CMS - CMS Energy: A Midwest Utility Worth Buying

2024-06-13 07:00:00 ET

Summary

• 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 could be trading at a 9% discount to fair value.
• The electric and gas utility's growth prospects and undervaluation could power double-digit annual total returns through 2026.

In the five and a half years that I have contributed to Seeking Alpha to date, I have covered my fair share of companies. To be more precise, I have offered my take on 130+ businesses.

It's quite evident in my coverage that I enjoy writing about regulated utilities. By my count, I have covered 18 of them here on Seeking Alpha....

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