CMS Energy Corporation (CMS)

Currency in USD
71.99
-0.27(-0.37%)
Closed·
71.990.00(0.00%)
·
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Fair Value
Day's Range
71.5472.56
52 wk Range
68.6480.36
Key Statistics
Prev. Close
72.26
Open
72.1
Day's Range
71.54-72.56
52 wk Range
68.64-80.36
Volume
4.54M
Average Volume (3m)
3.31M
1-Year Change
-2.8213%
Book Value / Share
30.91
Fair Value
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Fair Value Upside
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CMS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
80.62
Upside
+11.98%
Members' Sentiments
Bearish
Bullish
ProTips
6 analysts have revised their earnings upwards for the upcoming period

CMS Energy Corporation News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Analyst Ratings

7 Buy
8 Hold
1 Sell
Ratings:
16 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 80.62
(+11.98% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
UBS
Hold84.00+16.68%83.00MaintainJul 29, 2026
Mizuho
Hold77.00+6.96%78.00MaintainJul 29, 2026
KeyBanc
Hold---DowngradeJul 23, 2026
Morgan Stanley
Hold80.00+11.13%77.00MaintainJul 22, 2026
Wells Fargo
Hold79.00+9.74%80.00MaintainJul 22, 2026

CMS Energy Corporation SWOT Analysis


Regulatory Tailwinds
CMS Energy benefits from a supportive regulatory environment in Michigan, with recent approvals bolstering revenue and reinforcing investor confidence in the utility's growth prospects.
Financial Fortitude
Explore CMS Energy's robust financial outlook, featuring projected 6-8% annual EPS growth, consistent dividends, and an upward revision of 2025 EPS guidance to $3.54-$3.60.
Strategic Initiatives
Delve into CMS Energy's key growth drivers, including renewable energy programs, digital innovations, and efficient financing strategies poised to capitalize on Michigan's Energy Law.
Analyst Perspectives
Discover why analysts maintain a positive outlook on CMS Energy, with price targets ranging from $75 to $80, reflecting confidence in the company's regulatory position and execution.
Read full SWOT analysis

CMS Energy Corporation Earnings Call Summary for Q2/2026

  • CMS Energy missed Q2 2026 estimates with $0.37 EPS vs. $0.76 forecast, but reaffirmed 2026 guidance of $3.83-$3.90 and introduced 2027 guidance of $4.08-$4.17.
  • Company plans to exit non-utility renewable development at NorthStar, redirecting $1.7B capital to regulated utility operations targeting 6-8% annual EPS growth.
  • CMS outlined $24B five-year utility capital plan supporting 10.5% rate-base growth, with $3B additional opportunities tied to data center and industrial demand.
  • Management filed rate cases seeking $456M electric and $232M gas revenue increases; completed $500M of planned $700M equity issuance to fund capital program.
  • Shares rose 2.34% to $76.01 despite earnings miss as investors focused on strategic simplification and long-term regulated utility growth trajectory.
Last Updated: 2026/07/28, 17:04
Read Full Transcript

Earnings

Latest Release
Jul 28, 2026
EPS / Forecast
0,37 / 0,76
Revenue / Forecast
1,83B / 1,92B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.33%
Dividend Yield
3.17%
Industry Median 3.53%
Annualised payout
2.28
Paid quarterly
5-Years Growth
+5.72%
Growth Streak

CMS Income Statement

Compare CMS to Peers and Sector

Metrics to compare
CMS
Peers
Sector
Relationship
P/E Ratio
22.2x22.2x12.1x
PEG Ratio
−11.623.790.02
Price/Book
2.4x2.4x1.3x
Price / LTM Sales
2.6x3.6x1.7x
Upside (Analyst Target)
12.5%12.0%17.3%
Fair Value Upside
Unlock−7.3%3.2%Unlock

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company 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.

Sector
Utilities
Employees
8350

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
186,58M59,50%13,43B
Other Institutional Investors
118,09M37,66%8,50B
Public Companies & Retail Investors
8,91M2,84%641,18M
Total
313,58M100,00%22,57B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.10,70%33 563 5742 416 242
Vanguard Capital Management, LLC6,34%19 877 2971 430 967

FAQ

What Is the CMS Energy (CMS) Stock Price Today?

The CMS Energy stock price today is 71,99 USD.

What Stock Exchange Does CMS Energy Trade On?

CMS Energy is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for CMS Energy?

The stock symbol for CMS Energy is "CMS."

Does CMS Energy Pay Dividends? What’s The Current Dividend Yield?

The CMS Energy dividend yield is 3.17%.

What Is the CMS Energy Market Cap?

As of today, CMS Energy market cap is 22,66B USD.

What Is CMS Energy's Earnings Per Share (TTM)?

The CMS Energy EPS (TTM) is 3,33.

When Is the Next CMS Energy Earnings Date?

CMS Energy will release its next earnings report on Oct 22, 2026.

From a Technical Analysis Perspective, Is CMS a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has CMS Energy Stock Split?

CMS Energy has split 0 times.

How Many Employees Does CMS Energy Have?

CMS Energy has 8350 employees.

What is the current trading status of CMS Energy (CMS)?

As of Aug 01, 2026, CMS Energy (CMS) is trading at a price of 71,99 USD, with a previous close of 72,26 USD. The stock has fluctuated within a day range of 71,54 USD to 72,56 USD, while its 52-week range spans from 68,64 USD to 80,36 USD.

What Is CMS Energy (CMS) Price Target According to Analysts?

The average 12-month price target for CMS Energy is 80,62 USD, with a high estimate of 87 USD and a low estimate of 68 USD. 7 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an +11,98% Upside potential.
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