
CMS
CMS Energy Corp
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
73.270
Open
72.830
VWAP
72.67
Vol
2.04M
Mkt Cap
21.77B
Low
72.120
Amount
147.95M
EV/EBITDA(TTM)
13.82
Total Shares
298.64M
EV
39.08B
EV/OCF(TTM)
16.19
P/S(TTM)
2.79
CMS Energy Corporation is an energy company operating primarily in Michigan. It manages its businesses by the nature of services each provides and operates principally in three business segments: Electric Utility, Gas Utility and NorthStar Clean Energy. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan. The Gas Utility segment consists of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan. The NorthStar Clean Energy segment consists of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production. Its gas transmission, storage, and distribution system consists of 2,342 miles of transmission lines with 15 gas storage fields with a total storage capacity of 309 billion cubic feet (Bcf).
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
2.08B
+4.55%
1.027
+18.03%
1.85B
+6.2%
0.883
+5.09%
1.68B
+4.62%
0.664
+0.61%
Estimates Revision
The market is revising Downward the revenue expectations for CMS Energy Corporation (CMS) for FY2025, with the revenue forecasts being adjusted by -0.01% over the past three months. During the same period, the stock price has changed by 0.37%.
Revenue Estimates for FY2025
Revise Downward

-0.01%
In Past 3 Month
EPS Estimates for FY2025
Revise Downward

-0.12%
In Past 3 Month
Stock Price
Go Up

+0.37%
In Past 3 Month
11 Analyst Rating

7.31% Upside
Wall Street analysts forecast CMS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMS is 78.10 USD with a low forecast of 71.00 USD and a high forecast of 83.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
3 Hold
0 Sell
Moderate Buy

7.31% Upside
Current: 72.780

Low
71.00
Averages
78.10
High
83.00

7.31% Upside
Current: 72.780

Low
71.00
Averages
78.10
High
83.00
Barclays
Nicholas Campanella
Overweight
maintain
$77 -> $78
2025-07-22
New
Reason
Barclays
Nicholas Campanella
Price Target
$77 -> $78
2025-07-22
New
maintain
Overweight
Reason
Barclays analyst Nicholas Campanella raised the firm's price target on CMS Energy to $78 from $77 and keeps an Overweight rating on the shares as part of a Q2 preview for the power and utilities group. The firm reiterates a positive outlook on the sector, noting the shares are now back to a 20% discount on price-to-earnings.
Wolfe Research
Outperform -> Peer Perform
downgrade
$NULL
2025-07-07
Reason
Wolfe Research
Price Target
$NULL
2025-07-07
downgrade
Outperform -> Peer Perform
Reason
Wolfe Research downgraded CMS Energy to Peer Perform from Outperform without a price target. The firm views the shares as fairly valued and sees better opportunities within the regulated space. Wolfe continues to view CMS as "high quality and relatively low risk."
Morgan Stanley
David Arcaro
Equal Weight
downgrade
$74 -> $71
2025-05-22
Reason
Morgan Stanley
David Arcaro
Price Target
$74 -> $71
2025-05-22
downgrade
Equal Weight
Reason
Morgan Stanley analyst David Arcaro lowered the firm's price target on CMS Energy to $71 from $74 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPP North America sector under its coverage, the analyst tells investors. Utilities continue to see strong interest from both data centers and large load customers, the firm notes. Additionally, management teams believe any changes to the IRA are manageable, with many companies with safe harboring in place, the firm adds.
Wells Fargo
Neil Kalton
Overweight
maintain
$78 -> $82
2025-04-25
Reason
Wells Fargo
Neil Kalton
Price Target
$78 -> $82
2025-04-25
maintain
Overweight
Reason
Wells Fargo analyst Neil Kalton raised the firm's price target on CMS Energy to $82 from $78 and keeps an Overweight rating on the shares. The firm notes that it was no surprise that management exuded confidence in CMS's ability to deliver in the face of uncertainty. The company has the track record to back it up, Wells adds. Management continues to target the high end of 2025 EPS guidance and the 6%-8% long-term CAGR.
Scotiabank
Outperform
maintain
$77 -> $81
2025-04-25
Reason
Scotiabank
Price Target
$77 -> $81
2025-04-25
maintain
Outperform
Reason
Scotiabank raised the firm's price target on CMS Energy to $81 from $77 and keeps an Outperform rating on the shares. CMS Energy remains among its top picks, as the firm is drawn to its above-average EPS growth with below-average risks, the analyst tells investors. The firm is reassured the company expects limited impact from tariffs.
Jefferies
Julien Dumoulin-Smith
Strong Buy
Maintains
$77 → $83
2025-04-21
Reason
Jefferies
Julien Dumoulin-Smith
Price Target
$77 → $83
2025-04-21
Maintains
Strong Buy
Reason
See All Ratings
Valuation Metrics
The current forward P/E ratio for CMS Energy Corp (CMS.N) is 19.87, compared to its 5-year average forward P/E of 20.34. For a more detailed relative valuation and DCF analysis to assess CMS Energy Corp 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair
5Y Average PE
20.34
Current PE
19.87
Overvalued PE
23.02
Undervalued PE
17.66
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued
5Y Average EV/EBITDA
12.29
Current EV/EBITDA
13.35
Overvalued EV/EBITDA
13.12
Undervalued EV/EBITDA
11.47
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued
5Y Average PS
2.35
Current PS
2.69
Overvalued PS
2.62
Undervalued PS
2.08
Financials
Annual
Quarterly
FY2025Q1
YoY :
+12.45%
2.45B
Total Revenue
FY2025Q1
YoY :
+19.90%
494.00M
Operating Profit
FY2025Q1
YoY :
+12.46%
291.60M
Net Income after Tax
FY2025Q1
YoY :
+5.21%
1.01
EPS - Diluted
FY2025Q1
YoY :
-67.35%
112.00M
Free Cash Flow
FY2025Q1
YoY :
-2.63%
43.36
Gross Profit Margin - %
FY2025Q1
YoY :
+207.63%
-11.29
FCF Margin - %
FY2025Q1
YoY :
0.00%
11.92
Net Margin - %
FY2025Q1
YoY :
-1.70%
6.37
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
161.8K
USD
1
3-6
Months
789.5K
USD
3
6-9
Months
2.2M
USD
4
0-12
Months
137.7K
USD
1
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds areBuying! The buying amount has increased 1835.12% over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
1.2M
Volume
2
6-9
Months
305.7K
Volume
4
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
3
576.9K
Volume
Months
6-9
1
29.8K
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
161.8K
USD
1
3-6
Months
789.5K
USD
3
6-9
Months
2.2M
USD
4
0-12
Months
137.7K
USD
1
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
CMS News & Events
Events Timeline
2025-04-24 (ET)
2025-04-24
06:38:10
CMS Energy backs FY25 adjusted EPS view $3.54-$3.60, consensus $3.59

2025-04-24
06:37:18
CMS Energy reports Q1 adjusted EPS $1.02, consensus $1.02

2024-10-31 (ET)
2024-10-31
06:59:01
CMS Energy sees FY25 adjusted EPS $3.52-$3.58, consensus $3.59

Sign Up For More Events
Sign Up For More Events
News
8.0
07-25NASDAQ.COMCMS Energy Corp (CMS) Shares Cross 3% Yield Mark
8.0
07-22NASDAQ.COMDaily Dividend Report: NSC,PEG,MBWM,CMS,NRG
8.0
07-21PRnewswireCMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock
Sign Up For More News
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FAQ

What is CMS Energy Corp (CMS) stock price today?
The current price of CMS is 72.78 USD — it has decreased -0.15 % in the last trading day.

What is CMS Energy Corp (CMS)'s business?

What is the price predicton of CMS Stock?

What is CMS Energy Corp (CMS)'s revenue for the last quarter?

What is CMS Energy Corp (CMS)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for CMS Energy Corp (CMS)'s fundamentals?

How many employees does CMS Energy Corp (CMS). have?
