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CMS Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
74.700
Open
73.630
VWAP
74.12
Vol
2.20M
Mkt Cap
22.87B
Low
73.630
Amount
162.88M
EV/EBITDA(TTM)
13.91
Total Shares
308.92M
EV
42.46B
EV/OCF(TTM)
21.89
P/S(TTM)
2.53
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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Events Timeline

(ET)
2026-06-03
13:40:00
CMS Energy Appoints Sri Maddipati as New CFO
select
2026-04-28 (ET)
2026-04-28
06:50:00
CMS Energy Reports Q1 Revenue of $2.73B
select

News

seekingalpha
6.0
06-04seekingalpha
CMS Energy CFO Departure Weighs on Stock Confidence
  • CFO Departure Impact: CMS Energy announced the immediate retirement of CFO Rejji Hayes, succeeded by Senior VP Sri Maddipati, with this unexpected departure likely undermining investor confidence and putting pressure on the stock price.
  • Rating Downgrade: Jefferies downgraded CMS's rating from Buy to Hold, reducing the price target from $88 to $74, with analyst Julien Dumoulin-Smith highlighting the CFO's exit as a potential risk for EPS re-evaluation.
  • Market Confidence Low: Analysts note that investor confidence is at a multi-year low, primarily due to the absence of data center announcements, potential NorthStar asset sales, and upcoming Michigan elections.
  • Increased Competitive Pressure: CMS faces heightened market pressure compared to peer DTE in annual electric rate cases, which analysts believe will further impact its ability to regain relative valuation.
PRnewswire
5.0
06-03PRnewswire
CMS Energy Appoints New CFO and Electric Supply President
  • Executive Appointment: Sri Maddipati has been appointed as the Chief Financial Officer of CMS Energy and Consumers Energy effective June 3, 2026, overseeing critical functions such as Investor Relations and Financial Planning, leveraging nearly 20 years of finance and operational experience to ensure a smooth leadership transition.
  • Leadership in Electric Supply: Chris Fultz has been named Senior Vice President and President of Electric Supply on the same date, tasked with managing electric supply planning and market operations, and his extensive background in project management and natural gas operations is expected to enhance the execution of the company's long-term energy supply strategy.
  • CFO Retirement Acknowledgment: Rejji Hayes will retire on June 3, with gratitude expressed for his leadership and contributions, highlighting his meaningful impact on employees, communities, and investors, reflecting the company's commitment to leadership transitions.
  • Company Overview: CMS Energy is a Michigan-based energy provider with Consumers Energy as its primary business, also owning independent power generation operations, and it continues to focus on investor relations to enhance transparency and communication.
Newsfilter
5.0
06-03Newsfilter
CMS Energy Appoints New CFO and Electric Supply President
  • Executive Appointment: CMS Energy announced that Sri Maddipati will become Chief Financial Officer on June 3, 2026, overseeing investor relations and financial planning, leveraging nearly 20 years of finance experience to ensure a smooth leadership transition and drive the company's future growth.
  • Leadership in Electric Supply: Chris Fultz is appointed as President of Electric Supply on the same day, responsible for the strategic and operational management of the electric supply business unit, and his extensive experience in project management and natural gas operations will support the execution of the company's long-term energy supply blueprint.
  • Succession and Retirement: Current CFO Rejji Hayes will retire on the same day, with CMS Energy expressing gratitude for his contributions, highlighting his positive impact on employees, communities, and investors, reflecting the company's commitment to strong leadership.
  • Company Background: CMS Energy is a Michigan-based energy provider with Consumers Energy as its primary business, also owning independent power generation operations, and continuously focusing on investor relations to enhance transparency.
Yahoo Finance
8.5
05-26Yahoo Finance
Consumers Energy Expands Line Clearing Efforts
  • Expanded Line Clearing: Consumers Energy is set to clear over 9,000 miles of power lines this year, aiming to enhance grid safety and protect public safety in Michigan, which is expected to significantly reduce outages caused by trees and limbs.
  • Outage Causes: Trees and limbs account for nearly 40% of all service interruptions, making preventative maintenance and line clearing essential to mitigate safety risks associated with tree contact with power lines.
  • Tree Planting Grant Program: Since 2017, Consumers Energy has invested over $730,000 in tree planting grants, supporting nearly 5,500 trees planted under the “Right Tree, Right Place” initiative, aimed at minimizing future reliability issues and ecological concerns.
  • Long-Term Safety Commitment: By increasing monitoring frequency and proactive line clearing, Consumers Energy is committed to building a safer, more reliable future, ensuring customers can depend on their electric service while preserving community tree aesthetics.
Yahoo Finance
9.5
05-09Yahoo Finance
CMS Energy Corporation Reports Strong Q1 Performance, Reaffirms Growth Outlook
  • Strong Q1 Performance: CMS Energy Corporation reported an adjusted earnings per share of $1.13 for Q1 2026, up from $1.02 in the same quarter last year, demonstrating robust execution that positions the company for solid full-year growth.
  • Guidance Reaffirmation: The company reaffirmed its adjusted earnings guidance for 2026 to be between $3.83 and $3.90 per share, indicating management's confidence in future profitability, while also projecting long-term adjusted EPS growth of 6% to 8%, which enhances investor confidence.
  • Commitment to Shareholder Returns: The board approved a common dividend of $0.57 per share, to be paid on May 29 to shareholders of record as of May 8, reflecting the company's commitment to shareholder value and aiming to strengthen long-term investor loyalty.
  • Investment in Renewable Energy: As a Michigan-based energy holding company, CMS Energy focuses on investing in renewable energy and plans to pivot to coal-free generation by 2025, showcasing its strategic shift towards sustainability in response to market demand for green energy.
PRnewswire
8.0
05-08PRnewswire
CMS Energy Declares Dividend on Preferred Stock
  • Dividend Announcement: CMS Energy's Board of Directors has declared a dividend of $0.2625 per depositary share, payable on July 15, 2026, to shareholders of record as of July 1, 2026, demonstrating the company's commitment to shareholder returns.
  • Preferred Stock Details: This dividend pertains to the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C, reflecting the company's stability in its capital structure and attractiveness to investors.
  • Transparent Tax Information: CMS Energy provides information regarding the tax status of its dividend distributions, ensuring investors are well-informed about the tax implications of their investment returns, thereby enhancing trust between the company and its shareholders.
  • Business Context: As a Michigan-based energy provider, CMS Energy showcases its diversification and stability in the energy market through its primary business, Consumers Energy, and independent power generation operations.
Wall Street analysts forecast CMS stock price to rise
9 Analyst Rating
Wall Street analysts forecast CMS stock price to rise
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
71.00
Averages
79.11
High
85.00
Current: 0.000
sliders
Low
71.00
Averages
79.11
High
85.00
BMO Capital
James Thalacker
Outperform
to
Outperform
downgrade
$82 -> $81
AI Analysis
2026-06-04
Reason
BMO Capital
James Thalacker
Price Target
$82 -> $81
AI Analysis
2026-06-04
downgrade
Outperform
to
Outperform
Reason
BMO Capital analyst James Thalacker lowered the firm's price target on CMS Energy to $81 from $82 and keeps an Outperform rating on the shares. The firm adjusted its model as it cites the company subsidiary Consumers Energy having filed its electric rate case application yesterday, requesting a $456M revenue requirement increase predicated on a 10.25% ROE and 51.75% equity layer. BMO adds that its positive outlook reflects the company's above-average EPS and DPS growth rates, long-dated visible capital program, consistent execution, and supportive regulatory environment.
Jefferies
Julien Dumoulin-Smith
Buy
to
Hold
downgrade
$88 -> $74
2026-06-04
Reason
Jefferies
Julien Dumoulin-Smith
Price Target
$88 -> $74
2026-06-04
downgrade
Buy
to
Hold
Reason
Jefferies analyst Julien Dumoulin-Smith downgraded CMS Energy to Hold from Buy with a price target of $74, down from $88. The firm cites the company's CFO change for the downgrade as it lowered the stock's price-to-earnings premium as a result. CMS's valuation premium "now rides on two unresolved gates": its visible large load conversion toward one to two gigawatt, and NorthStar clarity that avoids an earnings base reset, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for CMS
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Valuation Metrics

The current forward P/E ratio for CMS Energy Corp (CMS.N) is 19.05, compared to its 5-year average forward P/E of 19.80. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
19.80
Current PE
19.05
Overvalued PE
22.28
Undervalued PE
17.31

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
12.27
Current EV/EBITDA
13.11
Overvalued EV/EBITDA
13.11
Undervalued EV/EBITDA
11.43

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.36
Current PS
2.44
Overvalued PS
2.63
Undervalued PS
2.08

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+25.50%
3M Return
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Partners Group Holding AG
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3M Return
L
Lord, Abbett & Co. LLC
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Cavanal Hill Investment Management, Inc.
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IA Global Asset Management Inc.
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ExodusPoint Capital Management, LP
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Frequently Asked Questions

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

The current price of CMS is 74.03 USD — it has increased 0.52

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?

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 is79.11 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.

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

CMS Energy Corp revenue for the last quarter amounts to 2.73B USD, increased 11.57

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 1.10 USD, increased 8.91

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

CMS Energy Corp (CMS) has 8350 emplpoyees as of June 17 2026.

What is CMS Energy Corp (CMS) market cap?

Today CMS has the market capitalization of 22.87B USD.