earnings
confidence high
sentiment positive
materiality 0.70
CMS Energy posts adjusted EPS $3.11 in 2023, raises 2024 guidance and dividend
CONSUMERS ENERGY CO
- Reported EPS $3.01 vs $2.85 in 2022; adjusted EPS $3.11 vs $2.89.
- Raised 2024 adjusted EPS guidance to $3.29-$3.35 from $3.27-$3.33.
- Increased annual dividend to $2.06, up $0.11 per share.
- Long-term adjusted EPS growth reaffirmed at 6-8%; utility capex plan raised to $17B for 2024-2028.