OakChart

CMS Energy Corp

CMSUtilities·Utilities - Regulated Electric·USA·Large·NYSE·Nov 11 • 11:21 AM ET

69.19-0.58 (-0.84%)
2026-11-11 17:22 CET
Market cap
21,884.82 USD m
Revenue, TTM
8,975.00 USD m
Net income, TTM
862.00 USD m
Free cash flow, TTM
-1,743.00 USD m
EPS diluted, TTM
2.80
P/E
24.72
Compare

Price

CMS against its 20, 50 and 200-day averages
2050200beatmiss
65.0070.0075.003.8M7.6MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CMSclose 69.2020-day 69.3050-day 67.03200-day 72.5269.2052w low

13.9% under the 52-week high of 80.36 on 9 Apr 2026. 52-week low 62.29 on 29 Sep 2026. Last 15 sessions, 6.3% high to low

Profile

CMS
52-week range, 38% of the way up
62.2880.36

CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas. The NorthStar Clean Energy segment is involved in domestic independent power production including the development and operation of renewable generation and the marketing of independent power production. The company was founded in 1987 and is headquartered in Jackson, MI.

IndexS&P 500, RUI
Employees8350
IPOFeb 03, 1947
Beta0.30
ATR, 14d1.33
Rel volume0.52
Short float5.86%
Insider own0.61%
Inst own102.91%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap21.70B
Enterprise Value42.15B
Income862.00M
Sales8.97B
Book/sh30.30
Cash/sh1.76
Dividend Est.2.29 (3.30%)
Dividend TTM2.28 (3.30%)
Dividend Ex-DateNov 06, 2026
Dividend Gr. 3/5Y5.65% 5.89%
Payout61.56%
Employees8350
IPOFeb 03, 1947

Ratios

P/E24.72
Forward P/E16.69
PEG2.26
P/S2.42
P/B2.28
P/C39.24
P/FCF-
EV/EBITDA13.50
EV/Sales4.70
Quick Ratio0.67
Current Ratio0.95
Debt/Eq2.08
LT Debt/Eq1.95
Option/ShortYes / Yes

Earnings

EPS (ttm)2.80
EPS next Y4.15
EPS next Q1.00
EPS this Y7.37%
EPS next Y6.94%
EPS next 5Y7.40%
EPS past 3/5Y7.32% 5.98%
Sales past 3/5Y-0.22% 5.88%
EPS Y/Y TTM-19.17%
Sales Y/Y TTM8.20%
EPS Q/Q-57.80%
Sales Q/Q8.02%
EarningsOct 27 BMO
EPS/Sales Surpr.6.66% -2.16%

Ownership

Insider Own0.61%
Insider Trans-0.15%
Inst Own102.91%
Inst Trans4.89%
ROA2.19%
ROE9.38%
ROIC3.04%
Gross Margin25.60%
Oper. Margin19.62%
Profit Margin9.60%
SMA20-0.15%
SMA503.23%
SMA200-4.58%
Trades-

Technical

Shs Outstand313.60M
Shs Float311.70M
Short Float5.86%
Short Ratio4.68
Short Interest18.28M
52W High80.36 -13.89%
52W Low62.28 11.09%
Volatility2.30% 1.95%
ATR (14)1.33
RSI (14)53.03
Beta0.30
Rel Volume0.52
Avg Volume3.90M
Volume644,233

Performance

Perf Week-2.51%
Perf Month4.37%
Perf Quarter-1.86%
Perf Half Y-4.96%
Perf YTD-1.05%
Perf Year-7.54%
Perf 3Y24.45%
Perf 5Y15.17%
Perf 10Y74.08%
Recom2.22
Target Price74.33
Prev Close69.78
Price69.19
Change %-0.84%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 22, 2026InitiatedHHSBC SecuritiesHold$69-0.3%
Jul 23, 2026DowngradeKKeyBanc Capital MarketsOverweight → Sector Weight
Jun 04, 2026DowngradeJJefferiesBuy → Hold$74+6.9%
Apr 21, 2026InitiatedTTruistBuy$86+24.3%
Oct 28, 2025InitiatedWWells FargoEqual Weight$77+11.3%
Jul 07, 2025DowngradeWWolfe ResearchOutperform → Peer Perform
Feb 20, 2025UpgradeBBarclaysEqual Weight → Overweight$68 → $75+8.4%
Jan 23, 2025DowngradeGGuggenheimBuy → Neutral
Nov 05, 2024InitiatedJJefferiesBuy$76+9.8%
Oct 15, 2024DowngradeMMizuhoOutperform → Neutral$76 → $72+4.1%

Peers

Mkt cap
TickerCompanyMkt cap
DTEDTE Energy Co28.81B
WECWEC Energy Group Inc38.35B
AEEAmeren Corp31.34B
LNTAlliant Energy Corp18.92B
XELXcel Energy Inc51.57B
CNPCenterpoint Energy Inc27.16B
EVRGEvergy Inc20.68B
AEPAmerican Electric Power Company Inc69.79B
PPLPPL Corp26.70B
NINiSource Inc21.71B

Insider trading

9 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
MADDIPATI SRIKANTHEVP/CFOJul 31 '26Buy72.4520014,49134,895Aug 03 12:07 PM
Hofmeister Brandon J.Senior Vice PresidentMay 26 '26Sale74.313,000222,93067,111May 27 09:50 AM
McIntosh Scott BVP, Controller, CAOMar 02 '26Sale78.201,750136,85924,223Mar 04 03:17 PM
McIntosh Scott BOfficerMar 02 '26Proposed Sale78.201,750136,859Mar 02 03:46 PM
Hofmeister Brandon J.Senior Vice PresidentFeb 27 '26Sale78.234,000312,94070,670Mar 02 12:48 PM
Hofmeister Brandon J.OfficerFeb 27 '26Proposed Sale78.234,000312,938Feb 27 01:27 PM
Leopold DianeDirectorFeb 25 '26Buy76.702,000153,3982,769Feb 27 11:30 AM
RUSSELL JOHN GDirectorFeb 20 '26Sale75.7514,9141,129,810131,568Feb 23 04:41 PM
John G RussellDirectorFeb 20 '26Proposed Sale75.7014,9141,129,063Feb 20 12:12 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
XLUState Street Utilities Select Sector SPDR ETFAUM: 24.34B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
DVYiShares Select Dividend ETFAUM: 23.68B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VPUVanguard Utilities ETFAUM: 8.19B

News

latest 14 of 206
  • Consumers Energy Accelerates Underground Power Line Work to Improve Reliability (PR Newswire)
  • CMS Energy CEO predicts data center progress after midterms (Utility Dive)
  • CMS Energy's 54.8% Adjusted EPS Jump Beats Estimates, But NorthStar Charges, Timing Help And Regulatory Haircuts Keep Guidance Flat (Earnings Whispers)
  • CMS Energy Reports Q3 Earnings Above Estimates, Maintains 2026 and 2027 Guidance (InvestorsHub)
  • CMS Energy: Q3 Earnings Snapshot (Associated Press)
  • Loading…
  • CMS Energy Announces Third Quarter Results, Reaffirms 2026 and 2027 Adjusted EPS Guidance (PR Newswire)
  • GEV, D, CMS, AEP And PWR To Report Earnings This Week A Look At What Investors Are Watching (Stocktwits)
  • CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock (PR Newswire)
  • PG&E CEO to California Politicians: Stop Stepping on Our Stock Price (Barrons.com)
  • CMS Energy to Announce 2026 Third Quarter Results on October 27 (PR Newswire)
  • Consumers Energy Makes Improvements to 2026 Storm Response (PR Newswire)
  • Consumers Energy Plan Will Power Michigan's Next Generation with Reliable and Affordable Energy (PR Newswire)
  • Consumers Energy Introduces Crew Check Tool to Help Customers Identify Natural Gas Workers, Increase Safety (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-271.4401.3500.3902,1832,23112
2026Q22026-07-280.3700.3590.3761,8291,87513
2026Q12026-04-281.1301.0991.1012,7302,45813
2025Q42026-02-050.9500.9330.9352,2331,88411
2025Q32025-10-300.9300.8600.9152,0211,84613
2025Q22025-07-310.7100.6800.6621,8381,73713
2025Q12025-04-241.0201.0071.0102,4472,23814
2024Q42025-02-060.8700.8700.8771,9892,16614
2024Q32024-10-310.8400.7760.8401,7431,88015
2024Q22024-07-250.6600.6210.6531,6071,72715
2024Q12024-04-250.9700.9200.9592,1762,32315
2023Q42024-02-011.0501.0441.0391,9502,62411
2023Q32023-10-260.6100.5870.5971,6732,10914
2023Q22023-07-270.7500.6960.6691,5552,04014
2023Q12023-04-270.7000.6990.6942,2842,22813
2022Q42023-02-020.6000.5730.5772,2781,89412

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY2.4902.4952.3926,8457,001
2020FY2.6702.6692.6376,6806,857
2021FY2.6502.6504.6567,3297,027
2022FY2.8902.8812.8528,5967,817
2023FY3.1103.1033.0077,4628,355
2024FY3.3403.3403.3297,5157,864
2025FY3.6103.5923.5308,5398,125
2026FY-3.876--8,994
2027FY-4.145--9,343
2028FY-4.473--9,783
2029FY-4.826--10,179
2030FY-5.214--10,493

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-055012,3042,2072,396
2026Q4S2026-10-275012,3042,2072,396
2026Q4S2026-10-195012,3042,2062,396
2026Q4S2026-10-125012,3032,2062,396
2026Q4S2026-10-095102,3152,2062,396
2026Q4S2026-10-055102,3182,2062,387
2026Q4S2026-09-225202,3182,2062,387
2026Q4S2026-08-185302,3182,2062,387
2026Q4S2026-08-145202,3092,2062,387
2026Q4S2026-08-106202,2922,2062,387
2026Q4S2026-08-036202,2912,2062,387
2026Q4S2026-07-286202,2922,2062,392
2026Q4S2026-07-225202,3082,2042,392
2026Q4S2026-07-215102,2932,1982,398

Estimate history

EPS, annual1.642.322.3922.6374.6562.8523.0073.3293.5252.7986
Period201720182019202020212022202320242025TTM
EPS, quarterly0.840.8771.010.6620.9150.9351.1010.3760.386
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual6583687368456418732985967462751585398975
Period201720182019202020212022202320242025TTM
Sales, quarterly174319892447183820212233273018292183
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual281.647283.374283.864288.94289.758291.3294.4298.8306.4313.6
Period201720182019202020212022202320242025MRQ
Shares, quarterly298.8298.8299.1299.3304.3306.4308.9313.6313.6
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue8,975.008,539.007,515.007,462.008,596.007,329.006,418.006,845.006,873.00
Cost of Goods Sold Incl. D&A6,677.006,299.005,546.005,780.006,960.005,794.004,831.005,273.005,408.00
Gross Profit2,298.002,240.001,969.001,682.001,636.001,535.001,587.001,572.001,465.00
Other Operating Expense537.00513.00482.00447.00412.00389.00357.00333.00303.00
Operating Income1,761.001,727.001,487.001,235.001,224.001,146.001,230.001,239.001,162.00
Interest Expense846.00789.00708.00643.00519.00500.00505.00519.00458.00
Unusual Expense510.00-72.00-110.00-131.000.000.0016.000.0016.00
Net Income Before Taxes673.001,248.001,123.00954.00902.00823.00809.00829.00774.00
Income Taxes149.00246.00176.00147.0093.0095.00115.00147.00115.00
Consolidated Net Income524.001,002.00947.00807.00809.00728.00694.00682.00659.00
Net Income From Continuing Operations872.001,071.001,003.00886.00833.00751.00697.00680.00657.00
Net Income862.001,061.00993.00877.00827.001,348.00755.00680.00657.00
EPS (Recurring)3.893.363.072.692.854.662.682.392.36
EPS (Basic, Before Extraordinaries)2.813.533.343.012.864.662.652.402.33
EPS (Diluted)2.803.523.333.012.854.662.642.392.32
EBITDA3,121.003,033.002,727.002,415.002,350.002,260.002,273.002,231.002,095.00
Non-Operating Income (Expense)301.00238.00234.00231.00197.00177.00100.00109.0086.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio24.9324.9319.0922.8914.2213.9723.1326.2521.39
Price To Sales Ratio2.202.472.652.272.142.572.722.612.04
Gross Margin25.6026.2326.2022.5419.0320.9424.7322.9721.32
Operating Margin19.6220.2219.7916.5514.2415.6419.1618.1016.91
Net Margin9.6012.4313.2111.759.6218.3911.769.939.56
Shares Outstanding313.60306.40298.80294.40291.30289.76288.94283.86283.37
Market Capitalization21,884.8221,884.8219,914.0216,942.7418,381.6618,844.7917,469.2417,836.6314,067.38

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,183.001,829.002,730.002,233.002,021.001,838.002,447.001,989.00
Cost of Goods Sold Incl. D&A1,500.001,447.002,067.001,663.001,433.001,412.001,791.001,438.00
Gross Profit683.00382.00663.00570.00588.00426.00656.00551.00
Other Operating Expense111.00118.00173.00135.00107.00109.00162.00126.00
Operating Income572.00264.00490.00435.00481.00317.00494.00425.00
Interest Expense224.00219.00211.00192.00206.00202.00189.00169.00
Unusual Expense510.000.000.000.000.00-72.00-22.00-20.00
Net Income Before Taxes-113.00129.00362.00295.00340.00255.00358.00306.00
Income Taxes-22.0033.0085.0053.0068.0062.0063.0051.00
Consolidated Net Income-91.0096.00277.00242.00272.00193.00295.00255.00
Net Income From Continuing Operations123.00120.00340.00289.00277.00201.00304.00265.00
Net Income121.00117.00338.00286.00275.00198.00302.00262.00
EPS (Recurring)1.530.381.100.940.920.490.960.83
EPS (Basic, Before Extraordinaries)0.390.381.100.940.920.661.010.88
EPS (Diluted)0.390.381.100.940.920.661.010.88
EBITDA870.00572.00902.00777.00769.00605.00882.00751.00
Non-Operating Income (Expense)49.0084.0083.0052.0065.0068.0031.00-27.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio24.9321.1722.0220.1921.6220.5022.5619.09
Price To Sales Ratio2.202.702.702.502.652.582.892.65
Gross Margin31.2920.8924.2925.5329.0923.1826.8127.70
Operating Margin26.2014.4317.9519.4823.8017.2520.1921.37
Net Margin5.546.4012.3812.8113.6110.7712.3413.17
Shares Outstanding313.60313.60308.90306.40304.30299.30299.10298.80
Market Capitalization21,884.8223,632.3823,772.1421,281.1021,929.2820,723.3122,466.5319,914.02

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments615.00178.00248.00182.00476.0049.00157.00174.00199.00
Short Term Receivables1,323.001,063.00944.001,580.00943.00872.001,126.001,227.001,242.00
Inventories791.00769.00938.001,117.00667.00576.00605.00650.00672.00
Other Current Assets743.00780.00709.00554.00541.00907.00443.00417.00362.00
Total Current Assets3,472.002,790.002,839.003,433.002,627.002,404.002,331.002,468.002,475.00
Net Property, Plant & Equipment30,702.0027,485.0025,098.0022,744.0022,378.0021,049.0018,973.0018,126.0016,761.00
Total Investments and Advances61.0069.0076.0071.0071.0070.0071.0069.0064.00
Long-Term Note Receivable18.0020.0022.0023.0030.0019.002,281.001,645.001,187.00
Deferred Tax Assets447.00591.00759.00------
Other Assets5,688.005,556.005,482.005,082.003,647.006,124.003,181.002,221.002,563.00
Total Assets40,388.0036,511.0034,276.0031,353.0028,753.0029,666.0026,837.0024,529.0023,050.00
Short Term Debt Incl. Current Port. of LT Debt959.001,263.001,077.001,123.00388.00598.001,229.001,093.001,273.00
Accounts Payable1,404.001,093.00809.00936.00886.00668.00635.00733.00740.00
Other Current Liabilities1,185.001,165.001,009.00926.00930.001,808.00840.00798.00771.00
Total Current Liabilities3,548.003,521.002,895.002,985.002,204.003,074.002,704.002,624.002,784.00
Long Term Debt17,961.0015,327.0014,592.0013,217.0012,115.0011,825.0012,064.0010,684.009,214.00
Provision for Risks Charges887.00824.00877.00854.00770.00705.001,151.00868.001,196.00
Deferred Tax Liabilities3,817.003,638.003,500.002,536.002,322.001,978.001,775.001,586.001,356.00
Other Liabilities4,464.004,453.004,287.004,166.004,154.006,007.004,088.003,975.004,022.00
Total Liabilities30,677.0027,763.0026,151.0023,758.0021,565.0023,589.0021,782.0019,737.0018,572.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value224.00224.00224.00224.00224.000.000.000.000.00
Common Equity8,920.008,006.007,320.006,791.006,407.005,496.005,018.004,755.004,441.00
Total Shareholders Equity9,144.008,230.007,544.007,015.006,631.005,496.005,018.004,755.004,441.00
Accumulated Minority Interest567.00518.00581.00580.00557.00581.0037.0037.0037.00
Total Equity9,711.008,748.008,125.007,595.007,188.006,077.005,055.004,792.004,478.00
Total Liabilities & Stockholders Equity40,388.0036,511.0034,276.0031,353.0028,753.0029,666.0026,837.0024,529.0023,050.00
Book Value Per Share29.1126.7924.8623.3122.1119.0217.6816.7815.77
Tangible Book Value Per Share29.1126.7924.8623.3122.1119.0217.6816.7815.77
Full-Time Employees8,3508,3248,3569,0739,7789,3458,7898,6257,952
Price to Book Ratio2.302.522.432.752.943.213.552.962.94
Return on Assets2.792.832.702.772.572.472.652.762.06
Return on Equity12.3312.7212.1712.2112.3913.2613.9214.2910.58
Return on Invested Capital3.954.264.014.147.224.363.984.263.37
Quick Ratio0.760.570.660.780.890.590.640.690.65
Current Ratio0.980.790.981.151.190.780.860.940.89

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income524.001,002.00947.00808.00813.001,330.00752.00682.00659.00
Depreciation1,360.001,306.001,240.001,180.001,126.001,114.001,043.00992.00933.00
Other Funds (Non Cash)320.00-214.00-221.00-252.00-60.00-828.00-664.00-1.00-176.00
Funds from Operations2,316.002,296.002,108.001,893.001,968.001,865.001,301.001,823.001,598.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-40.00-61.00262.00416.00-1,113.00-46.00-25.00-33.00105.00
Cash from Operating Activities2,276.002,235.002,370.002,309.00855.001,819.001,276.001,790.001,703.00
Capital Expenditures-4,019.00-3,824.00-3,018.00-3,219.00-2,374.00-2,076.00-2,311.00-2,104.00-2,074.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses4.004.00129.006.002.001.0089.0097.000.00
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses-204.00-214.00-160.00-167.00-107.00-133.00-614.00-876.00-678.00
Other Sources0.000.000.000.005.00976.000.0067.00146.00
Cash from Investing Activities-4,219.00-4,034.00-3,049.00-3,380.00-2,474.00-1,232.00-2,836.00-2,816.00-2,606.00
Cash Dividends Paid-706.00-663.00-626.00-579.00-546.00-509.00-467.00-436.00-407.00
Change in Capital Stock682.00525.00286.00192.0069.00250.00253.0012.0041.00
Repurchase of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Sale of Common Pref Stock682.00525.00286.00192.0069.00250.00253.0012.0041.00
Proceedsfrom Stock Options682.00525.00286.00192.0069.00250.00253.0012.0041.00
Issuance or Reduction of Debt, Net2,076.002,394.00982.001,492.001,813.00100.001,020.001,432.001,240.00
Change in Long Term Debt2,076.002,459.001,010.001,419.001,793.00100.001,110.001,439.001,313.00
Issuance of Long Term Debt3,271.003,609.001,962.003,551.001,899.00335.003,120.002,774.003,244.00
Reduction of Long Term Debt-1,195.00-1,150.00-952.00-2,132.00-106.00-235.00-2,010.00-1,335.00-1,931.00
Net Financing Active Other Cash Flow38.00-20.00-33.0032.00-11.00-137.00782.000.000.00
Other Financing Activities Uses-53.00-79.00-33.00-54.00-60.00-137.00-51.000.000.00
Cash from Financing Activities2,090.002,236.00609.001,137.001,325.00-296.001,588.001,008.00874.00
Net Change in Cash147.00437.00-70.0066.00-294.00291.0028.00-18.00-29.00
Free Cash Flow-1,743.00-1,589.00-648.00-910.00-1,519.00-257.00-1,035.00-314.00-371.00
Preferred Dividends (Cash Flow)------0.000.000.00
Deferred Taxes & Investment Tax Credit-202.00142.00157.0089.00249.00170.00150.00182.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments553.00345.00263.00615.00432.00925.00
Short Term Receivables1,152.001,023.001,416.001,323.00934.00936.00
Inventories933.00824.00642.00791.00903.00736.00
Other Current Assets568.00674.00704.00743.00476.00596.00
Total Current Assets3,206.002,866.003,025.003,472.002,745.003,193.00
Net Property, Plant & Equipment31,940.0032,329.0031,533.0030,702.0029,690.0028,847.00
Total Investments and Advances29.0063.0065.0061.0064.0062.00
Deferred Tax Assets---447.00--
Other Assets6,491.005,629.005,644.005,688.005,491.005,529.00
Total Assets41,683.0040,905.0040,285.0040,388.0038,008.0037,699.00
Short Term Debt Incl. Current Port. of LT Debt1,258.00870.001,360.00959.001,162.001,125.00
Accounts Payable1,332.001,229.001,238.001,404.001,149.001,146.00
Other Current Liabilities798.00964.00994.001,185.00741.00925.00
Total Current Liabilities3,388.003,063.003,592.003,548.003,052.003,196.00
Long Term Debt18,949.0018,431.0017,718.0017,961.0016,911.0016,920.00
Provision for Risks Charges870.00901.00891.00887.00823.00840.00
Deferred Tax Liabilities3,474.003,515.003,462.003,817.003,291.003,199.00
Other Liabilities4,707.004,596.004,571.004,464.004,500.004,573.00
Total Liabilities31,388.0030,506.0030,234.0030,677.0028,577.0028,728.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value224.00224.00224.00224.00224.00224.00
Common Equity9,502.009,550.009,242.008,920.008,640.008,170.00
Total Shareholders Equity9,726.009,774.009,466.009,144.008,864.008,394.00
Accumulated Minority Interest569.00625.00585.00567.00567.00577.00
Total Equity10,295.0010,399.0010,051.009,711.009,431.008,971.00
Total Liabilities & Stockholders Equity41,683.0040,905.0040,285.0040,388.0038,008.0037,699.00
Book Value Per Share30.3030.4529.9229.1128.3927.30
Tangible Book Value Per Share30.3030.4529.9229.1128.3927.30
Full-Time Employees---8,350--
Price to Book Ratio2.302.562.662.462.682.55
Return on Assets2.192.612.892.792.882.84
Return on Equity9.3811.2912.4412.3312.3412.48
Return on Invested Capital0.430.431.251.071.070.79
Quick Ratio0.670.670.660.760.600.77
Current Ratio0.950.940.840.980.901.00

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income-91.0096.00277.00242.00272.00193.00
Depreciation298.00308.00412.00342.00288.00288.00
Other Funds (Non Cash)457.00-49.00-55.00-33.00-37.00-98.00
Funds from Operations631.00387.00716.00582.00570.00447.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-160.00235.00-11.00-104.00-227.00-33.00
Cash from Operating Activities471.00622.00705.00478.00343.00414.00
Capital Expenditures-939.00-967.00-1,039.00-1,074.00-978.00-884.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.004.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-79.00-53.00-34.00-38.00-68.00-78.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-1,018.00-1,020.00-1,073.00-1,108.00-1,046.00-962.00
Cash Dividends Paid-181.00-180.00-178.00-167.00-165.00-165.00
Change in Capital Stock2.00362.00166.00152.00356.0014.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock2.00362.00166.00152.00356.0014.00
Proceedsfrom Stock Options2.00362.00166.00152.00356.0014.00
Issuance or Reduction of Debt, Net960.00230.0054.00832.0019.001,125.00
Change in Long Term Debt960.00230.0054.00832.0019.001,125.00
Issuance of Long Term Debt1,006.00909.00258.001,098.0062.001,249.00
Reduction of Long Term Debt-46.00-679.00-204.00-266.00-43.00-124.00
Net Financing Active Other Cash Flow0.0068.00-26.00-4.000.00-27.00
Other Financing Activities Uses-16.008.00-26.00-19.000.00-27.00
Cash from Financing Activities781.00480.0016.00813.00210.00947.00
Net Change in Cash234.0082.00-352.00183.00-493.00399.00
Free Cash Flow-468.00-345.00-334.00-596.00-635.00-470.00

Revenue breakdown

Commercial Utility Service2024: 2.11B 2025: 2.43B
Consolidation, Policy2024: 406.00M 2025: 493.00M
Industrial Utility Service2024: 720.00M 2025: 824.00M
Other Utility Service2024: 528.00M 2025: 434.00M
Residential Utility Services2024: 3.75B 2025: 4.36B
United States2024: 7.52B 2025: 8.54B
Consolidation, Policy2024: 195.00M 2025: 234.00M
Electric Utility2024: 5.00B 2025: 5.58B
Gas Utility2024: 2.11B 2025: 2.47B
NorthStar Clean Energy2024: 211.00M 2025: 259.00M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-305.86%18.3M311.7M3.87M
2026-10-155.86%18.3M311.7M3.77M
2026-09-305.56%17.3M311.7M3.57M
2026-09-155.25%16.4M311.7M3.45M
2026-08-315.05%15.7M311.7M3.65M
2026-08-145.25%16.4M311.6M3.56M
2026-07-315.33%16.6M311.6M3.36M
2026-07-156.64%20.4M306.9M3.19M
2026-06-306.77%20.8M306.9M3.17M
2026-06-155.45%16.7M306.2M3.00M
2026-05-294.93%15.1M307.0M2.76M
2026-05-154.59%14.1M307.0M2.91M
2026-04-305.22%16.0M307.0M3.08M
2026-04-155.31%16.2M306.1M3.10M
2026-03-315.41%16.5M304.3M3.12M
2026-03-135.30%16.1M304.3M3.00M
2026-02-275.10%15.5M304.3M2.85M
2026-02-134.81%14.6M304.3M2.63M
2026-01-304.77%14.4M302.2M2.61M
2026-01-154.31%13.0M302.4M2.43M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call35.0033.0036.000.003.7840.000.000.971-0.0970.007
call40.0028.2030.800.003.0970.000.000.965-0.0940.008
call45.0023.3026.000.002.6690.000.000.957-0.0900.010
call50.0018.4020.800.002.0890.000.000.947-0.0860.012
call55.0013.4015.800.001.6200.000.000.933-0.0800.014
call60.008.8010.3011.001.0231.000.000.907-0.0710.018
call65.004.106.504.400.9831.000.000.745-0.1280.035
call70.000.500.651.000.22249.000.000.398-0.0560.042
call75.000.000.950.180.5642390.000.194-0.0920.030
call80.000.001.750.100.8251.000.000.148-0.1150.025
call85.000.001.750.001.0480.000.000.123-0.1290.022
call90.000.001.750.001.2440.000.000.108-0.1390.020
call95.000.001.750.001.4250.000.000.097-0.1480.019
call1000.002.000.001.5890.000.000.089-0.1550.018
put35.000.002.150.002.5390.000.00-0.028-0.0990.007
put40.000.002.150.002.1020.000.00-0.034-0.0960.008
put45.000.001.750.001.7150.000.00-0.042-0.0920.010
put50.000.001.750.111.3621.000.00-0.052-0.0870.012
put55.000.001.500.201.0311.000.00-0.067-0.0800.014
put60.000.000.350.050.7178.000.00-0.092-0.0710.018
put65.000.050.901.300.5861230.00-0.253-0.1260.035
put70.001.101.551.650.2631.000.00-0.601-0.0550.042
put75.004.906.100.000.4610.000.00-0.806-0.0900.030
put80.009.8011.300.000.7910.000.00-0.851-0.1130.025
put85.0014.3016.700.001.1800.000.00-0.876-0.1260.022
put90.0018.7021.700.001.3960.000.00-0.891-0.1350.020
put95.0024.0027.000.001.6840.000.00-0.902-0.1430.019
put10029.1032.000.001.8650.000.00-0.910-0.1500.018

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-038-KCurrent report2026-11-03SEC
2026-10-30424B2SEC
2026-10-29FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-10-29424B5SEC
2026-10-278-KCurrent report2026-10-27SEC
2026-10-2710-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-19S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-08-034Statement of changes in beneficial ownership of securities2026-07-31SEC
2026-07-288-KCurrent report2026-07-28SEC
2026-07-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-06-164Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-093Initial statement of beneficial ownership of securities2026-06-03SEC
2026-06-038-KCurrent report2026-06-01SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-138-KCurrent report2026-05-13SEC
2026-05-13424B5SEC
2026-05-138-KCurrent report2026-05-08SEC
2026-05-12SCHEDULE 13G/ASEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-04SCHEDULE 13G/ASEC
2026-04-29SCHEDULE 13GSEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-0714.49K100
2026-060000
2026-0500222.93K1
2026-040000
2026-0300136.86K1
2026-02153.40K11.44M2
2026-010000
2025-120000
2025-1100289.88K1

Institutional holders

Manager% owned
BlackRock, Inc.10.70%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
VANGUARD PORTFOLIO MANAGEMENT LLC6.17%
STATE STREET CORP5.73%
JPMORGAN CHASE & CO5.31%
WELLINGTON MANAGEMENT GROUP LLP3.94%
GEODE CAPITAL MANAGEMENT, LLC2.87%
DEUTSCHE BANK AG\2.66%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main2.55%
Invesco Ltd.2.47%

Funds

Fund% owned
Invesco Equity and Income Fund14.55%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND10.93%
PGIM Total Return Bond Fund7.49%
Guggenheim Total Return Bond Fund7.32%
iShares Convertible Bond ETF6.64%
Janus Henderson Multi-Sector Income Fund5.35%
Cohen & Steers Preferred Securities & Income Fund, Inc.5.19%
Calamos Convertible Fund5.18%
Calamos Growth & Income Fund5.05%
Nuveen Preferred & Income Opportunities Fund5.02%

OakChart. CMS. Cached 15 minutes.