
CMS Energy Corporation (CMS)
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Learn more- Previous Close
70.02 - Open
70.22 - Bid --
- Ask --
- Day's Range
70.09 - 70.74 - 52 Week Range
68.64 - 80.36 - Volume
2,858,820 - Avg. Volume
3,577,679 - Market Cap (intraday)
21.782B - Beta (5Y Monthly) 0.34
- PE Ratio (TTM)
21.05 - EPS (TTM)
3.35 - Earnings Date Oct 29, 2026
- Forward Dividend & Yield 2.28 (3.26%)
- Ex-Dividend Date Aug 7, 2026
- 1y Target Est
80.31
Recent News
View MorePerformance Overview
Trailing total returns as of 8/13/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Earnings Trends
View MoreAnalyst Insights
View MoreStatistics
View MoreValuation Measures
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Market Cap
21.66B
-
Enterprise Value
40.94B
-
Trailing P/E
20.77
-
Forward P/E
17.86
-
PEG Ratio (5yr expected)
2.67
-
Price/Sales (ttm)
2.40
-
Price/Book (mrq)
2.27
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Enterprise Value/Revenue
4.65
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Enterprise Value/EBITDA
12.40
Financial Highlights
Profitability and Income Statement
-
Profit Margin
11.64%
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Return on Assets (ttm)
2.97%
-
Return on Equity (ttm)
9.16%
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Revenue (ttm)
8.81B
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Net Income Avi to Common (ttm)
1.02B
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Diluted EPS (ttm)
3.35
Balance Sheet and Cash Flow
-
Total Cash (mrq)
241M
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Total Debt/Equity (mrq)
185.60%
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Levered Free Cash Flow (ttm)
-2.2B
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Company Insights
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Research Reports
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CMS Energy Earnings: Northstar Strategic Pivot Increases Focus on Utility Growth
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy plans to retain its contracted Michigan-based fossil-fuel and renewable energy power generation assets following its strategic review in 2026. CMS sold EnerBank in October 2021.
RatingPrice Target -
CMS Energy Earnings: Northstar Strategic Pivot Increases Focus on Utility Growth
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy plans to retain its contracted Michigan-based fossil-fuel and renewable energy power generation assets following its strategic review in 2026. CMS sold EnerBank in October 2021.
RatingPrice Target -
Solid earnings growth forecast for 2026 and 2027
CMS is an energy company based in Michigan, primarily focused on electric and gas operations within the state. The company has electricity generation, transmission, and distribution operations. Natural gas operations include transmission, distribution, compression, and underground storage operations. Its principal business is Consumers Energy Company, a state and federally regulated utility that provides electricity and natural gas to 1.8 million customers in Michigan. Consumers has about 8.6 GW of generating capacity with about 90 MW of biomass generation. NorthStar Clean Energy is a vertically integrated, unregulated company that provides energy marketing for non-utility operations and owns and operates independent power generating plants, and natural gas infrastructure. NorthStar has about 1.6 GW of generating capacity and a presence in AK, OH, MI, NC, TX, and WI. CMS's fuel mix is about 35% coal, 57% natural gas, 8% renewable, and 2% hydropower and the company hopes to have 40% of its generation from renewable sources by 2030. Total revenues in 2025 were $8.5 billion, of which $8.1 billion were from Consumers Energy. By energy segment, 66% of total revenues were from electric utility operations, 29% were gas utility operations, and the remainder was from NorthStar. The market cap is about $23.3 billion.
RatingPrice Target -
Stocks turned in a mixed performance on Thursday, as Broadcom led the Nasdaq
Stocks turned in a mixed performance on Thursday, as Broadcom led the Nasdaq lower, the S&P 500 and Dow Jones Industrials were higher, and now all of Wall Street has (maybe) moved on and is awaiting the latest jobs data.










