CMS Energy Corporation (CMS)

US — Utilities Sector
Peers: EIX  EVRG  EBR  KEP  EBR-B  FE  FTS  SO  DTE  LNT 

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Key Metrics & Ratings

  • symbol CMS
  • Rev/Share 27.7889
  • Book/Share 31.5946
  • PB 2.5075
  • Debt/Equity 2.0389
  • CurrentRatio 1.1847
  • ROIC 0.0376

 

  • MktCap 22231866056.0
  • FreeCF/Share -5.0519
  • PFCF -14.7426
  • PE 21.2286
  • Debt/Assets 0.4755
  • DivYield 0.0291
  • ROE 0.1238

 

  • Rating B-
  • Score 2
  • Recommendation Sell
  • P/E Score 2
  • DCF Score 1
  • P/B Score 2
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation CMS Wells Fargo -- Equal Weight -- $77 Oct. 28, 2025
Downgrade CMS Wolfe Research Outperform Peer Perform -- -- July 7, 2025
Upgrade CMS Barclays Equal Weight Overweight $68 $75 Feb. 20, 2025
Downgrade CMS Guggenheim Buy Neutral -- -- Jan. 23, 2025
Downgrade CMS Mizuho Outperform Neutral $76 $72 Oct. 15, 2024

News

CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
CMS
Published: November 14, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , Nov. 14, 2025 /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.

Read More
image for news CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
CMS
Published: November 14, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , Nov. 14, 2025 /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.

Read More
image for news Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
CMS Energy Corporation (CMS) Q3 2025 Earnings Call Transcript
CMS, CMSA
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Neutral

CMS Energy Corporation ( CMS ) Q3 2025 Earnings Call October 30, 2025 9:30 AM EDT Company Participants Jason Shore - Treasurer & VP of Investor Relations Garrick Rochow - President, CEO & Director Rejji Hayes - Executive VP & CFO Conference Call Participants Julien Dumoulin-Smith - Jefferies LLC, Research Division Jeremy Tonet - JPMorgan Chase & Co, Research Division Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division Andrew Weisel - Scotiabank Global Banking and Markets, Research Division Travis Miller - Morningstar Inc., Research Division Michael Sullivan - Wolfe Research, LLC Presentation Operator Good morning, everyone, and welcome to …

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image for news CMS Energy Corporation (CMS) Q3 2025 Earnings Call Transcript
CMS Energy Q3 Earnings Beat Estimates, Revenues Increase Y/Y
CMS
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS posts strong Q3 results with higher y/y earnings and revenue beat, boosting its 2025 outlook and setting fresh 2026 guidance.

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image for news CMS Energy Q3 Earnings Beat Estimates, Revenues Increase Y/Y
Consumers Energy Foundation Announces $500,000 for Community Projects in Northern Michigan
CMS
Published: October 29, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , Oct. 29, 2025 /PRNewswire/ -- The Consumers Energy Foundation announced its 2025 Prosperity Award Winners, with recipients in Curtis Township, Lincoln Township and the Village of Vanderbilt receiving a total of $500,000 in grant funding for projects in their communities.

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image for news Consumers Energy Foundation Announces $500,000 for Community Projects in Northern Michigan
CMS Energy (CMS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
CMS
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Neutral

CMS Energy (CMS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Read More
image for news CMS Energy (CMS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock
CMS
Published: October 20, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , Oct. 20, 2025 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock.

Read More
image for news CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock
The Preferred Dividend Of CMS Energy Has Become Less Attractive
CMS
Published: September 12, 2025 by: Seeking Alpha
Sentiment: Neutral

CMS Energy Corporation's preferred stock, CMS.PR.C, offers a 5.5% yield. CMS's preferred dividend is secure thanks to consistent earnings, robust capital investment, and a healthy balance sheet, despite high net debt typical for utilities. Rising inflation and government policy shifts have eroded the real yield, making CMS.PR.C's 5.5% yield less attractive in the current environment.

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image for news The Preferred Dividend Of CMS Energy Has Become Less Attractive
CMS Energy Set to Benefit From Renewable Growth & Capital Deployment
CMS
Published: August 25, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS plans $20 billion in capital investments and major renewable expansion while retiring coal units by 2025.

Read More
image for news CMS Energy Set to Benefit From Renewable Growth & Capital Deployment
CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
CMS
Published: August 07, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , Aug. 7, 2025 /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.

Read More
image for news CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
CMS
Published: August 07, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , Aug. 7, 2025 /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.

Read More
image for news Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
CMS Energy Corporation (CMS) Q2 2025 Earnings Call Transcript
CMS, CMSA
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Neutral

CMS Energy Corporation (NYSE:CMS ) Q2 2025 Earnings Conference Call July 31, 2025 9:30 AM ET Company Participants Garrick J. Rochow - President, CEO & Director Jason M.

Read More
image for news CMS Energy Corporation (CMS) Q2 2025 Earnings Call Transcript
CMS Energy Q2 Earnings Surpass Estimates, Revenues Increase Y/Y
CMS
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS beats Q2 earnings and revenue estimates with solid Y/Y growth, backed by higher operating income, and reaffirms its 2025 guidance.

Read More
image for news CMS Energy Q2 Earnings Surpass Estimates, Revenues Increase Y/Y
CMS Energy (CMS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
CMS
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for CMS Energy (CMS) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Read More
image for news CMS Energy (CMS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Countdown to CMS Energy (CMS) Q2 Earnings: Wall Street Forecasts for Key Metrics
CMS
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for CMS Energy (CMS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2025.

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image for news Countdown to CMS Energy (CMS) Q2 Earnings: Wall Street Forecasts for Key Metrics
CMS Energy Set to Report Q2 Earnings: What's in Store for the Stock?
CMS
Published: July 25, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS may post Q2 earnings growth as rate hikes and renewables earnings offset storm-related and reliability upgrade-related expenses.

Read More
image for news CMS Energy Set to Report Q2 Earnings: What's in Store for the Stock?
CMS Energy (CMS) Earnings Expected to Grow: Should You Buy?
CMS
Published: July 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

CMS Energy (CMS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Read More
image for news CMS Energy (CMS) Earnings Expected to Grow: Should You Buy?
CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock
CMS
Published: July 21, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , July 21, 2025 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock.

Read More
image for news CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock
CMS Energy to Gain From Key Investments & Renewable Expansion
CMS
Published: July 08, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS is set to benefit from its strategic investment plan of $20 billion through 2029 while retiring coal units, and expanding solar and wind capacity.

Read More
image for news CMS Energy to Gain From Key Investments & Renewable Expansion
CMS Energy Thrives on Strategic Investments & Renewable Growth
CMS
Published: May 28, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS is expected to benefit from its strategic investment plan and expansion of renewable generation despite coal ash disposal costs and high debt levels.

Read More
image for news CMS Energy Thrives on Strategic Investments & Renewable Growth
CMS Energy Announces New Organizational Structure to Support its Long-Term Company Strategy
CMS
Published: May 15, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , May 15, 2025 /PRNewswire/ -- CMS Energy announced today a new corporate organizational structure to support the company's operational transformation and long-term company strategy.

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image for news CMS Energy Announces New Organizational Structure to Support its Long-Term Company Strategy
Pharma Stocks Hit by Trump's Vow to Cut US Prescription Drug Costs
AMGN, CMS, JNJ, LLY, MRK, PFE
Published: May 12, 2025 by: Zacks Investment Research
Sentiment: Negative

The price cuts would see that U.S. consumers pay the same amount as the nation that pays the lowest price for that drug.

Read More
image for news Pharma Stocks Hit by Trump's Vow to Cut US Prescription Drug Costs
CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
CMS
Published: May 02, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , May 2, 2025 /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.

Read More
image for news CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
CMS
Published: May 02, 2025 by: PRNewsWire
Sentiment: Neutral

JACKSON, Mich. , May 2, 2025 /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.

Read More
image for news Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
Here's Why CMS Energy (CMS) is a Strong Growth Stock
CMS
Published: April 28, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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image for news Here's Why CMS Energy (CMS) is a Strong Growth Stock
CMS Energy Q1 Earnings Miss Estimates, Revenue Increase Y/Y
CMS
Published: April 24, 2025 by: Zacks Investment Research
Sentiment: Negative

CMS' first-quarter earnings miss the Zacks Consensus Estimate by 2.9%. However, its top line increases 12.5% from the year-ago quarter.

Read More
image for news CMS Energy Q1 Earnings Miss Estimates, Revenue Increase Y/Y
CMS Energy Set to Report Q1 Earnings: What's in Store for the Stock?
CMS
Published: April 22, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS' Q1 earnings are likely to have benefited from below-normal weather patterns and cost-reduction initiatives amid higher restoration expenses.

Read More
image for news CMS Energy Set to Report Q1 Earnings: What's in Store for the Stock?
Are Utilities Stocks Lagging CMS Energy (CMS) This Year?
CMS
Published: April 18, 2025 by: Zacks Investment Research
Sentiment: Negative

Here is how CMS Energy (CMS) and Exelon (EXC) have performed compared to their sector so far this year.

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image for news Are Utilities Stocks Lagging CMS Energy (CMS) This Year?
Here's Why You Must Add CMS Energy Stock to Your Portfolio Now
CMS
Published: April 14, 2025 by: Zacks Investment Research
Sentiment: Positive

CMS is a solid pick in the utility space, given its prospects, ROE, better solvency, systematic investment plan and ability to raise shareholder value via regular dividends.

Read More
image for news Here's Why You Must Add CMS Energy Stock to Your Portfolio Now
5 Renewable Energy Stocks to Buy Amid Growing Market Demand
AES, CMS, NI, OGE, WEC
Published: April 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Five renewable energy stocks with strong long-term potential are: AES, OGE, WEC, NI, CMS.

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image for news 5 Renewable Energy Stocks to Buy Amid Growing Market Demand

About CMS Energy Corporation (CMS)

  • IPO Date 1987-05-01
  • Website https://www.cmsenergy.com
  • Industry Regulated Electric
  • CEO Garrick J. Rochow
  • Employees 8324

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.