Consumers Energy Co. Confirms NYSE Listing for CMS-PB Preferred Stock
Ticker: CMS-PB · Form: 8-K · Filed: Jan 9, 2024 · CIK: 201533
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, preferred-stock, exchange-listing
Related Tickers: CMS
TL;DR
**Consumers Energy Co. just confirmed its preferred stock (CMS-PB) is still listed on the NYSE.**
AI Summary
Consumers Energy Company filed an 8-K on January 9, 2024, to report an "Other Event" and provide "Financial Statements and Exhibits." The filing confirms that Consumers Energy Company's Cumulative Preferred stock, with the trading symbol CMS-PB, is registered on the New York Stock Exchange. This matters to investors because it reaffirms the listing status of their preferred shares, ensuring continued liquidity and transparency for this specific class of stock.
Why It Matters
This filing confirms the continued listing of Consumers Energy Company's preferred stock on the NYSE, which is important for maintaining investor confidence and market access for these securities.
Risk Assessment
Risk Level: low — This filing is largely administrative, confirming existing information, and does not introduce new significant risks or changes to the company's operations or financial health.
Analyst Insight
Investors holding or considering Consumers Energy Company's preferred stock (CMS-PB) can be assured of its continued listing on a major exchange, which supports liquidity and transparency. No immediate action is required based on this administrative filing.
Key Players & Entities
- Consumers Energy Company (company) — the registrant filing the 8-K
- CMS-PB (other) — trading symbol for Consumers Energy Company Cumulative Preferred stock
- New York Stock Exchange (other) — exchange where CMS-PB is registered
- January 9, 2024 (date) — date of earliest event reported and filing date
FAQ
What is the purpose of this 8-K filing by Consumers Energy Company?
The 8-K filing by Consumers Energy Company on January 9, 2024, is categorized under "Other Events" and "Financial Statements and Exhibits," primarily to confirm the registration of its Cumulative Preferred stock (CMS-PB) on the New York Stock Exchange.
What is the trading symbol for Consumers Energy Company's Cumulative Preferred stock mentioned in the filing?
The trading symbol for Consumers Energy Company's Cumulative Preferred stock, as stated in the filing, is CMS-PB.
On which exchange is Consumers Energy Company's Cumulative Preferred stock registered?
The filing explicitly states that Consumers Energy Company's Cumulative Preferred stock (CMS-PB) is registered on the New York Stock Exchange.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 9, 2024.
Is Consumers Energy Company considered an emerging growth company according to this filing?
No, the filing indicates with a checked box that Consumers Energy Company is NOT an emerging growth company, as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 634 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-01-09 12:07:22
Key Financial Figures
- $600,000,000 — y Company ("Consumers") issued and sold $600,000,000 aggregate principal amount of its 4.60%
Filing Documents
- tm242464d1_8k.htm (8-K) — 26KB
- tm242464d1_ex1-1.htm (EX-1.1) — 232KB
- tm242464d1_ex4-1.htm (EX-4.1) — 221KB
- tm242464d1_ex5-1.htm (EX-5.1) — 9KB
- tm242464d1_ex99-1.htm (EX-99.1) — 5KB
- tm242464d1_ex5-1img001.jpg (GRAPHIC) — 5KB
- tm242464d1_ex5-1img003.jpg (GRAPHIC) — 5KB
- tm242464d1_ex5-1img004.jpg (GRAPHIC) — 43KB
- 0001104659-24-002523.txt ( ) — 831KB
- cmspb-20240109.xsd (EX-101.SCH) — 3KB
- cmspb-20240109_lab.xml (EX-101.LAB) — 33KB
- cmspb-20240109_pre.xml (EX-101.PRE) — 22KB
- tm242464d1_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On January 9, 2024, Consumers Energy Company ("Consumers") issued and sold $600,000,000 aggregate principal amount of its 4.60% First Mortgage Bonds due 2029 (the "Bonds"), pursuant to a registration statement on Form S-3 that Consumers filed with the Securities and Exchange Commission utilizing a "shelf" registration process (No. 333-270060-01) (the Registration Statement), a Preliminary Prospectus Supplement dated January 2, 2024 to the Prospectus dated February 27, 2023, an Issuer Free Writing Prospectus dated January 2, 2024 that included the final terms of the transaction, a Final Prospectus Supplement dated January 2, 2024 to the Prospectus dated February 27, 2023 and an underwriting agreement among Consumers and the underwriters named in that agreement with respect to the Bonds. Consumers intends to use the net proceeds for general corporate purposes. This Current Report on Form 8-K is being filed to file certain documents in connection with the offering as exhibits to the Registration
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 1.1 Underwriting Agreement dated January 2, 2024, among Consumers and Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., BNP Paribas Securities Corp., PNC Capital Markets LLC, Academy Securities, Inc., and Fifth Third Securities, Inc., as underwriters. 4.1 151 st Supplemental Indenture dated as of January 9, 2024, between Consumers and The Bank of New York Mellon, as Trustee. 4.2 Form of 4.60% First Mortgage Bonds due 2029 (included in Exhibit 4.1). 5.1 Opinion of Melissa M. Gleespen, Esq., Vice President, Corporate Secretary and Chief Compliance Officer of Consumers, dated January 9, 2024, regarding the legality of the Bonds. 23.1 Consent of Melissa M. Gleespen, Esq. (included in Exhibit 5.1). 99.1 Information relating to Item 14 of the Registration Statement on Form S-3 (No. 333-270060-01). 104.1 Included in the cover page, formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONSUMERS ENERGY COMPANY Dated: January 9, 2024 By: /s/ Rejji P. Hayes Rejji P. Hayes Executive Vice President and Chief Financial Officer