CMS Energy Corp
CMS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$28.00 | Dqwsx | Hjtdsrvg |
CMS Energy: Stage Set for Another Year of Steady Growth; Raising Fair Value Estimate
We are raising our CMS Energy fair value estimate to $57 from $55 after the company reported 2023 earnings slightly above our estimate, raised 2024 guidance, and added $1.5 billion to its five-year capital investment plan. We are reaffirming our narrow moat rating.