. LP from Duke Power Co. LLC

Accountant

Advised onGreat Energy Alliance Corp. Pty Ltd. purchases Loy Yang Power Management Pty Ltd.

Legal Advisor

Advised onCMS Energy Corp. purchases Panhandle Eastern Pipe Line Co. LP from Duke Power Co. LLC

Legal Advisor

Advised onCPFL Energia SA purchases CMS Energy Brasil SA from CMS Energy Corp.

Legal Advisor

Advised onCPFL Energia SA purchases CMS Energy Brasil SA from CMS Energy Corp.

Legal Advisor

Advised onLucid Energy LLC purchases CMS Energy Corp. /Latin America & Michigan Ops from CMS Energy Corp.

Clients

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.

Dairyland Power Cooperative provides electricity generation and transmission services. The firm provides the wholesale electrical requirements and other services for 25 electric distribution cooperatives and 19 municipal utilities in the Upper Midwest. The company was founded in 1941 and is headquartered in La Crosse, WI.

Key Stats and Financials As of 2019
Market Capitalization
$16.5B
Total Enterprise Value
$31B
Earnings Per Share
$2.39
Revenue
$6.84B
Enterprise Value / Sales
4.53x
TEVNet Income
45.64x
Debt TEV
0.43x
Total Equity
$5.06B
Total Debt
$13.3B
Net Profit
$680M
EBITDAMargin
32.59%
Enterprise Value EBITDAOperating
13.89x
EBITDA
$2.23B
Three Year Compounded Annual Growth Rate Of Revenue
2.27%
Non-Profit Donations & Grants
Political Donations
$250
2013
$2,500
2013
$2,500
2013
Investments
Details Hidden

Part of Enel SpA, GasAtacama Holding Ltda. is a Chilean company. The firm operates as a holding company with interests in generating electricity and distributing natural gas.

Suppliers
Entergy Corporation Advertising & Marketing | New Orleans, LA

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.

Atlantic Power Corp. Power & Utilities | Boston, Massachusetts

Atlantic Power is a leading publicly traded, power generation and infrastructure company with a well-diversified portfolio of assets in the United States and Canada. The Company's corporate strategy is to increase the value of the Company through accretive acquisitions in North American markets while generating stable, contracted cash flows from its existing assets. The Company's power generation projects sell electricity to utilities and other large commercial customers under long-term PPAs, which seek to minimize exposure to changes in commodity prices. The net generating capacity of the Company's projects is approximately 2,560 MW, consisting of interests in 33 operational power generation projects across 12 states and 2 provinces and also an 84-mile, 500 kilovolt electric transmission line located in California. In addition, the Company has a 53 MW biomass project under construction in Georgia, which is expected to achieve COD in the first quarter of 2013. Atlantic Power owns a majority interest in Rollcast Energy, a biomass power plant developer in Charlotte, NC. The Company also owns Ridgeline, a renewable development company in Seattle, WA with approximately 1,000 MW of wind and solar projects under development. Atlantic Power is incorporated in British Columbia, is headquartered in Boston and has offices in Chicago, Toronto, Vancouver, Seattle and San Diego. Atlantic Power has a market capitalization of approximately $1.4 billion and trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP.

ITC Holdings Corp. Appliances & Electronics | Novi, MI

Welcome to ITC ~ We’re Your Energy Superhighway! ITC Holdings Corp. (NYSE: ITC) invests in the electricity transmission grid to improve electric reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. The largest independent electricity transmission company in the country, ITC operates high-voltage transmission systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri and Kansas, serving a combined peak load in excess of 25,000 megawatts through its regulated operating subsidiaries, ITCTransmission, Michigan Electric Transmission Company (METC®), ITC Midwest and ITC Great Plains. ITC also focuses on new areas where significant transmission system improvements are needed through ITC Grid Development and its subsidiaries

Awards & Honors
Rank #403
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #403
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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