With a market cap of $23 billion, CMS Energy Corporation (CMS) operates through electric utility, gas utility, and clean energy segments, serving approximately 1.9 million electric customers and 1.8 million natural gas customers across the state. It generates and distributes electricity from a diverse mix of sources, including coal, natural gas, wind, nuclear, oil, and renewable energy, while also developing and operating renewable power projects through its NorthStar Clean Energy segment.
Shares of the Jackson, Michigan-based company have lagged behind the broader market over the past 52 weeks. CMS stock has returned 7.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.9%. Moreover, shares of the company are up 6.6% on a YTD basis, compared to SPX's 9.2% rise.
