CMS Energy/$CMS
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About CMS Energy
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, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
- Ticker
- $CMS
- Sector
- Utilities
- Primary listing
- NYSE
- Employees
- 8,350
- Headquarters
- Jackson, United States
- Website
- www.cmsenergy.com
CMS Energy Metrics
BasicAdvanced
$20B
19.57
$3.32
0.33
$2.25
3.50%
Price and volume
Market cap
$20B
Beta
0.33
52-week high
$80.36
52-week low
$62.29
Average daily volume
3.7M
Dividend rate
$2.25
Financial strength
Current ratio
0.936
Quick ratio
0.413
Long term debt to equity
1.772
Total debt to equity
1.856
Dividend payout ratio (TTM)
99.51%
Interest coverage (TTM)
2.29%
Profitability
EBITDA (TTM)
3,018
Gross margin (TTM)
40.32%
Net profit margin (TTM)
11.64%
Operating margin (TTM)
22.21%
Effective tax rate (TTM)
21.23%
Revenue per employee (TTM)
$1,060,000
Management effectiveness
Return on assets (TTM)
2.97%
Return on equity (TTM)
9.16%
Valuation
Price to earnings (TTM)
19.57
Price to revenue (TTM)
2.255
Price to book
2.14
Price to tangible book (TTM)
2.14
Price to free cash flow (TTM)
-10.349
Free cash flow yield (TTM)
-9.66%
Free cash flow per share (TTM)
-6.288
Dividend yield (TTM)
3.46%
Forward dividend yield
3.50%
Growth
Revenue change (TTM)
9.93%
Earnings per share change (TTM)
-1.91%
3-year revenue growth (CAGR)
2.68%
10-year revenue growth (CAGR)
3.63%
3-year earnings per share growth (CAGR)
9.97%
10-year earnings per share growth (CAGR)
5.48%
3-year dividend per share growth (CAGR)
5.50%
10-year dividend per share growth (CAGR)
6.37%
What the Analysts think about CMS Energy
Analyst ratings (Buy, Hold, Sell) for CMS Energy stock.
Analyst projections of the future price of CMS Energy stock.
Bulls say / Bears say
CMS reaffirmed 2026 adjusted EPS guidance of $3.83–$3.90 and introduced 2027 guidance of $4.08–$4.17. Its five-year utility plan is expected to drive 10.5% annual rate-base growth and support 6–8% long-term EPS growth. (Morningstar, Last10K)
Exiting non-utility renewables development should simplify CMS’s structure and reduce parent-level funding needs. Management expects nearly all earnings after 2027 to come from regulated utility operations, making the growth profile more predictable. (Morningstar, Utility Dive)
Michigan’s rising power demand creates a long runway for investment. Consumers Energy’s 20-year plan includes more than 19 GW of new wind, solar and battery resources, while the regulator has already approved 1,269 MW of solar contracts. (Michigan Public Radio, Michigan Public Service Commission)
Recent earnings show execution pressure: first-half adjusted EPS fell to $1.50 from $1.73, with storms, weaker weather and higher operating costs weighing on the utility. Consumers also reported $259 million of costs from emergency orders keeping its Campbell coal plant open, with recovery still uncertain. (Utility Dive, StockTitan)
Rate recovery is not guaranteed. Michigan regulators approved $276.6 million in the latest electric case and removed almost 40% of the original request, while CMS is now seeking a further $481 million whose final treatment will not be decided until 2027. (Michigan Public Service Commission, Last10K)
The expansion requires substantial financing while cash generation is under pressure. First-half operating cash fell year on year, investment outflows increased and cash ended at $345 million, leaving CMS exposed to higher borrowing costs or further equity issuance if regulatory recovery lags. (StockTitan, Morningstar)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.
CMS Energy Financial Performance
Revenues and expenses
CMS Energy Earnings Performance
Company profitability
Upcoming events
No upcoming events
CMS Energy News
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Funds containing CMS Energy
AllEURGBPUSD
Fund name | Fund size | $CMS weighting |
|---|---|---|
iShares S&P 500 Utilities Sector€2B7A | €1.2B | 1.58% |
iShares S&P 500 Utilities Sector£IUSU | £1B | 1.58% |
SPDR MSCI World Utilities€WUTI | €72M | 0.94% |
iShares Dow Jones U.S. Select Dividend€EXX5 | €412M | 0.88% |
iShares Global Infrastructure€INFR | €2.1B | 0.64% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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