CMS Energy Corporation (CMS)
| Market Cap | 19.76B -6.3% |
| Revenue (ttm) | 8.81B +9.9% |
| Net Income | 1.02B +0.3% |
| EPS | 3.33 -1.9% |
| Shares Out | 313.58M |
| PE Ratio | 18.99 |
| Forward PE | 15.10 |
| Dividend | $2.28 (3.62%) |
| Ex-Dividend Date | Aug 7, 2026 |
| Volume | 3,297,386 |
| Open | 63.33 |
| Previous Close | 63.15 |
| Day's Range | 62.85 - 63.50 |
| 52-Week Range | 62.86 - 80.36 |
| Beta | 0.33 |
| Analysts | Buy |
| Price Target | 78.67 (+24.85%) |
| Est. Earnings | Oct 29, 2026 |
About CMS
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 ... [Read more]
Financial Performance
In 2025, CMS Energy's revenue was $8.54 billion, an increase of 13.63% compared to the previous year's $7.52 billion. Earnings were $1.06 billion, an increase of 6.85%.
Financial StatementsAnalyst Summary
According to 15 analysts, the average rating for CMS stock is "Buy." The 12-month stock price target is $78.67, which is an increase of 24.85% from the latest price.
News
CMS Energy price target lowered to $77 from $79 at Morgan Stanley
Morgan Stanley analyst David Arcaro lowered the firm’s price target on CMS Energy (CMS) to $77 from $79 and keeps an Equal Weight rating on the shares. The firm updated…
Jefferies analysts hold an analyst/industry conference call
Analysts hold a Bull/Bear Debate on CMS Energy (CMS) on an Analyst/Industry conference call to be held on September 15 at 1:30 pm. Webcast Link
CMS Energy price target lowered to $74 from $78 at Jefferies
Jefferies lowered the firm’s price target on CMS Energy (CMS) to $74 from $78 and keeps a Hold rating on the shares. CMS trades at a roughly 5% peer discount…
CMS Energy price target lowered to $77 from $82 at BMO Capital
BMO Capital analyst James Thalacker lowered the firm’s price target on CMS Energy (CMS) to $77 from $82 and keeps an Outperform rating on the shares. CMS Energy’s 20-year investment…
CMS Energy Slides: Investor presentation
CMS Energy has posted slides in relation to its latest quarterly earnings report, which was published on September 3, 2026.
CMS Energy price target lowered to $79 from $80 at Morgan Stanley
Morgan Stanley lowered the firm’s price target on CMS Energy (CMS) to $79 from $80 and keeps an Equal Weight rating on the shares.
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CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
JACKSON, Mich., Aug. 6, 2026 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
JACKSON, Mich., Aug. 6, 2026 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility's preferred stock.
CMS and MaxLinear Expand OpenZFS Storage for AI, Cloud, and Hyperscale Infrastructure
CARLSBAD, Calif.--(BUSINESS WIRE)-- #AI--CMS adopts MaxLinear's Panther platform to accelerate OpenZFS storage for AI, cloud, hyperscale, and enterprise infrastructure.
CMS Energy price target lowered to $81 from $85 at Truist
Truist analyst Richard Sunderland lowered the firm’s price target on CMS Energy (CMS) to $81 from $85 and keeps a Buy rating on the shares. Q2 earnings results across the…
CMS Energy price target raised to $84 from $83 at UBS
UBS raised the firm’s price target on CMS Energy (CMS) to $84 from $83 and keeps a Neutral rating on the shares.
CMS Energy price target lowered to $77 from $78 at Mizuho
Mizuho analyst Anthony Crowdell lowered the firm’s price target on CMS Energy (CMS) to $77 from $78 and keeps a Neutral rating on the shares.
CMS Energy Earnings Call Transcript: Q2 2026
Announced exit from non-utility renewables to focus on utility growth, reaffirming 6%-8% EPS growth and introducing 2027 guidance of $4.08-$4.17. Strong utility investment, constructive regulation, and capital reallocation support long-term value.
CMS Energy Earnings release: Q2 2026
CMS Energy released its Q2 2026 earnings on July 28, 2026, summarizing the period's financial results.
CMS Energy Slides: Q2 2026
CMS Energy has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on July 28, 2026.
CMS Energy Quarterly report: Q2 2026
CMS Energy has published its Q2 2026 quarterly earnings report on July 28, 2026.
CMS Energy forecasts 2027 profit below estimates, exits non-utility renewables business
CMS Energy forecast 2027 adjusted earnings below Wall Street estimates on Tuesday and said it would exit non-utility renewables development, as the utility focuses on its regulated business while in...
CMS Energy backs FY26 adjusted EPS view $3.83-$3.90, consensus $3.87
The company said, “CMS Energy (CMS) reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share and long-term adjusted EPS growth of 6 to 8 percent, with continued…
CMS Energy sees FY27 adjusted EPS $4.08-$4.17, consensus $4.17
The company said, “CMS Energy (CMS) is introducing 2027 earnings guidance of $4.08 to $4.17.”
CMS Energy reports Q2 adjusted EPS 37c, consensus 36c
Reports Q2 revenue $1.83B, consensus $1.71B. The company said, “CMS Energy (CMS) also announced the completion of a strategic review at NorthStar Clean Energy, and with Board approval, the company…
CMS Energy Announces Second Quarter Results, Strategic Decision on NorthStar Clean Energy Services, Introduces Guidance for 2027
JACKSON, Mich., July 28, 2026 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.37 for the second quarter of 2026, compared to $0.66 per share for 2025.
CMS Energy downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc downgraded CMS Energy (CMS) to Sector Weight from Overweight without a price target The firm cites Michigan’s poor showing in its risk map and the company’s elections overhang for…
CMS Energy price target raised to $80 from $77 at Morgan Stanley
Morgan Stanley raised the firm’s price target on CMS Energy (CMS) to $80 from $77 and keeps an Equal Weight rating on the shares. The firm updated its price targets…