Val
—
Gro
—
Qua
—
Mom
—
Sta
—
Cap—
P/S2.65
P/E—
Fwd P/E17.88
PEG2.87
52W— – —
RSI—
Target$80.46 (+8.2%)
BetaN/A
Div2.92%
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RSI (14)
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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.
52-Week Range
52W Low
—
52W High
Position in Range
—
RSI (14)
0 · Oversold
RSI 48
Overbought · 100
Signal
Neutral
EMA Price Levels
Volume Analysis
Momentum Dashboard
Trend Strength
Detected Patterns
1Bullish
0Bearish
0Neutral
▲ Double Bottom — Two lows ~$70.19 — bullish reversal confirmed
View overlays on the price chart via Chart tab → Pattern Overlays.
EPS — History & Forecast
Estimate
Beat
Miss
Forecast
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Revenue — History & Forecast
Revenue
Forecast
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EPS Beat Rate
100%
8/8 quarters
Wall Street Consensus
BUY
BuyHoldSell
Price Target Range
$80.46
+8.2% upside
Low $66
—
High $87
Consensus
Current price
Wall Street Analyst Ratings
| Firm | Rating | Change | Action | Date |
|---|---|---|---|---|
| Mizuho | Neutral | — | ↔ Maintain | 2026-07-29 |
| Keybanc | Sector Weight | Overweight → Sector Weight | ▼ Downgrade | 2026-07-23 |
| BMO Capital | Outperform | — | ↔ Maintain | 2026-07-22 |
| JP Morgan | Overweight | — | ↔ Maintain | 2026-07-16 |
| Barclays | Overweight | — | ↔ Maintain | 2026-07-14 |
| Jefferies | Hold | Buy → Hold | ▼ Downgrade | 2026-06-04 |
| Truist Securities | Buy | — | ↔ Maintain | 2026-05-18 |
| B of A Securities | Buy | — | ↔ Maintain | 2026-04-21 |
| Morgan Stanley | Equal-Weight | — | ↔ Maintain | 2026-02-02 |
| Wells Fargo | Equal-Weight | — | ↔ Maintain | 2026-01-20 |
| UBS | Neutral | — | ↔ Maintain | 2025-12-17 |
Mizuho
2026-07-29
Neutral
↔ Maintain
Keybanc
2026-07-23
Sector Weight
(from Overweight)
▼ Downgrade
BMO Capital
2026-07-22
Outperform
↔ Maintain
JP Morgan
2026-07-16
Overweight
↔ Maintain
Barclays
2026-07-14
Overweight
↔ Maintain
Jefferies
2026-06-04
Hold
(from Buy)
▼ Downgrade
Truist Securities
2026-05-18
Buy
↔ Maintain
B of A Securities
2026-04-21
Buy
↔ Maintain
Morgan Stanley
2026-02-02
Equal-Weight
↔ Maintain
Wells Fargo
2026-01-20
Equal-Weight
↔ Maintain
UBS
2025-12-17
Neutral
↔ Maintain
Profitability
Gross Margin
39.59%TTM
Op. Margin
14.43%TTM
ROE
9.16%TTM
Rev. Growth
-0.50%YoY
Free Cash Flow
-2.01BTTM
FCF Yield
—TTM
Balance Sheet
Debt / Equity
185.60MRQ
Current Ratio
1.31MRQ
Cash
241.00MMRQ
Total Debt
19.30BMRQ
Net Debt
—MRQ
Income
Div. Yield
2.92%TTM
Annual Rate
2.28Fwd
Payout Ratio
60.79%TTM
Dividend History
Payout Ratio (TTM): 60.79%
| Date | Amount / Share | Yield at Payment |
|---|---|---|
| 2026-05-08 | $0.5700 | 0.79% |
| 2026-02-17 | $0.5700 | 0.76% |
| 2025-11-07 | $0.5430 | 0.75% |
| 2025-08-08 | $0.5430 | 0.76% |
| 2025-05-09 | $0.5430 | 0.77% |
| 2025-02-14 | $0.5430 | 0.82% |
| 2024-11-13 | $0.5150 | 0.80% |
| 2024-08-02 | $0.5150 | 0.82% |
| 2024-05-14 | $0.5150 | 0.88% |
| 2024-02-09 | $0.5150 | 0.98% |
| 2023-11-02 | $0.4880 | 0.95% |
| 2023-08-03 | $0.4880 | 0.91% |
| 2023-05-04 | $0.4880 | 0.88% |
| 2023-02-10 | $0.4880 | 0.88% |
| 2022-11-03 | $0.4600 | 0.90% |
| 2022-08-04 | $0.4600 | 0.76% |
| 2022-05-05 | $0.4600 | 0.77% |
| 2022-02-10 | $0.4600 | 0.84% |
| 2021-11-04 | $0.4350 | 0.83% |
| 2021-08-05 | $0.4350 | 0.80% |
| 2021-05-06 | $0.4350 | 0.79% |
| 2021-02-04 | $0.4350 | 0.90% |
| 2020-11-05 | $0.4080 | 0.75% |
| 2020-08-06 | $0.4080 | 0.79% |
| 2020-05-14 | $0.4080 | 0.90% |
| 2020-02-06 | $0.4080 | 0.73% |
| 2019-10-31 | $0.3830 | 0.73% |
| 2019-08-01 | $0.3830 | 0.79% |
| 2019-05-02 | $0.3830 | 0.86% |
| 2019-01-31 | $0.3830 | 0.91% |
| 2018-11-01 | $0.3580 | 0.92% |
| 2018-08-02 | $0.3580 | 0.94% |
| 2018-05-03 | $0.3580 | 0.98% |
| 2018-02-15 | $0.3580 | 1.04% |
| 2017-11-02 | $0.3330 | 0.89% |
| 2017-08-02 | $0.3330 | 0.93% |
| 2017-05-03 | $0.3330 | 0.97% |
| 2017-02-01 | $0.3330 | 1.04% |
| 2016-11-02 | $0.3100 | 1.01% |
| 2016-08-03 | $0.3100 | 0.94% |
How CMS Makes Its Money
Cash Flow Breakdown
Quarterly Metrics
| Quarter | Revenue | Rev YoY | Gross Profit | Op. Income | Net Income | Net YoY | Gross % | Op % | Net % |
|---|
Full Key Statistics
Valuation
| Market Cap | 23.32B |
| Enterprise Value | 43.42B |
| Trailing P/E | 20.60 |
| Forward P/E | 17.88 |
| PEG Ratio (5yr) | 2.87 |
| Price/Sales (ttm) | 2.65 |
| Price/Book (mrq) | 2.49 |
| EV/Revenue | 4.93 |
| EV/EBITDA | 13.96 |
Share Statistics
| Avg Vol (3m) | 3.32M |
| Shares Outstanding | 313.58M |
| Float | 314.03M |
| % Held by Insiders | 0.55% |
| % Held by Institutions | 101.40% |
| Short Ratio | 0.00 |
| Short % of Float | 0.00% |
Profitability
| Gross Margin | 39.59% |
| Operating Margin (ttm) | 14.43% |
| Profit Margin | 11.64% |
| Return on Assets (ttm) | 2.95% |
| Return on Equity (ttm) | 9.16% |
Income Statement
| Revenue (ttm) | 8.81B |
| Revenue Growth (yoy) | -0.50% |
| Gross Profit (ttm) | 3.49B |
| EBITDA | 3.11B |
| Net Income (ttm) | 1.02B |
| Diluted EPS (ttm) | 3.61 |
| EPS Growth (yoy) | -43.90% |
Balance Sheet
| Total Cash (mrq) | 241.00M |
| Total Debt (mrq) | 19.30B |
| Debt / Equity (mrq) | 185.60 |
| Current Ratio (mrq) | 1.31 |
| Book Value / Share | 29.92 |
| Operating CF (ttm) | 2.15B |
| Free Cash Flow (ttm) | -2.01B |
Trading & Dividends
| Beta (5Y) | N/A |
| 50-Day MA | 74.09 |
| 200-Day MA | 74.08 |
| Fwd Dividend Yield | 307.00% |
| Payout Ratio | 60.79% |
Ownership Breakdown
Institutional 101.40%
Insider 0.55%
Short Interest
0.00% of float
Low
Institutional 13F Holdings
Famous investors who disclosed a position in CMS in their latest SEC 13F filing.
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