Track CMS Energy Corporation — Monitor price, dividends, and performance in your free portfolio

Start Tracking Free

CMS Energy Corporation CMS · Stock Open CMS Energy Corporation in new tab

74.27 USD
Add to portfolio
P/E
20.64
EPS
3.62
Yield
3.01%
Safety Score
35
P/B
2.50
ROE
10.37
Beta
0.34
Target Price
80.46 USD
CMS Energy Corporation logo

CMS Energy Corporation

🧾 Earnings Recap – Q3 2025

CMS Energy reported a strong Q3 2025 with significant regulatory approvals, robust growth in renewable investments, and continued expansion in Michigan’s industrial sector, positioning the company for long-term success.

  • Secured regulatory approvals for 8 GW of solar and 2.8 GW of wind investments, reinforcing commitment to Michigan's clean energy goals.
  • Gas rate case received approval for approximately 75% of the request, ensuring infrastructure investments for a safer, cleaner natural gas system.
  • Reported year-to-date connection of 450 MW towards a planned 900 MW of industrial growth, driven by agreements in manufacturing and data centers.
  • Projecting 2-3% annual sales growth over the next five years, supported by a robust $20 billion customer investment plan and strong economic growth in Michigan.
  • Maintained customer utility bills below the national average, focusing on affordability while implementing necessary system investments.
📅
1M 6M YTD 1Y 2Y 5Y Max
Loading chart...
Key Metrics
Earnings dateJuly 30, 2026
P/E20.64
EPS3.62
Book Value29.92
Price to Book2.50
Debt/Equity189.84
% Insiders0.549%
Growth
Revenue Growth0.12%
Earnings Growth0.09%
Estimates
Forward P/E17.91
Forward EPS4.17
Target Mean Price80.46
Dividend
Dividend Yield3.01%
Annual dividends2.23 USD
Ex-Div. DateAug. 7, 2026
Payout60.98%
5y avg Yield2.94%

DCF Valuation

Tweak assumptions to recompute fair value for CMS Energy Corporation (CMS)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result
Fair Value (DCF)
—
Current Price
—
Upside
—
WACC
—
Terminal PV
—
Σ PV of FCFs
—
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

CMS Energy Corporation Logo CMS Energy Corporation Analysis (CMS)

United States Utilities Official Website Stock

Is CMS Energy Corporation a good investment? CMS Energy Corporation (CMS) is currently trading at 74.27 USD. Market analysts have a consensus price target of 80.46 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 20.64. This valuation is generally in line with the broader market.

Earnings Schedule: CMS Energy Corporation is expected to release its next earnings report on July 30, 2026. The market consensus estimate for Forward EPS is 4.17.

For income investors, CMS Energy Corporation pays a dividend yield of 3.01%. With a payout ratio of 61%, the dividend appears sustainable.

Investor FAQ

Does CMS Energy Corporation pay a dividend?

Yes, it pays an annual dividend of 2.23 USD (3.01% yield).

What asset class is CMS Energy Corporation?

CMS Energy Corporation is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 30, 2026. The company currently has a trailing EPS of 3.62.

Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company 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.

Exchange Ticker
NYQ (United States) CMS
Trades
Dividend Yield
3.01%
5y avg 2.94%
Annual Dividends
2.23USD
Next Ex. Div Date
Aug. 7, 2026
Payout Ratio
60.98%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
1.21 USD
May 31, 2027 (estimated) 0.6042
Feb. 26, 2027 (estimated) 0.6042
▸2026
2.29 USD
Nov. 30, 2026 (estimated) 0.5756
Sept. 1, 2026 0.5700
May 29, 2026 0.5700
Feb. 27, 2026 0.5700
▸2025
2.17 USD
Nov. 26, 2025 0.5430
Aug. 29, 2025 0.5430
May 30, 2025 0.5430
Feb. 28, 2025 0.5430
▸2024
2.06 USD
Nov. 27, 2024 0.5150
Aug. 30, 2024 0.5150
May 31, 2024 0.5150
Feb. 29, 2024 0.5150
▸2023
1.95 USD
Nov. 30, 2023 0.4880
Aug. 31, 2023 0.4880
May 31, 2023 0.4880
Feb. 28, 2023 0.4880
▸2022
1.84 USD
Nov. 30, 2022 0.4600
Aug. 31, 2022 0.4600
May 31, 2022 0.4600
Feb. 28, 2022 0.4600
▸2021
1.74 USD
Nov. 30, 2021 0.4350
Aug. 31, 2021 0.4350
May 28, 2021 0.4350
Feb. 26, 2021 0.4350
▸2020
1.63 USD
Nov. 30, 2020 0.4080
Aug. 31, 2020 0.4080
May 29, 2020 0.4080
Feb. 28, 2020 0.4080
▸2019
1.53 USD
Nov. 27, 2019 0.3830
Aug. 30, 2019 0.3830
May 31, 2019 0.3830
Feb. 28, 2019 0.3830
▸2018
1.43 USD
Nov. 30, 2018 0.3580
Aug. 31, 2018 0.3580
May 31, 2018 0.3580
Feb. 28, 2018 0.3580
▸2017
1.33 USD
Nov. 30, 2017 0.3330
Aug. 31, 2017 0.3330
May 31, 2017 0.3330
Feb. 28, 2017 0.3330
▸2016
1.24 USD
Nov. 30, 2016 0.3100
Aug. 31, 2016 0.3100
May 31, 2016 0.3100
Feb. 29, 2016 0.3100
▸2015
1.16 USD
Nov. 30, 2015 0.2900
Aug. 31, 2015 0.2900
May 29, 2015 0.2900
Feb. 27, 2015 0.2900
▸2014
1.08 USD
Nov. 26, 2014 0.2700
Aug. 29, 2014 0.2700
May 30, 2014 0.2700
Feb. 28, 2014 0.2700
▸2013
1.02 USD
Nov. 27, 2013 0.2550
Aug. 30, 2013 0.2550
May 31, 2013 0.2550
Feb. 28, 2013 0.2550
▸2012
0.96 USD
Nov. 30, 2012 0.2400
Aug. 31, 2012 0.2400
May 31, 2012 0.2400
Feb. 29, 2012 0.2400
▸2011
0.84 USD
Nov. 30, 2011 0.2100
Aug. 31, 2011 0.2100
May 31, 2011 0.2100
Feb. 28, 2011 0.2100
▸2010
0.66 USD
Nov. 30, 2010 0.2100
Aug. 31, 2010 0.1500
May 28, 2010 0.1500
Feb. 26, 2010 0.1500
▸2009
0.50 USD
Nov. 30, 2009 0.1250
Aug. 31, 2009 0.1250
May 29, 2009 0.1250
Feb. 27, 2009 0.1250
▸2008
0.36 USD
Nov. 28, 2008 0.0900
Aug. 29, 2008 0.0900
May 30, 2008 0.0900
Feb. 29, 2008 0.0900
▸2007
0.20 USD
Nov. 30, 2007 0.0500
Aug. 31, 2007 0.0500
May 31, 2007 0.0500
Feb. 28, 2007 0.0500
▸2002
1.09 USD
Nov. 22, 2002 0.1800
Aug. 22, 2002 0.1800
May 22, 2002 0.3650
Feb. 22, 2002 0.3650
▸2001
1.46 USD
Nov. 23, 2001 0.3650
Aug. 22, 2001 0.3650
May 22, 2001 0.3650
Feb. 22, 2001 0.3650
▸2000
1.46 USD
Nov. 22, 2000 0.3650
Aug. 22, 2000 0.3650
May 22, 2000 0.3650
Feb. 22, 2000 0.3650
▸1999
1.76 USD
Nov. 22, 1999 0.3650
Sept. 15, 1999 0.3650
Aug. 20, 1999 0.3650
May 21, 1999 0.3300
Feb. 22, 1999 0.3300
▸1998
1.26 USD
Nov. 20, 1998 0.3300
Aug. 21, 1998 0.3300
May 22, 1998 0.3000
Feb. 20, 1998 0.3000
▸1997
1.14 USD
Nov. 21, 1997 0.3000
Aug. 22, 1997 0.3000
May 22, 1997 0.2700
Feb. 21, 1997 0.2700
▸1996
1.02 USD
Nov. 22, 1996 0.2700
Aug. 22, 1996 0.2700
May 22, 1996 0.2400
Feb. 22, 1996 0.2400
▸1995
0.90 USD
Nov. 22, 1995 0.2400
Aug. 22, 1995 0.2400
May 22, 1995 0.2100
Feb. 22, 1995 0.2100
▸1994
0.78 USD
Nov. 22, 1994 0.2100
Aug. 22, 1994 0.2100
May 23, 1994 0.1800
Feb. 22, 1994 0.1800
▸1993
0.60 USD
Nov. 22, 1993 0.1800
Aug. 23, 1993 0.1800
May 21, 1993 0.1200
Feb. 22, 1993 0.1200
▸1992
0.48 USD
Nov. 23, 1992 0.1200
Aug. 21, 1992 0.1200
May 22, 1992 0.1200
Feb. 21, 1992 0.1200
▸1991
0.48 USD
Nov. 22, 1991 0.1200
Aug. 22, 1991 0.1200
May 22, 1991 0.1200
Feb. 22, 1991 0.1200
▸1990
0.42 USD
Nov. 21, 1990 0.1200
Aug. 22, 1990 0.1000
May 22, 1990 0.1000
Feb. 22, 1990 0.1000
▸1989
0.10 USD
Nov. 22, 1989 0.1000
▸1973
0.50 USD
April 13, 1973 0.5000
Upcoming Dividends
Name Payment Date Status Amount
CMS Energy Corporation Sep 01, 2026 Upcoming 0.57 USD
CMS Energy Corporation May 29, 2026 0.57 USD
CMS Energy Corporation Feb 27, 2026 0.57 USD
CMS Energy Corporation Nov 26, 2025 0.543 USD
CMS Energy Corporation Aug 29, 2025 0.543 USD
Explore Premium Features

Unlock detailed news and exclusive insights with our Premium subscription.

See Pricing Plans

Fundamentals

Under Construction

This feature will be available soon. Stay tuned!

Follow us on Twitter for updates: @allinvestview

Check out our Roadmap for upcoming features.

Community Discussion