The 52-week price range is $30.46-$42.87 and the company has a market capitalization of $11.53 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 7 has assigned a hold rating, 0 says it’s a buy, and 3 have assigned a strong buy rating to the company.
On March 28, 2016 CMS Energy Corporation (CMS) has named Shaun Johnson as vice president and deputy general counsel, reporting to Catherine Reynolds, senior vice president and general counsel, effective April 18, 2016. Johnson’s primary responsibilities will be overseeing the litigation, general practice and federal energy regulatory practice groups and providing legal oversight for business development activities.
Johnson formerly served as director of the energy industry group for the law firm Dykema Gossett PLLC, specializing in public utilities, energy and taxation. He represented several public utility and energy clients throughout the United States, and assisted clients in developing cost-effective business strategies and goals.
Johnson has a bachelor’s degree from Saginaw Valley State University and law degree from Michigan State University. He was admitted to the Michigan Bar in 2005 and is a member of the Federal Energy Bar Association.
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity to residential, commercial, and diversified industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants. This segment’s distribution system includes 434 miles of high-voltage distribution radial lines; 4,251 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 56,023 miles of electric distribution overhead lines; 10,383 miles of underground distribution lines; and substations with an aggregate transformer capacity of 24 million thousand volt-amperes. The Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas. This segment’s gas transmission, storage, and distribution system comprises 1,686 miles of transmission lines; 15 gas storage fields with a total storage capacity of 309 billion cubic feet and a working gas volume of 151 billion cubic feet; 27,537 miles of distribution mains; and 7 compressor stations with a total of 157,939 installed and available horsepower. The Enterprises segment engages in the independent power production and marketing activities. As of December 31, 2015, this segment had ownership interests in independent power plants fueled by natural gas and biomass totaling 1,177 megawatts. The company also provides unsecured consumer installment loans for financing home improvements. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.
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