CMS EnergyNYSE: CMS

Investors interested in Utility - Electric Power stocks are likely familiar with CMS Energy (CMS) and NextEra Energy (NEE). But which of these two companies is the best option for those looking for undervalued stocks?

Investors need to pay close attention to CMS Energy (CMS) stock based on the movements in the options market lately.

JACKSON, Mich. , July 3, 2024 /PRNewswire/ -- CMS Energy announced today it will provide 2024 second quarter results along with a business and financial outlook at 9:30 a.m.

CMS Energy (CMS) is set to add 100 MW of battery storage in collaboration with Jupiter Power, which will help CMS achieve its clean energy goal.

The Company previously communicated that CMS had calculated a rating of 3.0 Stars for its PPO plans, impacting payment year 2025. As a result of a recent rating recalculation, CMS has improved that rating to 3.5 Stars for 2025 payment year The Company previously communicated that CMS had calculated a rating of 3.0 Stars for its PPO plans, impacting payment year 2025. As a result of a recent rating recalculation, CMS has improved that rating to 3.5 Stars for 2025 payment year

Utilities can provide a source of relatively stable income to shareholders. CMS Energy's operating results were mixed in the first quarter, but its fundamentals appear to be holding up. The electric and gas utility's interest coverage ratio is healthy.

CMS Energy (CMS) intends to deploy smart technology devices in order to decrease power interruptions and enhance the grid's dependability for its Michigan customers.

CMS Energy reported Q1 operating revenues of $2.18 billion, falling short of the Zacks Consensus Estimate by 7.3%. The top line also decreased by 4.7% compared to the previous year.