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Mkt Cap
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Low
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Amount
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EV/EBITDA(TTM)
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Total Shares
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2026Q1
FY2026Q2
2.01B
+0.98%
0.966
+11.04%
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 0.21%.
Revenue Estimates for FY2025
Revise Upward
+0.17%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
+0.05%
In Past 3 Month
Stock Price
Go Up
+0.21%
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: 71.700
Low
76.00
Averages
80.78
High
85.00
Current: 71.700
Low
76.00
Averages
80.78
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 19.57, compared to its 5-year average forward P/E of 20.14. 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
20.14
Current PE
19.57
Overvalued PE
22.74
Undervalued PE
17.53
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.
N/A
5Y Average EV/EBITDA
12.34
Current EV/EBITDA
0.00
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.
N/A
5Y Average PS
2.35
Current PS
0.00
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
(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.
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News
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/default_image/seekingalpha.png)
Preview
8.0
11-20SeekingAlphaDoE mandates prolonged operation of CMS Energy coal power facility
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/cover_image/3ad58c28649a025c60fc1aa9b2bb552a0d1fd66f5c92ca86cbf9ec29159553a1.jpg)
Preview
8.0
11-18NASDAQ.COMAre Options Traders Anticipating a Significant Shift in CMS Energy Stock?
![[object Object]](https://d5bp8bijhhba2.cloudfront.net/image/cover_image/86bf65a2c7b8a95f780237750f30e2dc847d752aea97e75e9f4b946b5c0c4e36.png)
Preview
8.0
11-14PRnewswireCMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
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