CMS-PC NYSE
CMS Energy Corporation
1W: -2.0%
1M: -3.7%
3M: -4.6%
YTD: -11.0%
1Y: -17.4%
3Y: -3.9%
5Y: -19.3%
$15.74
-0.27 (-1.69%)
Weekly Expected Move ±2.0%
$15
$16
$16
$16
$17
Credit Risk of going bust: lower than 84% of companies Debt: 37.8% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.37 (down 98%), CMS Energy Corporation would be worth roughly what it owes.
Total debt $13.15B against a stock market value of $21.65B.
Distance to default 10.82 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $6.58B (short-term plus half of long-term), stock volatility 17.7%; Altman Z'' 36.95. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.37 (down 98%), CMS Energy Corporation would be worth roughly what it owes.
Total debt $13.15B against a stock market value of $21.65B.
Distance to default 10.82 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $6.58B (short-term plus half of long-term), stock volatility 17.7%; Altman Z'' 36.95. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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4 relationships4
As Filer
counterparties named
0
As Counterparty
mentioned by others
1
Rel. Types
2021-06-23
Earliest Filing
2021-06-23
Latest Filing
target: 4
Counterparties (Filed by CMS-PC)
4 relationshipsCompanies named in CMS-PC's SEC 8-K filings as business counterparties.
| Counterparty | Ticker | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|---|
| New Covert Generating Company, LLC | — | target | Target of acquisition for a 1,176-megawatt natural gas-fired combined cycle generating plant. | 2021-06-23 | View |
| Dearborn Industrial Generation, LLC | — | target | Target of acquisition for a 770-megawatt natural gas and waste gas co-generation power plant. | 2021-06-23 | View |
| CMS Generation Michigan Power, LLC | — | target | Target of acquisition for a 75-megawatt natural gas-fired power plant. | 2021-06-23 | View |
| CMS Energy Resource Management Company | CMS-PC | target | Target of acquisition for a 156-megawatt natural gas-fired power plant. | 2021-06-23 | View |
Data extracted from SEC EDGAR 8-K filings using NLP. Relationships are as disclosed in filing text.
Covers 2021–2026. View on SEC EDGAR