Companies /Utilities

CMS Energy Corporation

NYSE: CMS Utilities - Regulated Electric
$69.00
▼ $0.59 (−0.85%) today
Markets closed · 9:12pm ET

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CMS at a Glance

Valuation
Market cap
$21.8B
P/E ratio
20.9
Dividend yield
3.20%
Profitability
Revenue (TTM)
$8.8B
Profit margin
11.6%
EPS (TTM)
$3.33
Price
52-week range
$62 – $79
24/7 target
$74.54
Street target
$74.69

Headquartered in Jackson, MI Fiscal year ends December NYSE: CMS cmsenergy.com

About CMS Energy

CMS Energy Corporation (NYSE: CMS) is a Michigan-based energy holding company whose primary subsidiary is Consumers Energy, a regulated electric and natural gas utility serving approximately 6.8 million of Michigan's 10 million residents. The company generates, purchases, distributes, and sells electricity and natural gas. CMS Energy also owns NorthStar Clean Energy, an independent power generation business currently undergoing restructuring to transition the company toward a nearly 100% utility-based earnings model after 2027. The company operates under Michigan's constructive regulatory framework, which features forward-looking test years, 10-month rate cases, monthly fuel adjustment trackers, and supportive energy efficiency incentives. CMS Energy is pursuing a $24 billion utility capital investment plan through 2030, with significant clean energy deployment including solar, wind, battery storage, and natural gas generation to meet Michigan's renewable portfolio standard targets of 60% by 2035 and 100% clean energy by 2040. The company is also benefiting from diversified economic development in Michigan, including data center, semiconductor, and manufacturing load growth. Updated

Latest Activity

CMSCMS Energy
Q3 2026
EPS
$1.44
est $1.35+6.6%
Revenue
$2.18B
est $2.18B+0.2%

Nearly all earnings become utility-based after 2027: management reaffirmed 2026 and 2027 adjusted guidance and says the NorthStar Clean Energy wind-down finishes by year-end, with the restructuring removing more than $500 million of funding needs through 2030. The NorthStar impairment buried GAAP earnings, while adjusted results beat expectations.

Quarterly EPS — reported vs estimate

CMS Coverage

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Frequently Asked Questions

What does CMS Energy do?

CMS Energy Corporation (NYSE: CMS) is a Michigan-based energy holding company whose primary subsidiary is Consumers Energy, a regulated electric and natural gas utility serving approximately 6.8 million of Michigan's 10 million residents.

What is the CMS stock price target?

24/7 Wall St.'s 12-month price target for CMS is $74.54, rated Buy. The Wall Street consensus target is $74.69. CMS price prediction →