CMS Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

2.12B

+6.55%

0.942

+8.27%

2.52B

+3.17%

1.033

+1.29%

1.98B

+7.71%

0.795

+11.91%

Estimates Revision

The market is revising Upward the revenue expectations for CMS Energy Corporation (CMS) for FY2025, with the revenue forecasts being adjusted by 0.17% over the past three months. During the same period, the stock price has changed by -1.84%.

Revenue Estimates for FY2025

Revise Upward

+0.17%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.09%

In Past 3 Month

Stock Price

Go Down

-1.84%

In Past 3 Month

9 Analyst Rating

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 80.78 USD with a low forecast of 76.00 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

2 Hold

0 Sell

Strong Buy

Current: 70.260

Low

76.00

Averages

80.78

High

85.00

Current: 70.260

Low

76.00

Averages

80.78

High

85.00

JPMorgan

Jeremy Tonet

Overweight

downgrade

$85 -> $80

2025-12-11

New

Reason

JPMorgan

Jeremy Tonet

Price Target

$85 -> $80

2025-12-11

New

downgrade

Overweight

Reason

JPMorgan analyst Jeremy Tonet lowered the firm's price target on CMS Energy to $80 from $85 and keeps an Overweight rating on the shares. The firm updated models in the North American utilities group.

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.

Valuation Metrics

The current forward P/E ratio for CMS Energy Corp (CMS.N) is 19.17, compared to its 5-year average forward P/E of 20.13. 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.

5Y Average PE

20.13

Current PE

19.17

Overvalued PE

22.73

Undervalued PE

17.52

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.

5Y Average EV/EBITDA

12.34

Current EV/EBITDA

13.19

Overvalued EV/EBITDA

13.19

Undervalued EV/EBITDA

11.49

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.

5Y Average PS

2.35

Current PS

2.48

Overvalued PS

2.62

Undervalued PS

2.08

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds areBuying! The buying amount has increased 1835.12% over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

CMS News & Events

Events Timeline

No data

News

4.5

12-05NASDAQ.COM

Significant Inflows Observed in ETF for SPLV, EVRG, WEC, CMS

8.0

11-19SeekingAlpha

DoE mandates prolonged operation of CMS Energy coal power facility

8.0

11-18NASDAQ.COM

Are Options Traders Anticipating a Significant Shift in CMS Energy Stock?

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Frequently Asked Questions

What is CMS Energy Corp (CMS) stock price today?

The current price of CMS is 70.26 USD — it has increased 0.6 % in the last trading day.

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

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).

What is the price predicton of CMS Stock?

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

CMS Energy Corp revenue for the last quarter amounts to 2.02B USD, increased 15.95 % YoY.

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

CMS Energy Corp. EPS for the last quarter amounts to 0.92 USD, increased 9.52 % YoY.

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?

CMS Energy Corp (CMS) has 8324 emplpoyees as of December 15 2025.

What is CMS Energy Corp (CMS) market cap?

Today CMS has the market capitalization of 21.25B USD.