CMP: $25

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company, through its subsidiaries provides electricity and/or natural gas to its customers in Michigan. CMS Energy also invests in and operates non-utility power generation plants in the United States and abroad.

CMS Energy is a $6.66 Billion market cap company trading at a P/E of 19. Revenues have risen from $6.20 Billion to $6.50 Billion in the last 2 years. Profits have risen from $218 Million to $415 Million in the last 2 years. Profit margins have surged from less than 4% to well over 6% in the last 2 years. But for high debt levels, it looks good.