Assessing CMS Energy (CMS) Valuation After Parnassus Addition And Raised Earnings Guidance

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CMS Energy (CMS) has attracted attention due to its addition to the Parnassus Mid Cap Fund and raised earnings guidance. Despite a P/E ratio higher than the global integrated utilities average, its valuation is considered “about right” at $79.62, factoring in potential growth from increased electricity demand in Michigan. However, the article highlights risks related to regulatory support and the pace of large data center projects, which could impact its future performance.

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