CMS Energy (NYSE: CMS), based in Jackson, Michigan, is an energy company that is focused principally on utility operations in Michigan.
| Revenue (TTM) | $8.81B |
| Gross Profit (TTM) | $3.55B |
| EBITDA | $3.02B |
| Operating Margin | 17.20% |
| Return on Equity | 9.16% |
| Return on Assets | 2.97% |
| Revenue/Share (TTM) | $28.86 |
| Book Value | $30.45 |
| Price-to-Book | 2.25 |
| Price-to-Sales (TTM) | 2.44 |
| EV/Revenue | 4.629 |
| EV/EBITDA | 12.36 |
| Quarterly Earnings Growth (YoY) | -43.90% |
| Quarterly Revenue Growth (YoY) | -0.50% |
| Shares Outstanding | $313.58M |
| Float | $311.47M |
| % Insiders | 0.55% |
| % Institutions | 103.77% |
Volatility is currently contracting
CMS Energy remains positioned to become a Dividend Aristocrat early next decade. The regulated utility topped the analyst consensus for both operating revenue and adjusted EPS in the second quarter. CMS Energy possesses a BBB S&P credit rating with a stable outlook.
CMS Energy (CMS) reported earnings 30 days ago. What's next for the stock?
Thiel Macro LLC resurfaced in mid-August with a $418.7 million book spread across exactly eight positions as of June 30, 2026, according to 13f.info's rendering of the filing.
CMS Energy is rated Hold due to uncertainties in affordability, data center positioning, and recent CFO transition despite solid regulatory support. CMS plans to sell most non-regulated renewables, targeting $500M net proceeds to fund regulated rate base expansion and focus on core utility operations. CMS faces high storm damage costs, aggressive $25.8B capex plan, and regulatory risks, with electricity affordability likely a key election-year issue.
JACKSON, Mich., Aug. 6, 2026 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.
JACKSON, Mich., Aug. 6, 2026 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility's preferred stock.
CMS' Q2 adjusted EPS matches estimates but drops 47.9% as revenues slip and operating income declines year over year.
CMS Energy NYSE: CMS reaffirmed its 2026 earnings outlook and introduced 2027 guidance while outlining plans to exit non-utility renewable development through its NorthStar business, redirecting capital toward regulated utility investments in Michigan.
CMS Energy (CMS) came out with quarterly earnings of $0.37 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.71 per share a year ago.
CMS Energy forecast 2027 adjusted earnings below Wall Street estimates on Tuesday and said it would exit non-utility renewables development, as the utility focuses on its regulated business while investing to meet growing electricity demand.
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