CMS Energy Corporation - CMS STOCK NEWS

Consumers Energy is launching a new Summer Peak Rate effective June 1, allowing 1.6 million residential electric customers in Michigan to lower their energy bills. This initiative, part of the Clean Energy Plan, encourages households to shift energy use away from peak hours, from 2 to 7 p.m. weekdays. Customers may experience an increase of $2 per month or less, with potential savings from energy-efficient practices. The company aims to eliminate the need for new power plants by optimizing energy consumption.

CMS Energy has announced the retirement of Glenn Barba, vice president, controller, and chief accounting officer, effective September 1, 2021. Scott McIntosh, currently vice president of tax, will succeed him. Barba has been a key player at CMS for over two decades, significantly contributing to the company's solid financial performance. McIntosh has been with the company since 2004, managing various regulatory and tax matters. CMS Energy operates primarily through Consumers Energy and offers independent power generation services.

The Board of Directors of CMS Energy has announced a quarterly dividend of $1.125 per share on its preferred stock, which is payable on July 1, 2021. Shareholders of record as of June 7, 2021 will receive this payment. CMS Energy, based in Michigan, operates Consumers Energy, its principal subsidiary, alongside independent power generation businesses. This dividend declaration underscores the company's commitment to providing returns to its investors.

The Consumers Energy Foundation has awarded $500,000 to four environmental projects in Michigan, celebrating Earth Month. This funding is a part of its commitment to sustainability and clean energy, aiming for net-zero carbon emissions by 2040. The recipients include Huron Pines Resource Conservation Council, Au Sable Institute, Southwest Michigan Land Conservancy, and Bay Area Community Foundation, each receiving grants to enhance land, water, and air quality across the state. The Foundation's total grant budget for the year is $1.5 million, with more awards scheduled.

CMS Energy reported first-quarter earnings per share of $1.21 for 2021, up from $0.85 in 2020. Adjusted EPS also increased to $1.21 from $0.86 year-over-year. Customer investments and cost performance were key drivers of this growth. The company reaffirmed its 2021 guidance for adjusted earnings between $2.83 and $2.87 per share, reflecting a growth rate of 6% to 8%. CMS Energy is committed to a $13.2 billion investment plan focused on renewable energy and improving system safety and reliability.

On April 22, 2021, CMS Energy's Board of Directors declared a quarterly dividend of 43.50 cents per share on its common stock (CUSIP: 125896100). The dividend is payable on May 28, 2021, to shareholders of record as of May 7, 2021. CMS Energy, based in Michigan, operates primarily through Consumers Energy and also owns independent power generation businesses.

Consumers Energy, Michigan's largest energy provider, has announced plans to develop a fast-charging network for electric vehicles (EVs) across the state, coinciding with Earth Week. The initiative includes establishing 200 fast charging stations and over 2,000 chargers for homes and businesses within three years. Currently, there are 24 operational locations, a significant increase from just four last summer. This move aligns with rising EV sales, which are growing over 20% annually, as Consumers Energy invests in infrastructure to support a clean automotive future.

On April 15, 2021, Consumers Energy Foundation announced $50,000 in funding for community projects through its "Put Your Town on the Map" competition. Comins Township received $25,000 for a public square, Pinckney earned $15,000 for a community garden, and Alma obtained $10,000 for an art corridor. The competition aimed to enhance small Michigan communities, with nearly 100 submissions received. Consumers Energy, Michigan's largest energy provider, serves 6.7 million residents and is a subsidiary of CMS Energy.

CMS Energy is set to release its 2021 first quarter results along with a comprehensive business and financial outlook on April 29, 2021, at 9:30 a.m. EDT. A webcast of the presentation will be available on the company's website, with an audio replay accessible after three hours, archived for 30 days. The Michigan-based company operates an electric and natural gas utility, Consumers Energy, and retains independent power generation businesses.