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CMS Energy Corporation (CMS)

Featured in Overvalued Stocks

CMS Energy Corporation is a Michigan-based energy company incorporated in 1987 and headquartered in Jackson, Michigan. The company operates as a common stock listing on the NYSE and is organized around three business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. Through its electric utility operations, CMS Energy generates, purchases, distributes, and sells electricity using a mix of coal, wind, gas, renewable, oil, and nuclear sources. Its gas utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas. NorthStar Clean Energy focuses on independent power production, renewable generation development, and related marketing activities. CMS Energy serves about 1.9 million electric customers and 1.8 million gas customers, including residential, commercial, and industrial users.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Technical Outlook FAQ

Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Upcoming Dividend Ex-Date Dividend Payment Date Upcoming Dividend Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NYSE-CMS
$60.60
-15.8% Downside
Fair
$80.93
12.5% Upside
Fair
Fair
—
—
2.28
3.1%
July 23, 2026
20.3x
2.4x
2.5x
22.514 B
41.942 B
45.0%
99.3%
0.9
61.0%
-185.5%
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Valuation • Fair Value

CMS Energy Corporation (NYSE-CMS) Fair Value by Valuation Model

Compare the primary fair value estimate for CMS Energy Corporation (NYSE-CMS) with model-based valuation references such as DCF, Ben Graham, DDM, EPV and comparable-company valuation.

Primary Valuation Read

Fair Value

$60.60

Estimated downside of 15.8% versus the current market price.

Fair Value Confidence

High

Confidence level for the primary fair value estimate.

DCF Fair Value

$33.73

Discounted cash flow valuation reference.

Ben Graham Formula Value

$39.40

Classic Ben Graham valuation formula reference.

DDM Fair Value

$75.46

Dividend discount model valuation reference.

EPV Fair Value

NM

Earnings power value estimate.

Comps Fair Value

$78.05

Comparable-company valuation reference.

Analyst Price Target

$80.93

Analysts imply upside of 12.5%.

How to read these valuation models

Use this section to compare the primary fair value estimate for CMS Energy Corporation (NYSE-CMS) with several model-based valuation references. Different models can produce different outputs because each method relies on a different set of assumptions, so the primary fair value estimate should be read alongside the model spread rather than in isolation.

Profitability • Growth

Profitability & Growth for CMS Energy Corporation (NYSE-CMS)

A compact read on revenue, forward revenue expectations, EBITDA and operating profitability trends.

Revenue

8.822 B

Current operating scale indicator.

Revenue Forecast

8.944 B

Forward revenue estimate.

EBITDA

3.048 B

Current operating profitability reference.

EBITDA Forecast

3.55 B

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review CMS Energy Corporation (NYSE-CMS) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for CMS Energy Corporation (NYSE-CMS)

Review financial health, earnings quality and balance-sheet risk through Piotroski, Beneish, Altman and cash conversion metrics.

Financial Health

Fair

Mixed or neutral financial-health read.

Piotroski Score

4

Mid-range quality score.

Beneish M-Score

-2.28

No elevated caution signal from this screen.

Altman Z-Score

0.9

Lower score that deserves closer risk review.

FCF / Net Income

-185.5%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for CMS Energy Corporation (NYSE-CMS). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for CMS Energy Corporation (NYSE-CMS)

Track the next earnings date, ex-dividend date, dividend payment date, dividend yield and upcoming distribution details where available.

Next Earnings Date

July 23, 2026

Days to Earnings

2

Dividend Payment Date

Not available

Ex-Dividend Date

Not available

Dividend Yield

3.1%

Income yield reference.

Upcoming Dividend

2.28

Upcoming distribution amount.

Payment Type

Not available

Data is currently unavailable.

Dividend Currency

USD

Currency used for the distribution.

Payout Ratio

61.0%

Dividend payout reference.

How to read events and dividends

This section helps investors track time-sensitive items for CMS Energy Corporation (NYSE-CMS), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

CMS Energy Corporation (NYSE-CMS) Stock Forecast & Technical Outlook

Review CMS Energy Corporation (NYSE-CMS) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Sell

The 15-minute technical read for CMS Energy Corporation (NYSE-CMS) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Sell

The 1-hour technical read for CMS Energy Corporation (NYSE-CMS) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Sell

The daily technical read for CMS Energy Corporation (NYSE-CMS) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Sell

The weekly technical read for CMS Energy Corporation (NYSE-CMS) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Buy

The monthly technical read for CMS Energy Corporation (NYSE-CMS) is currently Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for CMS Energy Corporation (NYSE-CMS)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Hold

Based on the available recommendation mix, CMS Energy Corporation (NYSE-CMS) has a Hold consensus, with 5 buy, 7 hold and 0 sell recommendations in the current data set.

Buy 5
Hold 7
Sell 0
FAQ • Fast Investor Answers

CMS Energy Corporation (NYSE-CMS) Stock FAQ

Quick answers about CMS Energy Corporation (NYSE-CMS) stock, including fair value, valuation rating, analyst price target, dividends, earnings dates, market capitalization, financial health and other key stock analysis metrics.

Fair Value
$60.60
Estimated downside 15.8%
Valuation Rating
Overvalued
Estimated downside of 15.8%
Analyst Target
$80.93
Implied upside 12.5%
Financial Health
Fair
Current financial-health read

The current fair value estimate for CMS Energy Corporation (NYSE-CMS) is $60.60. This implies an estimated downside of 15.8% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 15.8% versus the current market price.

The available analyst price target for CMS Energy Corporation (NYSE-CMS) is $80.93. The analyst target implies estimated upside of 12.5%.

The current financial health read for CMS Energy Corporation (NYSE-CMS) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for CMS Energy Corporation (NYSE-CMS) is July 23, 2026.

Based on the current data, dividend yield is 3.1%, upcoming dividend amount is 2.28.

The current P/E ratio listed for CMS Energy Corporation (NYSE-CMS) is 20.3x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for CMS Energy Corporation is 22.514 B.

The current enterprise value listed for CMS Energy Corporation is 41.942 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for CMS Energy Corporation is NYSE-CMS, and the stock is listed on NYSE.

CMS Energy Corporation (NYSE-CMS) is listed on NYSE.

The current debt-to-total-capital ratio listed for CMS Energy Corporation is 45.0%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for CMS Energy Corporation is 99.3%. Free float helps investors understand how much of the share base is available for public trading.

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