Utilities - Regulated Electric - NYSE - US
$ 68.23
1.22 %
$ 20.4 B
Market Cap
19.44
P/E
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities.[ Read More ]
The intrinsic value of one CMS stock under the base case scenario is HIDDEN Compared to the current market price of 68.2 USD, CMS Energy Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CMS
FINANCIALS
7.46 B
REVENUE
1.24 B
OPERATING INCOME
808 M
NET INCOME
2.31 B
OPERATING CASH FLOW
-3.39 B
INVESTING CASH FLOW
1.14 B
FINANCING CASH FLOW
1.74 B
REVENUE
367 M
OPERATING INCOME
247 M
NET INCOME
304 M
OPERATING CASH FLOW
-855 M
INVESTING CASH FLOW
229 M
FINANCING CASH FLOW
Balance Sheet Decomposition
CMS Energy Corporation
| Current Assets | 2.84 B |
| Cash & Short-Term Investments | 227 M |
| Receivables | 944 M |
| Other Current Assets | 1.67 B |
| Non-Current Assets | 30.7 B |
| Long-Term Investments | 76 M |
| PP&E | 25.1 B |
| Other Non-Current Assets | 5.5 B |
| Current Liabilities | 2.9 B |
| Accounts Payable | 809 M |
| Short-Term Debt | 1.07 B |
| Other Current Liabilities | 1.02 B |
| Non-Current Liabilities | 22.5 B |
| Long-Term Debt | 14.6 B |
| Other Non-Current Liabilities | 7.9 B |
EFFICIENCY
Earnings Waterfall
CMS Energy Corporation
| Revenue | 7.46 B |
| Cost Of Revenue | 4.6 B |
| Gross Profit | 2.86 B |
| Operating Expenses | 1.63 B |
| Operating Income | 1.24 B |
| Other Expenses | 427 M |
| Net Income | 808 M |
RATIOS
38.35%
GROSS MARGIN
16.55%
OPERATING MARGIN
11.89%
NET MARGIN
11.76%
ROE
2.65%
ROA
4.52%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
CMS Energy Corporation
| Net Income | 808 M |
| Depreciation & Amortization | 1.18 B |
| Capital Expenditures | -2.57 B |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 416 M |
| Others | -126 M |
| Free Cash Flow | -265 M |
Wall Street Analysts Price Targets
CMS Energy Corporation
Wall Street analysts predict an average 1-year price target for CMS of $67.6 , with forecasts ranging from a low of $59 to a high of $76 .
CMS Lowest Price Target
Wall Street Target
59 USD
-13.53%
CMS Average Price Target
Wall Street Target
67.6 USD
-0.86%
CMS Highest Price Target
Wall Street Target
76 USD
11.39%
4. DIVIDEND ANALYSIS
0.73%
DIVIDEND YIELD
0.515 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
CMS Energy Corporation
Sold
0-3 MONTHS
138 K USD 1
3-6 MONTHS
507 K USD 3
6-9 MONTHS
324 K USD 2
9-12 MONTHS
57.9 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 04, 2024
|
Sell 138 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 2000
|
68.8543 USD |
|
3 months ago
Aug 01, 2024
|
Sell 264 K USD
|
Rich Brian F
Senior Vice President |
- 4000
|
65.9956 USD |
|
5 months ago
Jun 13, 2024
|
Sell 100 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 1667
|
59.9837 USD |
|
5 months ago
Jun 07, 2024
|
Sell 143 K USD
|
BARFIELD JON E
Director |
- 2360
|
60.7873 USD |
|
6 months ago
May 02, 2024
|
Sell 122 K USD
|
Rich Brian F
Senior Vice President |
- 2000
|
61.1037 USD |
|
8 months ago
Feb 23, 2024
|
Sell 202 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 3500
|
57.7829 USD |
|
11 months ago
Dec 07, 2023
|
Sell 57.9 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 1000
|
57.9 USD |
|
1 year ago
Nov 08, 2023
|
Sell 274 K USD
|
Rich Brian F
Senior Vice President |
- 5000
|
54.9 USD |
|
1 year ago
Nov 02, 2023
|
Sell 90.2 K USD
|
RUSSELL JOHN G
Director |
- 1645
|
54.808 USD |
|
1 year ago
Nov 02, 2023
|
Sell 965 K USD
|
RUSSELL JOHN G
Director |
- 17355
|
55.594 USD |
|
1 year ago
Sep 13, 2023
|
Sell 93.8 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 1667
|
56.2735 USD |
|
1 year ago
Aug 15, 2023
|
Sell 131 K USD
|
BARFIELD JON E
Director |
- 2345
|
56.06 USD |
|
1 year ago
Jun 12, 2023
|
Sell 452 K USD
|
Hendrian Catherine A
Senior Vice President |
- 7500
|
60.2613 USD |
|
1 year ago
Mar 16, 2023
|
Sell 247 K USD
|
Rich Brian F
Senior Vice President |
- 4000
|
61.72 USD |
|
1 year ago
Mar 09, 2023
|
Sell 75 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 1250
|
60 USD |
|
1 year ago
Mar 13, 2023
|
Sell 75 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 1250
|
60.0012 USD |
|
1 year ago
Feb 13, 2023
|
Sell 50.3 K USD
|
Johnson Shaun M
SVP and General Counsel |
- 814
|
61.7362 USD |
|
1 year ago
Nov 28, 2022
|
Sell 25.5 K USD
|
Johnson Shaun M
SVP and General Counsel |
- 420
|
60.8049 USD |
|
2 years ago
Nov 01, 2022
|
Sell 350 K USD
|
McIntosh Scott B
VP, Controller, CAO |
- 6096
|
57.3694 USD |
|
2 years ago
Oct 31, 2022
|
Sell 50 K USD
|
McIntosh Scott B
VP, Controller, CAO |
- 875
|
57.1746 USD |
|
2 years ago
Jun 10, 2022
|
Sell 49.9 K USD
|
Johnson Shaun M
SVP and General Counsel |
- 736
|
67.7712 USD |
|
2 years ago
Jun 09, 2022
|
Sell 88 K USD
|
BARFIELD JON E
director: |
- 1267
|
69.4361 USD |
|
2 years ago
Jun 01, 2022
|
Sell 49.8 K USD
|
McIntosh Scott B
VP, Controller, CAO |
- 703
|
70.8622 USD |
|
2 years ago
May 31, 2022
|
Sell 50.1 K USD
|
McIntosh Scott B
VP, Controller, CAO |
- 703
|
71.2093 USD |
|
2 years ago
May 11, 2022
|
Sell 49.8 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 719
|
69.1957 USD |
|
2 years ago
May 11, 2022
|
Sell 19.4 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 281
|
69.2029 USD |
|
2 years ago
Mar 14, 2022
|
Sell 431 K USD
|
Hendrian Catherine A
Senior Vice President |
- 6521
|
66.0917 USD |
|
3 years ago
Nov 17, 2021
|
Sell 211 K USD
|
Rich Brian F
Senior Vice President |
- 3500
|
60.32 USD |
|
3 years ago
Sep 01, 2021
|
Sell 49.9 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 770
|
64.82 USD |
|
3 years ago
Aug 23, 2021
|
Sell 264 K USD
|
BARFIELD JON E
Director |
- 4120
|
64.08 USD |
|
3 years ago
Aug 11, 2021
|
Sell 221 K USD
|
Rich Brian F
Senior Vice President |
- 3500
|
63.14 USD |
|
3 years ago
Aug 09, 2021
|
Sell 808 K USD
|
BARBA GLENN P
Vice President, CAO |
- 12800
|
63.1 USD |
|
3 years ago
Aug 05, 2021
|
Sell 502 K USD
|
Hendrian Catherine A
Senior Vice President |
- 7991
|
62.7975 USD |
|
3 years ago
Mar 10, 2021
|
Sell 172 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 3010
|
57.2146 USD |
|
4 years ago
Sep 09, 2020
|
Sell 99.6 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 1600
|
62.25 USD |
|
4 years ago
Sep 03, 2020
|
Sell 99.9 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 1620
|
61.6627 USD |
|
4 years ago
Sep 01, 2020
|
Sell 148 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 2460
|
60.25 USD |
|
4 years ago
Aug 31, 2020
|
Sell 26 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 430
|
60.4342 USD |
|
4 years ago
Aug 25, 2020
|
Sell 42.6 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 699
|
61 USD |
|
4 years ago
Aug 17, 2020
|
Sell 49 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 800
|
61.2994 USD |
|
4 years ago
Aug 14, 2020
|
Sell 293 K USD
|
BARFIELD JON E
Director |
- 4800
|
60.9561 USD |
|
4 years ago
Aug 11, 2020
|
Sell 48.4 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 770
|
62.7977 USD |
|
4 years ago
Aug 10, 2020
|
Sell 99.4 K USD
|
Hendrian Catherine A
Senior Vice President |
- 1584
|
62.7769 USD |
|
4 years ago
Aug 07, 2020
|
Sell 49.1 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 780
|
63 USD |
|
4 years ago
Aug 07, 2020
|
Sell 50 K USD
|
Hendrian Catherine A
Senior Vice President |
- 792
|
63.0687 USD |
|
4 years ago
May 26, 2020
|
Sell 50.6 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 899
|
56.2945 USD |
|
4 years ago
May 26, 2020
|
Sell 50 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 881
|
56.75 USD |
|
4 years ago
May 26, 2020
|
Sell 50.3 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 891
|
56.41 USD |
|
4 years ago
May 21, 2020
|
Sell 48.8 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 875
|
55.7571 USD |
|
4 years ago
May 18, 2020
|
Sell 50 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 900
|
55.5 USD |
|
4 years ago
May 18, 2020
|
Sell 50.2 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 909
|
55.18 USD |
|
4 years ago
May 18, 2020
|
Sell 50 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 892
|
56 USD |
|
4 years ago
May 14, 2020
|
Sell 50.1 K USD
|
Hendrian Catherine A
Senior Vice President |
- 926
|
54.1262 USD |
|
4 years ago
May 14, 2020
|
Sell 99.8 K USD
|
Hendrian Catherine A
Senior Vice President |
- 1843
|
54.1738 USD |
|
4 years ago
May 12, 2020
|
Sell 50 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 900
|
55.5 USD |
|
4 years ago
May 12, 2020
|
Sell 50 K USD
|
Brossoit Jean-Francois
Senior Vice President |
- 896
|
55.75 USD |
|
4 years ago
May 12, 2020
|
Sell 417 K USD
|
Rich Brian F
Senior Vice President |
- 7500
|
55.6433 USD |
|
4 years ago
Apr 01, 2020
|
Sell 154 K USD
|
RUSSELL JOHN G
Director |
- 2748
|
56.0947 USD |
|
4 years ago
Apr 01, 2020
|
Sell 158 K USD
|
RUSSELL JOHN G
Director |
- 2852
|
55.3816 USD |
|
4 years ago
Mar 02, 2020
|
Sell 55.8 K USD
|
RUSSELL JOHN G
Director |
- 900
|
62.0411 USD |
|
4 years ago
Mar 02, 2020
|
Sell 66.2 K USD
|
RUSSELL JOHN G
Director |
- 1035
|
63.9717 USD |
|
4 years ago
Mar 02, 2020
|
Sell 59 K USD
|
RUSSELL JOHN G
Director |
- 965
|
61.1824 USD |
|
4 years ago
Mar 02, 2020
|
Sell 170 K USD
|
RUSSELL JOHN G
|
- 2700
|
63.0833 USD |
|
4 years ago
Feb 03, 2020
|
Sell 384 K USD
|
RUSSELL JOHN G
Director |
- 5600
|
68.5651 USD |
|
4 years ago
Jan 02, 2020
|
Sell 350 K USD
|
RUSSELL JOHN G
Director |
- 5600
|
62.4637 USD |
|
4 years ago
Dec 02, 2019
|
Sell 342 K USD
|
RUSSELL JOHN G
Director |
- 5600
|
61.0342 USD |
|
5 years ago
Nov 14, 2019
|
Sell 510 K USD
|
BARFIELD JON E
Director |
- 8390
|
60.7496 USD |
|
5 years ago
Nov 04, 2019
|
Sell 47.1 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 750
|
62.742 USD |
|
5 years ago
Nov 01, 2019
|
Sell 47.6 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 750
|
63.4427 USD |
|
5 years ago
Nov 01, 2019
|
Sell 355 K USD
|
RUSSELL JOHN G
Director |
- 5600
|
63.4804 USD |
|
5 years ago
Oct 01, 2019
|
Sell 359 K USD
|
RUSSELL JOHN G
Director |
- 5600
|
64.0407 USD |
|
5 years ago
Sep 03, 2019
|
Sell 178 K USD
|
RUSSELL JOHN G
Director |
- 2800
|
63.5664 USD |
|
5 years ago
Sep 03, 2019
|
Sell 180 K USD
|
RUSSELL JOHN G
Director |
- 2800
|
64.1167 USD |
|
5 years ago
Aug 27, 2019
|
Sell 2.11 M USD
|
RUSSELL JOHN G
Director |
- 33500
|
63.0192 USD |
|
5 years ago
Aug 23, 2019
|
Sell 31.2 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 500
|
62.36 USD |
|
5 years ago
Aug 13, 2019
|
Sell 239 K USD
|
Rich Brian F
Senior Vice President |
- 4000
|
59.6963 USD |
|
5 years ago
Aug 08, 2019
|
Sell 2.01 M USD
|
RUSSELL JOHN G
Director |
- 33500
|
60.0421 USD |
|
5 years ago
Aug 01, 2019
|
Sell 324 K USD
|
RUSSELL JOHN G
Director |
- 5600
|
57.7777 USD |
|
5 years ago
Jul 01, 2019
|
Sell 322 K USD
|
RUSSELL JOHN G
Director |
- 5600
|
57.4588 USD |
|
5 years ago
May 23, 2019
|
Sell 99.9 K USD
|
Hendrian Catherine A
Senior Vice President |
- 1753
|
56.9649 USD |
|
5 years ago
May 08, 2019
|
Sell 339 K USD
|
Reynolds Catherine M
SVP and General Counsel |
- 6203
|
54.6262 USD |
|
5 years ago
May 03, 2019
|
Sell 467 K USD
|
BARBA GLENN P
VP, Controller, CAO |
- 8500
|
54.95 USD |
|
5 years ago
Apr 30, 2019
|
Sell 930 K USD
|
RUSSELL JOHN G
Director |
- 16800
|
55.35 USD |
|
5 years ago
Feb 12, 2019
|
Sell 434 K USD
|
Reynolds Catherine M
SVP and General Counsel |
- 8187
|
53.0175 USD |
|
5 years ago
Nov 20, 2018
|
Sell 25.9 K USD
|
Hofmeister Brandon J.
Senior Vice President |
- 500
|
51.88 USD |
|
6 years ago
Oct 30, 2018
|
Sell 199 K USD
|
Rich Brian F
SVP and CIO |
- 4000
|
49.687 USD |
|
6 years ago
Aug 14, 2018
|
Sell 48.8 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 1000
|
48.7665 USD |
|
6 years ago
Aug 13, 2018
|
Sell 139 K USD
|
BARFIELD JON E
Director |
- 2861
|
48.4529 USD |
|
6 years ago
May 17, 2018
|
Sell 44.1 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 1000
|
44.1065 USD |
|
6 years ago
May 07, 2018
|
Sell 258 K USD
|
Reynolds Catherine M
SVP and General Counsel |
- 5611
|
46.0526 USD |
|
6 years ago
May 02, 2018
|
Sell 468 K USD
|
BARBA GLENN P
VP, Controller, CAO |
- 10000
|
46.85 USD |
|
6 years ago
May 02, 2018
|
Sell 46.6 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 1000
|
46.62 USD |
|
6 years ago
Feb 20, 2018
|
Sell 361 K USD
|
Reynolds Catherine M
SVP and General Counsel |
- 8310
|
43.397 USD |
|
6 years ago
Nov 20, 2017
|
Sell 124 K USD
|
MENGEBIER DAVID G
Senior Vice President |
- 2500
|
49.4815 USD |
|
7 years ago
Nov 02, 2017
|
Sell 48.1 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 1000
|
48.115 USD |
|
7 years ago
Nov 01, 2017
|
Sell 48 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 1000
|
48.017 USD |
|
7 years ago
Aug 22, 2017
|
Sell 169 K USD
|
Rich Brian F
SVP and CIO |
- 3500
|
48.263 USD |
|
7 years ago
Aug 17, 2017
|
Sell 47.8 K USD
|
Rochow Garrick J
Senior Vice President |
- 1000
|
47.82 USD |
|
7 years ago
Aug 17, 2017
|
Sell 47.8 K USD
|
Rochow Garrick J
Senior Vice President |
- 1000
|
47.79 USD |
|
7 years ago
Aug 03, 2017
|
Sell 297 K USD
|
BARFIELD JON E
Director |
- 6336
|
46.8055 USD |
|
7 years ago
May 30, 2017
|
Sell 474 K USD
|
Malone Daniel J
Senior Vice President |
- 10000
|
47.4211 USD |
|
7 years ago
May 25, 2017
|
Sell 2.36 M USD
|
WEBB THOMAS J
Vice Chairman |
- 50000
|
47.2318 USD |
|
7 years ago
May 16, 2017
|
Sell 91 K USD
|
Venkat Dhenuvakonda Rao
Senior Vice President |
- 2000
|
45.4972 USD |
|
7 years ago
May 09, 2017
|
Sell 689 K USD
|
BARBA GLENN P
VP, Controller, CAO |
- 15271
|
45.1285 USD |
|
7 years ago
May 09, 2017
|
Sell 32.8 K USD
|
BARBA GLENN P
VP, Controller, CAO |
- 729
|
45.01 USD |
|
7 years ago
May 08, 2017
|
Sell 466 K USD
|
Reynolds Catherine M
SVP and General Counsel |
- 10246
|
45.4859 USD |
|
7 years ago
Mar 07, 2017
|
Sell 659 K USD
|
Butler John M
Senior Vice President |
- 14857
|
44.3572 USD |
|
7 years ago
Feb 23, 2017
|
Sell 2.2 M USD
|
WEBB THOMAS J
Exec Vice Pres/CFO |
- 50000
|
44.01 USD |
7. News
HeartSciences' AI-ECG Algorithms Assigned CMS Medicare and Medicaid Reimbursement
Southlake, TX, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Heart Test Laboratories, Inc. d/b/a HeartSciences (NASDAQ: HSCS; HSCSW) (“HeartSciences” or the “Company”), an artificial intelligence (AI)-powered medical technology company focused on transforming ECGs/EKGs to save lives through earlier detection of heart disease, today announced that the Centers for Medicare & Medicaid Services (CMS) has included AI-ECG technology in the 2025 Hospital Outpatient Prospective Payment System (OPPS) final rule under assignment APC 5734. This approval would allow outpatient settings to receive reimbursement for HeartSciences' MyoVista® wavECGTM algorithm and MyoVista® InsightsTM low ejection fraction algorithm, upon FDA clearance. The payment rate is expected to be $125.
globenewswire.com
- 3 days ago
CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
JACKSON, Mich. , Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.
prnewswire.com
- 1 week ago
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
JACKSON, Mich. , Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the Utility's preferred stock.
prnewswire.com
- 1 week ago
Limaca's Precision-GI™ Granted CMS Transitional Pass-Through (TPT) Payment
Precision-GI™ FDA Designated Breakthrough product and FDA cleared semi-automated motorized endoscopic biopsy device entering U.S. market YOKNEAM, Israel , Nov. 7, 2024 /PRNewswire/ -- The Centers for Medicare & Medicaid Services (CMS) has granted transitional pass-through (TPT) payment for Limaca Medical Ltd. ("Limaca")'s Precision-GI™ motorized endoscopic biopsy device.
prnewswire.com
- 1 week ago
CMS Decision And O&P Network Build Out Make Myomo A Buy
Myomo's business model is now sustainable due to CMS reclassifying MyoPro, leading to lump sum payments and consistent insurance coverage. Medicare Part B coverage has significantly improved Myomo's operating margin and accelerated its product sales growth. The development of an Orthopedic and Prosthetic clinic network will lower customer acquisition costs and create recurring sales, enhancing long-term growth & margins.
seekingalpha.com
- 1 week ago
Profound Medical Announces TULSA Reimbursement Raised to Urology APC Level 7 Under CMS Outpatient Prospective Payment System (OPPS) Final Rule for CY2025
– TULSA to stand above all other covered prostate disease treatment modalities at Urology Level 7 reimbursement – – First-time CPT® code reimbursement for TULSA to be effective January 1, 2025 – TORONTO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, today announced that U.S. Centers for Medicare and Medicaid Services (“CMS”) has released its final rule (the “Final Rule”) establishing, for the first time, a Category 1 CPT® code for the Transurethral Ultrasound Ablation (“TULSA”) procedure, effective January 1, 2025. According to the Final Rule, TULSA will have three codes to cover how therapy is delivered depending on if there are one or two physicians involved in the procedure: CPT 51721 TULSA Device Management and CPT 55881 TULSA Treatment, when two physicians are involved in the procedure, and CPT 55882 TULSA Complete Procedure, when performed by a single physician.
globenewswire.com
- 1 week ago
Telix Welcomes CMS Decision to Improve Payments for Diagnostic Radiopharmaceuticals
MELBOURNE, Australia, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today welcomes the announcement by the United States (U.S.) Centers for Medicare & Medicaid Services (CMS) that it will pay separately for specialized diagnostic radiopharmaceuticals1 for Medicare Fee for Service patients in the hospital outpatient setting, beyond the transitional pass-through payment period (“pass-through”). This is a significant decision for patients and hospitals, with the change facilitating equitable access to advanced imaging agents for all patients into the future.
globenewswire.com
- 1 week ago
CMS grants Transitional Pass-Through Payment for Medtronic Symplicity Spyral™ renal denervation catheter
The Symplicity ™ blood pressure procedure offers patients a new adjunct approach to lowering blood pressure GALWAY, Ireland , Nov. 1, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced that the Centers for Medicare & Medicaid Services (CMS) has granted transitional pass-through (TPT) payment for the Medtronic Symplicity Spyral™ renal denervation (RDN) catheter, used in the Symplicity™ blood pressure procedure, under the Medicare Hospital Outpatient Prospective Payment System. TPT payment, which will be effective for up to three years beginning January 1, 2025, aims to support patient access to new and innovative technology, including devices granted Breakthrough Device Designations like the Symplicity Spyral RDN system.
prnewswire.com
- 2 weeks ago
Correction Notice of Press Release Announcing HeartCore's Expansion of its CMS Platform Offering into a SaaS Delivery Model
NEW YORK and TOKYO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced a correction to a number in the second paragraph of its press release sent out on October 30, 2024.
globenewswire.com
- 2 weeks ago
CMS Energy (CMS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for CMS Energy (CMS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 2 weeks ago
CMS Energy Corporation (CMS) Q3 2024 Earnings Call Transcript
CMS Energy Corporation (NYSE:CMS ) Q3 2024 Earnings Conference Call October 31, 2024 9:30 AM ET Company Participants Jason Shore - Treasurer & VP, IR Garrick Rochow - President & CEO Rejji Hayes - EVP & CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Ross Fowler - Bank of America Julien Dumoulin-Smith - Jefferies Travis Miller - Morningstar Michael Sullivan - Wolfe Research Andrew Weisel - Scotiabank Angie Storozynski - Seaport Anthony Crowdell - Mizuho Operator Good morning, everyone, and welcome to the CMS Energy 2024 Third Quarter Results. The earnings news release issued earlier today and the presentation used in this webcast are available on CMS Energy's website in the Investor Relations section.
seekingalpha.com
- 2 weeks ago
CMS Energy Q3 Earnings Beat Estimates, Revenues Improve Y/Y
CMS' third-quarter 2024 operating revenues totaled $1.74 billion, which lagged the Zacks Consensus Estimate by 4.9%. The top line, however, increased 4.2% on a year-over-year basis.
zacks.com
- 2 weeks ago
8. Profile Summary
CMS Energy Corporation CMS
COUNTRY
US
INDUSTRY
Regulated Electric
MARKET CAP
$ 20.4 B
Dividend Yield
0.73%
Description
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
Contact
One Energy Plaza, Jackson, MI, 49201
https://www.cmsenergy.com
IPO Date
May 1, 1987
Employees
8356
Officers
Mr. Shaun M. Johnson J.D.
Senior Vice President & General Counsel
Mr. LeeRoy Wells Jr.
Senior Vice President of Operations
Mr. Brandon J. Hofmeister
Senior Vice President of Strategy, Sustainability & External Affairs
Mr. Brian F. Rich
Senior Vice President of Customer Experience & Technology and Chief Customer Officer
Mr. Garrick J. Rochow
President, Chief Executive Officer & Director
Mr. Jason M. Shore
Treasurer & Vice President of Investor Relations
Mr. Jim G. Beechey
Vice President of IT & Security and Chief Information Officer
Ms. Melissa M. Gleespen
Vice President, Chief Compliance Officer & Corporate Secretary
Mr. Scott B. McIntosh
Chief Accounting Officer, Controller & Vice President
Mr. Rejji P. Hayes
Executive Vice President & Chief Financial Officer