CMS Energy (CMS): Consumers Energy Announces Signing of Purchase Agreement to Sell 13 Hydroelectric Dams

CMS Energy Corporation (NYSE:CMS) is one of the Best Electric Utility Stocks to Buy According to Analysts. On September 9, Consumers Energy announced that it signed a purchase agreement to sell 13 hydroelectric dams along 5 Michigan rivers to Confluence Hydro, which is an affiliate of Hull Street Energy, LLC. To give a brief perspective, CMS Energy Corporation (NYSE:CMS) is an energy provider featuring Consumers Energy as the primary business.

The sale of dams is the best path forward for the customers. It balances 2 important needs, to reduce costs for Consumers Energy’s customers while caring for communities that depend on the dams. Elsewhere, on an adjusted EPS basis year to date, CMS Energy Corporation (NYSE:CMS) reported $1.73 per share in 2025 as compared to $1.63 per share in 2024. This was due to the constructive regulatory outcomes, cost-reduction initiatives, and favorable weather.

CMS Energy Corporation (NYSE:CMS) also reaffirmed the 2025 adjusted earnings guidance of $3.54 – $3.60 per share and long-term adjusted EPS growth of 6% – 8%, with continued confidence towards the high end.

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Disclosure: None. This article is originally published at Insider Monkey.