CMS ENERGY CORP - CMS STOCK NEWS

Consumers Energy is set to enhance Michigan's electric vehicle (EV) infrastructure by adding 200 new charging stations, with 100 of them being fast chargers, by the end of 2023. This initiative supports the company's goal to facilitate 1 million EVs in its service areas by 2030. EV adoption is on the rise, showing a 58% increase statewide. With over 1,500 existing chargers, including 35 fast chargers, Consumers Energy aims to provide affordable home charging solutions and help businesses electrify their fleets.

The Consumers Energy Foundation is reviving the Put Your Town on the Map pitch competition, offering a total of $50,000 for community projects in Michigan. Communities with populations under 10,000 can submit proposals until March 18. The competition encourages innovative projects that foster community pride and economic growth. Finalists will present at the Small Town and Rural Development Conference in May, with grants awarded to the top three ideas: $25,000, $15,000, and $10,000. The initiative aims to support Michigan's small towns in overcoming recent challenges.

On February 11, 2022, CMS Energy declared a quarterly dividend of $0.2625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. The dividend will be payable on April 15, 2022, to shareholders on record as of April 1, 2022. CMS Energy, based in Michigan, primarily operates through Consumers Energy and also runs independent power generation businesses.

The Board of Directors of Consumers Energy, a subsidiary of CMS Energy, has declared a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb). This dividend is payable on April 1, 2022, to shareholders on record as of March 7, 2022. CMS Energy, based in Michigan, provides energy services and operates independent power generation businesses.

CMS Energy has appointed Tonya Berry as the new senior vice president of Transformation and Engineering, effective immediately. Previously, she was the vice president of gas operations, overseeing gas transmission and distribution. In her new role, she will handle both electric and gas engineering, resource planning, and project management among other responsibilities. With over 20 years of experience, including a background in Lean methodologies, Berry holds a Bachelor's in industrial engineering from the University of Michigan and an MBA from Wayne State University.

CMS Energy reported strong financial results for 2021, delivering earnings per share of $4.66, up from $2.64 in 2020. Adjusted earnings per share reached $2.65, compared to $2.47 the previous year. The company announced a $0.10 increase in its annual dividend to $1.84 for 2022 and has revised its adjusted earnings guidance to a range of $2.85 to $2.89 per share. Additionally, CMS Energy reaffirmed its long-term adjusted EPS growth target of 6 to 8 percent amidst a new $14.3 billion investment plan.

Consumers Energy and General Motors have announced a partnership to power Michigan's automotive plants in Flint, Burton, and Wyoming with 100% clean energy. This 20-year agreement signifies a commitment to supporting approximately 70 megawatts of renewable energy, enabling GM to reduce carbon emissions by offsetting 235,000 metric tons annually, equivalent to emissions from 51,000 cars. GM aims to source 100% renewable energy in the U.S. by 2025, aligning with Consumers Energy's goal of being carbon neutral by 2040, with 90% of energy needs met through clean sources.

CMS Energy announced the appointment of Norm Kapala as vice president of generation operations, effective February 1, 2022. Kapala, who has been with Consumers Energy since 2008, previously served as executive director of fossil and renewable generation. In his new role, he will oversee the company's fossil-fueled, hydroelectric, and renewable generating units, as CMS transitions through its Clean Energy Plan. His extensive experience and strong relationships within the company are highlighted as assets to navigate upcoming challenges.

CMS Energy has increased its quarterly dividend to 46 cents per share, up from 43.50 cents. Based on the closing price of $62.35, this provides an annualized yield of 3 percent. The first quarter dividend is payable on Feb. 28, 2022, to shareholders of record on Feb. 11, 2022. CEO Garrick Rochow stated that this decision reflects the successful execution of the company's strategy and underscores their commitment to rewarding investors while maintaining industry-leading performance.