CMS
CMS Energy Corp
$
73.550
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
73.940
Open
72.570
VWAP
73.48
Vol
3.72M
Mkt Cap
22.38B
Low
72.160
Amount
273.03M
EV/EBITDA(TTM)
13.60
Total Shares
298.64M
EV
40.88B
EV/OCF(TTM)
18.93
P/S(TTM)
2.65
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
FY2026Q2
FY2026Q1
FY2025Q4
1.98B
+7.71%
0.795
+11.91%
2.52B
+3.17%
1.033
+1.29%
2.02B
+1.44%
0.979
+12.58%
Estimates Revision
The market is revising Upward the revenue expectations for CMS Energy Corporation (CMS) for FY2025, with the revenue forecasts being adjusted by 0.97% over the past three months. During the same period, the stock price has changed by -1.50%.
Revenue Estimates for FY2025
Revise Upward
+0.97%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
+0.09%
In Past 3 Month
Stock Price
Go Down
-1.50%
In Past 3 Month
10 Analyst Rating
7.68% 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 79.20 USD with a low forecast of 71.00 USD and a high forecast of 85.00 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.
7 Buy
3 Hold
0 Sell
Moderate Buy
7.68% Upside
Current: 73.550
Low
71.00
Averages
79.20
High
85.00
7.68% Upside
Current: 73.550
Low
71.00
Averages
79.20
High
85.00
Wells Fargo
Equal Weight
initiated
$77
2025-10-27
Reason
Wells Fargo
Price Target
$77
2025-10-27
initiated
Equal Weight
Reason
Wells Fargo initiated coverage of CMS Energy with an Equal Weight rating and $77 price target. The firm launched coverage of the powers and utilities group with 19 Overweights and 14 Equal Weights. Wells prefers names where with growth prospects "actually driving earnings higher" or stocks that are trading at valuation levels "not necessarily reflecting fundamentals." Wells added Constellation (CEG) to its "Best Idea List" for power and Sempra (SRE) to its "Best Idea List" for utilities. Utilities are "materially undervalued" as a "perfect storm of tailwinds" is hitting the group that is much more structural in nature than cyclical, contends the firm.
Morgan Stanley
Equal Weight
maintain
$71 -> $76
2025-10-22
Reason
Morgan Stanley
Price Target
$71 -> $76
2025-10-22
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on CMS Energy to $76 from $71 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In September, utilities outperformed the S&P, the firm notes. Heading into Q3, the firm expects a key focus for utilities to be on the evolution of data center pipelines and is watching for commentary around interconnection times.
Barclays
Nicholas Campanella
Overweight
maintain
$78 -> $82
2025-10-21
Reason
Barclays
Nicholas Campanella
Price Target
$78 -> $82
2025-10-21
maintain
Overweight
Reason
Barclays analyst Nicholas Campanella raised the firm's price target on CMS Energy to $82 from $78 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the power and utilities group. The firm sees reasons to remain bullish on the group due to earnings outlooks.
KeyBanc
Overweight
maintain
$76 -> $79
2025-10-15
Reason
KeyBanc
Price Target
$76 -> $79
2025-10-15
maintain
Overweight
Reason
KeyBanc raised the firm's price target on CMS Energy to $79 from $76 and keeps an Overweight rating on the shares. The firm views CMS as a high-quality utility that is among the better-managed vertically integrated utilities in its space, which is also benefiting from positive load growth trends in MI, and a constructive jurisdiction demonstrated by the recent authorization of its gas rate case, with a similar outcome expected in the pending electric case. Therefore, KeyBanc expects the company to trade at a premium to its peers.
Morgan Stanley
David Arcaro
Equal Weight
downgrade
$73 -> $71
2025-09-25
Reason
Morgan Stanley
David Arcaro
Price Target
$73 -> $71
2025-09-25
downgrade
Equal Weight
Reason
Morgan Stanley analyst David Arcaro lowered the firm's price target on CMS Energy to $71 from $73 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Regulated and Diversified Utilities / IPPs in North America under its coverage for August, the analyst tells investors.
Morgan Stanley
Equal Weight
maintain
$72 -> $73
2025-08-21
Reason
Morgan Stanley
Price Target
$72 -> $73
2025-08-21
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on CMS Energy to $73 from $72 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities outperformed the S&P in July, the analyst tells investors. Following a collaboration with its global team, the firm now sees long-term advantages of nuclear that it believes are underappreciated in current market narratives. Guidance for large scale renewables and residential solar was broadly positive, while IPP earnings offered mostly positive data points, the firm adds.
See All Ratings
Valuation Metrics
The current forward P/E ratio for CMS Energy Corp (CMS.N) is 19.66, compared to its 5-year average forward P/E of 20.18. 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
20.18
Current PE
19.66
Overvalued PE
22.83
Undervalued PE
17.54
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
12.32
Current EV/EBITDA
13.19
Overvalued EV/EBITDA
13.17
Undervalued EV/EBITDA
11.48
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.
N/A
5Y Average PS
2.58
Current PS
73.55
Overvalued PS
6.60
Undervalued PS
-1.45
Financials
Annual
Quarterly
FY2025Q3
YoY :
+15.95%
2.02B
Total Revenue
FY2025Q3
YoY :
+31.06%
481.00M
Operating Profit
FY2025Q3
YoY :
+10.21%
272.00M
Net Income after Tax
FY2025Q3
YoY :
+9.52%
0.92
EPS - Diluted
FY2025Q3
YoY :
+26.49%
-635.00M
Free Cash Flow
FY2025Q3
YoY :
-1.37%
49.68
Gross Profit Margin - %
FY2025Q3
YoY :
+304.90%
-18.18
FCF Margin - %
FY2025Q3
YoY :
-4.94%
13.46
Net Margin - %
FY2025Q3
YoY :
-5.86%
6.27
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
158.2K
USD
1
3-6
Months
147.3K
USD
1
6-9
Months
309.3K
USD
2
0-12
Months
2.7M
USD
4
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
0.0
Volume
0
6-9
Months
1.2M
Volume
2
0-12
Months
305.7K
Volume
4
Bought
0-3
0
0.0
Volume
Months
3-6
0
0.0
Volume
Months
6-9
3
576.9K
Volume
Months
0-12
1
29.8K
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
16.0K
USD
2
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
158.2K
USD
1
3-6
Months
147.3K
USD
1
6-9
Months
309.3K
USD
2
0-12
Months
2.7M
USD
4
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
2025-10-30 (ET)
2025-10-30
06:53:43
CMS Energy projects FY26 adjusted EPS between $3.80 and $3.87, with consensus at $3.85.
2025-10-30
06:52:56
CMS Energy updates FY25 adjusted EPS forecast to a range of $3.56-$3.60, revised from $3.54-$3.60.
2025-10-30
06:51:16
CMS Energy announces Q3 adjusted earnings per share of 93 cents, surpassing consensus estimate of 86 cents.
Sign Up For More Events
Sign Up For More Events
News
3.0
10-30NASDAQ.COMCMS Energy to Hold Q3 2025 Earnings Conference Call at 9:30 AM ET
7.5
10-29PRnewswireConsumers Energy Foundation Announces $500,000 for Community Projects in Northern Michigan
6.0
10-22BenzingaAnalyzing CMS Energy: Insights from 4 Analysts
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 73.55 USD — it has increased 0.46 % 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?