CMS Energy Corporation (CMS)
- Previous Close
74.14 - Open
74.61 - Bid 66.43 x 800
- Ask 72.89 x 900
- Day's Range
72.07 - 74.52 - 52 Week Range
58.50 - 76.45 - Volume
3,216,562 - Avg. Volume
2,731,309 - Market Cap (intraday)
22.177B - Beta (5Y Monthly) 0.34
- PE Ratio (TTM)
21.36 - EPS (TTM)
3.38 - Earnings Date Jul 23, 2025 - Jul 28, 2025
- Forward Dividend & Yield 2.17 (3.01%)
- Ex-Dividend Date May 9, 2025
- 1y Target Est
74.92
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 270 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,646 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 81,924 miles of electric distribution overhead lines; 9,775 miles of underground distribution lines; and 1,098 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,342 miles of transmission lines; 15 gas storage fields; 28,368 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.
www.cmsenergy.com8,324
Full Time Employees
December 31
Fiscal Year Ends
Sector
Utilities - Regulated Electric
Industry
Recent News: CMS
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Performance Overview: CMS
Trailing total returns as of 4/25/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: CMS
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Statistics: CMS
View MoreValuation Measures
Market Cap
21.59B
Enterprise Value
38.32B
Trailing P/E
21.36
Forward P/E
20.08
PEG Ratio (5yr expected)
2.92
Price/Sales (ttm)
2.77
Price/Book (mrq)
2.66
Enterprise Value/Revenue
4.92
Enterprise Value/EBITDA
12.21
Financial Highlights
Profitability and Income Statement
Profit Margin
13.10%
Return on Assets (ttm)
3.09%
Return on Equity (ttm)
11.23%
Revenue (ttm)
7.79B
Net Income Avi to Common (ttm)
1.01B
Diluted EPS (ttm)
3.38
Balance Sheet and Cash Flow
Total Cash (mrq)
465M
Total Debt/Equity (mrq)
190.14%
Levered Free Cash Flow (ttm)
-1.02B
Research Analysis: CMS
View MoreResearch Reports: CMS
View MoreCMS Energy Earnings: On Track to Achieve 2025 Growth Target Despite High Storm Costs
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
RatingPrice TargetUS Utilities: Tariffs Raise Questions About Cost Passthroughs, Energy Demand, Interest Rates
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
RatingPrice TargetManagement guiding for solid growth potential
CMS is an energy company based in Michigan, primarily focused on utility operations within the state. The company has electricity generation, transmission, and distribution operations. Natural gas operations include transmission, distribution, compression, and underground storage operations. Its principal business is Consumers Energy Company, a state and federally regulated utility, provides electricity and natural gas to 1.8 million customers in Michigan. Consumers has about 8.6 GW of generating capacity. CMS's 2024 fuel mix is about 35% coal, 57% natural gas, 8% wind, and 2% hydropower. CMS's operating subsidiary, NorthStar Clean Energy, is a vertically integrated, unregulated company that provides energy marketing for non-utility operations and owns and operates independent power generating plants, and natural gas infrastructure. NorthStar has about 1.6GW of generating capacity and a presence in AK, OH, MI, NC, TX, and WI. Revenues in 2024 were $7.5 billion, of which almost 70% were from electric utility operations, 28% were gas utility, and the remainder was from NorthStar. At year-end 2024, the company had a base rate of about $25.6 billion for combined regulated gas and electric utility assets. The market cap is about $19.8 billion.
RatingPrice TargetThe major stock indices are mixed at midday. Techs are under pressure today
The major stock indices are mixed at midday. Techs are under pressure today and the Nasdaq is down 1%. Investors continue to monitor often-changing tariff news. Elsewhere, orders for durable goods came in stronger than expected for February. The 0.9% rise beat expectations for a drop of 1%, but was below January's 3.3% reading.