CMS Energy/$CMS
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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
Primary listing
NYSE
Employees
8,324
Headquarters
Website
CMS Energy Metrics
BasicAdvanced
$23B
21.57
$3.47
0.40
$2.14
2.90%
Price and volume
Market cap
$23B
Beta
0.4
52-week high
$76.45
52-week low
$63.97
Average daily volume
2.6M
Dividend rate
$2.14
Financial strength
Current ratio
0.899
Quick ratio
0.425
Long term debt to equity
179.313
Total debt to equity
191.634
Dividend payout ratio (TTM)
62.27%
Interest coverage (TTM)
2.42%
Profitability
EBITDA (TTM)
2,992
Gross margin (TTM)
42.33%
Net profit margin (TTM)
12.62%
Operating margin (TTM)
22.86%
Effective tax rate (TTM)
19.38%
Revenue per employee (TTM)
$1,000,000
Management effectiveness
Return on assets (TTM)
3.25%
Return on equity (TTM)
11.23%
Valuation
Price to earnings (TTM)
21.568
Price to revenue (TTM)
2.694
Price to book
2.64
Price to tangible book (TTM)
2.64
Price to free cash flow (TTM)
-14.72
Free cash flow yield (TTM)
-6.79%
Free cash flow per share (TTM)
-5.084
Dividend yield (TTM)
2.86%
Forward dividend yield
2.90%
Growth
Revenue change (TTM)
10.96%
Earnings per share change (TTM)
-0.82%
3-year revenue growth (CAGR)
-0.22%
10-year revenue growth (CAGR)
2.15%
3-year earnings per share growth (CAGR)
-8.08%
10-year earnings per share growth (CAGR)
6.43%
3-year dividend per share growth (CAGR)
5.69%
10-year dividend per share growth (CAGR)
6.51%
What the Analysts think about CMS Energy
Analyst ratings (Buy, Hold, Sell) for CMS Energy stock.
Bulls say / Bears say
CMS Energy beat second-quarter adjusted profit estimates, reporting $0.71 per share versus $0.69 expected, driven by a 14.4 percent rise in revenue to $1.84 billion on robust power demand from AI-driven data centers and signing an agreement for a new 1 GW data center load addition (Reuters)
After its fourth-quarter report, CMS Energy raised its 2025 adjusted EPS guidance to $3.54–$3.60 from $3.52–$3.58 and increased its annual dividend by $0.11 to $2.17 per share, reflecting confidence in operating improvements and constructive regulatory outcomes (Reuters)
Consumers Energy’s agreement to sell 13 unprofitable hydroelectric dams for $1 each to Confluence Hydro LLC will transfer operational and environmental risks, reduce long-term costs for ratepayers, and may qualify for clean energy subsidies, bolstering its cost structure and focus on core infrastructure investments (AP News)
CMS Energy’s fourth-quarter profit fell to $262 million, or $0.87 per share, down from $306 million, as total operating expenses rose to $1.56 billion and revenue of $1.99 billion missed analyst estimates, highlighting margin pressure from higher gas costs and interest expenses (Reuters)
The Michigan Public Service Commission approved only a $153.8 million electric rate increase—53 percent below Consumers’ $325 million request—and set return on equity at 9.9 percent versus the 10.25 percent sought, constraining the utility’s ability to fully recover infrastructure investments (Michigan PSC)
Consumers Energy filed its sixth electric rate case in six years on June 2, 2025, seeking a $460.2 million increase based on a 10.25 percent ROE, signaling frequent regulatory filings that may erode goodwill with regulators and customers and invite stricter scrutiny (S&P Global)
Data summarised monthly by Lightyear AI. Last updated on 10 Nov 2025.
CMS Energy Financial Performance
Revenues and expenses
CMS Energy Earnings Performance
Company profitability
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FAQs
What’s the current market cap for CMS Energy stock?
CMS Energy (CMS) has a market cap of $23B as of November 12, 2025.
What is the P/E ratio for CMS Energy stock?
The price to earnings (P/E) ratio for CMS Energy (CMS) stock is 21.57 as of November 12, 2025.
Does CMS Energy stock pay dividends?
Yes, the CMS Energy (CMS) stock pays dividends to shareholders. As of November 12, 2025, the dividend rate is $2.1425 and the yield is 2.9%. CMS Energy has a payout ratio of 62.27% on a trailing twelve-month basis.
When is the next CMS Energy dividend payment date?
The next CMS Energy (CMS) dividend payment is scheduled for November 26, 2025.
What is the beta indicator for CMS Energy?
CMS Energy (CMS) has a beta rating of 0.4. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.