CMS

CMS Energy Corporation NYSE

Utilities ·Regulated Electric ·US · cmsenergy.com

$75.69

Pre-mkt $75.61 -0.11%

Mkt Cap $23.4B

52w Low $67.71 63.1% of range 52w High $80.36

50d MA $77.08 200d MA $73.55

P/E (TTM) 21.5x

EV/EBITDA 12.3x

P/B 2.4x

Debt/Equity 2.1x

ROE 11.7%

P/FCF -13.2x

RSI (14) —

ATR (14) —

Beta 0.42

50d MA $77.08

200d MA $73.55

Avg Volume 3.1M

About

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its …

Recent Earnings

Date	Time	Est	Rptd	Surp	Base	Gap%	D1%	D2%	D3%	D4%	D5%	1M%	Guide ▲★
Apr 28, 2026	TNS	1.11	1.13	+1.8%	75.92	-0.7%	-1.6%	+1.1%	+0.1%	—	—	—	—
Feb 5, 2026	TNS	0.93	0.95	+1.8%	72.86	+0.9%	-0.0%	-0.1%	+1.2%	+2.3%	+2.6%	+6.0%	—
Oct 30, 2025	TNS	0.86	0.93	+8.1%	73.21	-0.9%	+0.5%	-1.0%	-0.4%	-0.9%	-1.2%	-0.1%	—
Jul 31, 2025	TNS	0.68	0.71	+4.4%	73.80	+0.5%	+0.4%	+1.2%	+0.5%	+0.4%	+1.0%	-3.6%	—
Apr 24, 2025	TNS	1.01	1.02	+1.0%	74.14	+0.6%	-2.6%	-2.2%	-0.7%	-0.7%	-1.6%	-5.8%	—
Feb 6, 2025	TNS	0.87	0.87	+0.0%	68.33	-0.5%	+0.5%	+1.2%	+1.6%	+1.8%	+2.2%	+8.3%	—
Oct 31, 2024	TNS	0.78	0.84	+7.7%	69.61	+0.3%	-1.9%	-1.8%	-0.7%	-2.5%	-4.7%	-1.7%	—
Jul 25, 2024	TNS	0.63	0.66	+4.8%	63.21	+0.4%	-0.4%	+0.7%	+3.0%	+2.5%	+5.0%	+7.1%	—
Apr 25, 2024	TNS	0.94	0.97	+3.2%	60.48	+0.3%	-1.9%	-0.5%	+0.2%	+0.6%	+1.3%	+1.3%	—
Feb 1, 2024	TNS	1.05	1.05	+0.0%	58.84	-0.2%	-1.8%	-3.8%	-4.0%	-4.1%	-4.4%	+0.2%	—
Oct 26, 2023	TNS	0.61	0.61	+0.0%	55.18	-0.3%	-1.6%	-2.0%	-1.5%	-0.8%	+0.6%	+3.9%	—
Jul 27, 2023	TNS	0.70	0.75	+7.1%	61.60	+1.0%	-0.9%	-0.9%	-1.9%	-2.1%	-5.3%	-7.8%	—

Recent Analyst Ratings

Date	Firm	Action	Grade	Target	Base	Open	Gap%	D1%	D2%	D3%	D4%	D5%
Apr 29	Barclays	Maintains	Overweight → Overweight	—	$75.92	$75.38	-0.7%	-1.6%	+1.1%	+0.1%	—	—
Apr 21	BofA Securities	Maintains	Buy → Buy	—	$77.04	$77.30	+0.3%	-1.9%	-2.7%	-0.5%	-1.0%	-1.3%
Apr 21	Truist	Initiates	Buy	$86	$77.04	$77.30	+0.3%	-1.9%	-2.7%	-0.5%	-1.0%	-1.3%
Apr 17	BMO Capital	Maintains	Outperform → Outperform	—	$78.11	$77.52	-0.8%	-0.5%	-1.4%	-3.2%	-4.0%	-1.9%
Apr 13	BMO Capital	Maintains	Outperform → Outperform	—	$79.38	$79.32	-0.1%	-1.2%	-0.7%	-2.4%	-1.6%	-2.1%
Apr 8	Barclays	Maintains	Overweight → Overweight	—	$78.59	$78.05	-0.7%	+0.3%	+1.7%	+1.0%	-0.2%	+0.3%
Mar 2	KeyBanc Capital Markets	Maintains	Overweight → Overweight	—	$78.07	$78.04	-0.0%	+0.0%	-0.3%	+0.1%	-1.1%	-1.2%
Feb 23	Barclays	Maintains	Overweight → Overweight	—	$75.86	$76.22	+0.5%	+0.6%	+1.2%	+1.0%	+1.6%	+2.9%
Feb 9	BMO Capital	Maintains	Outperform → Outperform	—	$72.84	$72.44	-0.5%	-0.0%	+1.2%	+2.3%	+2.6%	+5.4%
Feb 6	Mizuho	Maintains	Neutral → Neutral	—	$72.86	$73.52	+0.9%	-0.0%	-0.1%	+1.2%	+2.3%	+2.6%
Feb 2	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$71.49	$71.98	+0.7%	-1.3%	+0.4%	+0.2%	+1.9%	+1.9%
Jan 28	Jefferies	Maintains	Buy → Buy	—	$72.04	$72.02	-0.0%	-0.3%	-1.6%	-0.8%	-2.1%	-0.3%
Jan 20	Wells Fargo	Maintains	Equal Weight → Equal Weight	—	$71.68	$71.38	-0.4%	-0.5%	+0.0%	-1.0%	-1.4%	-0.2%
Jan 15	JP Morgan	Maintains	Overweight → Overweight	—	$70.92	$71.10	+0.3%	+0.5%	+1.1%	+0.6%	+1.1%	+0.1%
Jan 15	Barclays	Maintains	Overweight → Overweight	—	$70.92	$71.10	+0.3%	+0.5%	+1.1%	+0.6%	+1.1%	+0.1%
Jan 15	Jefferies	Maintains	Buy → Buy	—	$70.92	$71.10	+0.3%	+0.5%	+1.1%	+0.6%	+1.1%	+0.1%
Dec 17	UBS	Maintains	Neutral → Neutral	—	$69.91	$69.89	-0.0%	+0.5%	+1.0%	-1.1%	-0.2%	+0.2%
Dec 11	JP Morgan	Maintains	Overweight → Overweight	—	$70.01	$69.96	-0.1%	-0.4%	-0.2%	+1.1%	-0.1%	+0.4%
Oct 22	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$74.54	$74.81	+0.4%	+0.8%	+0.0%	+0.3%	+0.1%	-1.5%
Oct 21	Barclays	Maintains	Overweight → Overweight	—	$75.09	$75.37	+0.4%	-0.7%	+0.1%	-0.7%	-0.5%	-0.7%
Oct 15	KeyBanc Capital Markets	Maintains	Overweight → Overweight	—	$74.35	$74.28	-0.1%	+1.3%	+0.5%	+0.6%	+1.0%	+0.3%
Sep 30	Jefferies	Maintains	Buy → Buy	—	$72.77	$73.00	+0.3%	+0.7%	-0.5%	-1.3%	-0.6%	+0.6%
Sep 25	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$71.66	$71.94	+0.4%	-0.9%	+0.3%	+1.5%	+2.2%	+1.0%
Jul 22	Barclays	Maintains	Overweight → Overweight	—	$72.25	$72.53	+0.4%	+1.8%	+0.9%	+0.9%	+0.7%	-1.3%
Jul 7	Wolfe Research	Downgrade	Outperform → Peer Perform	—	$70.47	$69.97	-0.7%	-1.2%	-1.6%	-1.0%	+0.1%	-0.2%
May 22	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$70.76	$70.52	-0.3%	-2.0%	-1.6%	-1.3%	-2.8%	-1.7%
Apr 29	BMO Capital	Maintains	Outperform → Outperform	—	$72.51	$72.35	-0.2%	+1.5%	+1.6%	+0.6%	+0.6%	+0.7%
Apr 28	Evercore ISI	Maintains	In Line → In Line	—	$72.18	$72.24	+0.1%	+0.5%	+2.0%	+2.0%	+1.1%	+1.0%
Apr 25	Scotiabank	Maintains	Sector Outperform → Sector Outperform	—	$74.14	$74.61	+0.6%	-2.6%	-2.2%	-0.7%	-0.7%	-1.6%
Apr 25	Wells Fargo	Maintains	Overweight → Overweight	—	$74.14	$74.61	+0.6%	-2.6%	-2.2%	-0.7%	-0.7%	-1.6%
Apr 23	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$73.70	$73.72	+0.0%	-0.3%	+0.6%	-2.1%	-1.6%	-0.1%
Apr 21	Jefferies	Maintains	Buy → Buy	—	$72.91	$72.74	-0.2%	-1.1%	+1.1%	+0.8%	+1.7%	-1.0%
Apr 14	BMO Capital	Maintains	Outperform → Outperform	—	$71.82	$72.00	+0.3%	+2.4%	+1.2%	+0.5%	+1.5%	+0.4%
Mar 24	BMO Capital	Maintains	Outperform → Outperform	—	$73.50	$73.45	-0.1%	-0.5%	-2.0%	-0.3%	-0.5%	+0.9%
Mar 24	BofA Securities	Maintains	Buy → Buy	—	$73.50	$73.45	-0.1%	-0.5%	-2.0%	-0.3%	-0.5%	+0.9%
Mar 21	UBS	Maintains	Neutral → Neutral	—	$73.69	$73.85	+0.2%	-0.3%	-0.7%	-2.2%	-0.5%	-0.7%
Mar 20	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$73.71	$73.86	+0.2%	-0.0%	-0.3%	-0.8%	-2.3%	-0.5%
Feb 20	Barclays	Upgrade	Equal Weight → Overweight	—	$70.15	$70.50	+0.5%	+0.8%	+1.9%	+2.8%	+4.2%	+4.3%
Feb 7	Guggenheim	Maintains	Neutral → Neutral	—	$68.33	$68.01	-0.5%	+0.5%	+1.2%	+1.6%	+1.8%	+2.2%
Jan 23	Guggenheim	Downgrade	Buy → Neutral	—	$66.60	$66.53	-0.1%	-1.1%	-1.2%	+0.8%	-1.5%	-1.2%
Dec 12	Scotiabank	Maintains	Sector Outperform → Sector Outperform	—	$66.82	$67.20	+0.6%	+0.3%	+0.7%	-0.2%	+0.3%	-1.5%
Nov 22	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$69.21	$69.36	+0.2%	+0.4%	+0.7%	+1.8%	+1.8%	+0.7%
Nov 1	BMO Capital	Maintains	Outperform → Outperform	—	$69.61	$69.81	+0.3%	-1.9%	-1.8%	-0.7%	-2.5%	-4.7%
Oct 16	Wells Fargo	Maintains	Overweight → Overweight	—	$70.30	$70.35	+0.1%	+1.2%	+1.0%	+1.4%	+1.2%	+1.0%
Oct 15	Barclays	Maintains	Equal Weight → Equal Weight	—	$69.87	$70.49	+0.9%	+0.6%	+1.9%	+1.6%	+2.0%	+1.9%
Oct 15	Mizuho	Downgrade	Outperform → Neutral	—	$69.87	$70.49	+0.9%	+0.6%	+1.9%	+1.6%	+2.0%	+1.9%
Oct 1	Mizuho	Maintains	Outperform → Outperform	—	$70.63	$70.59	-0.1%	+0.6%	+0.9%	+0.7%	+0.8%	-1.2%
Sep 30	KeyBanc Capital Markets	Maintains	Overweight → Overweight	—	$70.43	$70.81	+0.5%	+0.3%	+0.9%	+1.2%	+1.0%	+1.1%
Sep 30	BMO Capital	Maintains	Outperform → Outperform	—	$70.43	$70.81	+0.5%	+0.3%	+0.9%	+1.2%	+1.0%	+1.1%
Sep 25	Morgan Stanley	Maintains	Equal Weight → Equal Weight	—	$70.08	$70.40	+0.5%	-0.4%	-0.2%	+0.5%	+0.8%	+1.4%

Recent Filings

8-K

CMS Energy Corporation -- 8-K Filing

CMS Energy adjusted its earnings metrics to exclude one-time items including voluntary separation costs and mark-to-market adjustments, signaling management's focus on underlying operational performance.

Apr 28

8-K

CMS Energy Corporation -- 8-K Filing

CMS Energy appointed executives with strong operational backgrounds: Leopold, former Dominion COO, and Keyes, Meijer's CEO, to enhance leadership capabilities.

Feb 20

8-K

CMS Energy Corporation -- 8-K Filing

CMS Energy entered into a forward sale agreement with multiple investment banks as agents, enabling the company to raise capital through a structured equity offering mechanism.

Feb 11

8-K

CMS Energy Corporation -- 8-K Filing

CMS Energy is adjusting its reported earnings to exclude voluntary separation costs, tax policy changes, and NorthStar Clean Energy's mark-to-market adjustments to present a cleaner view of operating performance.

Feb 5

Data updated apr 25, 2026 2:04am · Source: massive.com