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CMS Energy Corporation (CMS)

70.52 +1.00 (+1.44%)
As of 12:43:28 PM EDT. Market Open.
Trade CMS on Coinbase
Dividend
CMS announced a cash dividend of $0.57 with an ex-date of Nov. 6, 2026
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3m ago
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CMS Energy’s third-quarter results showed stronger adjusted earnings and revenue, but restructuring charges sharply reduced reported profit. Management maintained its 2026 and 2027 outlook while advancing NorthStar asset sales, large-load projects, regulatory filings, and a multibillion-dollar clean-energy investment plan.

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  • Previous Close 69.52
  • Open 70.28
  • Bid 70.47 x 30000
  • Ask 70.48 x 10000
  • Day's Range 69.91 - 70.54
  • 52 Week Range 62.29 - 80.36
  • Volume 1,869,965
  • Avg. Volume 3,853,307
  • Market Cap (intraday) 22.117B
  • Beta (5Y Monthly) 0.31
  • PE Ratio (TTM) 25.19
  • EPS (TTM) 2.80
  • Earnings Date Oct 27, 2026
  • Forward Dividend & Yield 2.28 (3.28%)
  • 1y Target Est 73.85
  • Morningstar Rating Rating available with Stock Picks access

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

www.cmsenergy.com

8,350

Full Time Employees

December 31

Fiscal Year Ends

Utilities

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CMS
3.21%
S&P 500 (^GSPC)
10.79%

1-Year Return

CMS
0.67%
S&P 500 (^GSPC)
11.16%

3-Year Return

CMS
43.39%
S&P 500 (^GSPC)
82.01%

5-Year Return

CMS
36.47%
S&P 500 (^GSPC)
64.68%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 2.18B
Earnings 121M
Profit Margin 5.54%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
500M
1B
2B
2B
3B
6.0%
8.0%
10.0%
12.0%

Analyst Insights

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Analyst Price Targets

68.00 Low
73.85 Average
70.52 Current
78.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/28/2026
Analyst Wells Fargo
Rating Action Maintains
Rating Equal-Weight
Price Action Lowers
Price Target 79 -> 73

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    9.72%

  • Return on Assets (ttm)

    3.07%

  • Return on Equity (ttm)

    5.31%

  • Revenue (ttm)

    8.97B

  • Net Income Avi to Common (ttm)

    862M

  • Diluted EPS (ttm)

    2.80

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    451M

  • Total Debt/Equity (mrq)

    196.28%

  • Levered Free Cash Flow (ttm)

    -2.07B

Company Insights

Research Reports

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