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CMS CMS Energy Corporation

Utilities
$74.53+1.21%ClosedMarket Cap: $23.02B

As of 2026-05-25

Valuation

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P/E (TTM)

22.71

PEG

3.35

P/B

2.37

P/S

2.61

EV/EBITDA

12.95

DCF Value

$75.26

FCF Yield

-8.8%

Div Yield

3.0%

Margins & Returns

Gross Margin

64.6%

Operating Margin

19.5%

Net Margin

12.5%

ROE

12.3%

ROA

2.7%

ROIC

3.6%

Financials

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PeriodRevenueNet IncomeEPS
Q1 null$2.73B$340.0M$
Q4 null$2.23B$289.0M$
FY null$8.54B$1.07B$
Q3 null$2.02B$277.0M$

Analyst Ratings

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Consensus

Hold

Target (Consensus)

$80.50

Target (Median)

$80.50

Target Range

$77.00 - $83.00

3 Strong Buy6 Buy7 Hold0 Sell1 Strong Sell
Truist SecuritiesBuy
2026-05-18
JP MorganOverweight
2026-05-14
BMO CapitalOutperform
2026-05-11
BarclaysOverweight
2026-04-29
B of A SecuritiesBuy
2026-04-21

Trading Activity

Insider Trades

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Wright Lauradirector
SellMon May 11
TANSKI RONALD Jdirector
SellMon May 11
Sznewajs John Gdirector
SellMon May 11
Soto Myrnadirector
SellMon May 11
SHANK SUZANNE F.director
SellMon May 11

Company Info

Sector

Utilities

Industry

Regulated Electric

Country

US

Exchange

Beta

0.37

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.

Peers