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CMS

CMS Energy Corporation

CMS

NYSE·Utilities·Regulated Electric·Mkt cap $21.5B

$68.46

-0.19%

P/E

20.25

Mkt Cap

$21.5B

52-Wk Range

$67.19–$80.36

52-Week Range

$67.19 - $80.36

P/E

20.25

Fwd P/E

17.68

Beta

0.33

Div Yield

3.29%

Avg Vol

3.4M

Shares Out

308.9M

Mkt Cap

$21.5B

Price action

Price chart

Down 3.1% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Comprehensive Michigan service territory
  • Diversified energy generation mix
  • Regulated utility model ensuring stable returns
  • Strategic investment in renewable energy infrastructure

Bear Case

1 risk

  • Low volatility (beta 0.3).

Growth

Stable outlook

Renewable energy transition

Value

Fairly valued vs Electric Utilities peers

Momentum

Stable

-3.5% over 3m

Quality

Excellent

Strong fundamentals

Dividend

Solid

3.29% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Oct 29, 2026

Q3 26 RECAP

JUL 28, 2026

Reported EPS of $0.37 vs $0.36 consensus (+3.1% surprise). Revenue of $1.8B vs $1.9B expected (-2.4%).

EPS beat +3.1%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+3.1%

Revenue trend · last 8Q

+2%

+12%

+14%

+16%

+12%

+12%

-0%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$1.7B

$2.0B

$2.4B

$1.8B

$2.0B

$2.2B

$2.7B

$1.8B

Margins · last 8Q

Gross

63.1%

Operating

14.4%

Profit

6.6%

Wall Street consensus

8 analysts · 63% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

63%

Hold

3

38%

Sell

0%

Median Price Target

Latest: UBS · Jul 29, 2026

vs Industry

How CMS stacks vs Regulated Electric

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.