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CMS Energy Corporation (NYSE:CMS), a $22.1 billion utility company currently trading near its 52-week high of $76.45, and its subsidiary Consumers Energy Company have disclosed the results of their respective 2025 annual shareholder meetings, which took place on May 2, 2025. According to InvestingPro data, the company has maintained dividend payments for 19 consecutive years, demonstrating strong shareholder commitment. The information is based on a press release statement.
At CMS Energy’s annual meeting, shareholders voted on several key proposals, including the election of board members, executive compensation, and the appointment of PricewaterhouseCoopers LLP as the independent auditor for the year ending December 31, 2025. All board nominees were elected, and the compensation paid to named executive officers was approved. The appointment of PricewaterhouseCoopers LLP was also ratified.
Consumers Energy Company’s concurrent annual meeting saw similar voting outcomes with all board nominees elected, approval of executive compensation, and ratification of PricewaterhouseCoopers LLP as the independent auditor.
In addition, a shareholder proposal to support the ability to call for a special shareholder meeting received the majority of votes at CMS Energy’s meeting.
The detailed voting results, including the number of votes for, against, abstain, and broker non-votes for each proposal and nominee, are available in the press release. The information reflects the decisions made by shareholders regarding the governance and oversight of the companies for the upcoming year.
In other recent news, CMS Energy reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.02, which fell short of the forecasted $1.10. Despite this, the company maintained its full-year EPS guidance of $3.54 to $3.60. Revenue for the quarter was reported at $2.45 billion, indicating strong top-line performance. Analysts from BMO Capital and Scotiabank (TSX:BNS) have shown confidence in CMS Energy, with BMO maintaining an Outperform rating and raising the stock price target to $79, while Scotiabank increased its target to $81 and highlighted the company’s superior earnings growth rate. Scotiabank noted CMS Energy’s favorable regulatory environment, particularly in Michigan, and the company’s strategic focus on renewable energy and data center investments. BMO Capital also emphasized the importance of CMS Energy’s regulatory activities, including pending rate cases and deferred accounting filings. These developments reflect ongoing investor interest and the strategic direction of CMS Energy amidst challenges such as storm-related expenses.
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