Equites Radar

CMS · CMS Energy Corporation

Utilities - Regulated ElectricUnited StatesAnalyst view: Buy

$74.70

+0.13% last session

End-of-day data · updated 2026-07-28

Mildly bullish3 bullish · 2 bearish technical signals
Consensus: Buy (2.38 from 13 analysts)
To mean target: +7.7%

Market cap

$23B

Enterprise value

$43B

Trailing P/E

20.5

Forward P/E

17.8

Dividend yield

3.0%

Beta

0.34

Avg volume

3M

Employees

8K

2D change

5D change

0.16%

10D change

0.84%

30D change

-5.76%

60D change

2.34%

MTD change

-2.17%

YTD change

7.83%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)2.38
Covering analysts13
Mean price target$80.46
Low price target$66.00
Upside to mean target+7.7%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)49.0
50-day MA$74.06
200-day MA$73.36
Price vs 50-day MA+0.4%
Price vs 200-day MA+1.4%
MACD histogram-0.17
Volume vs 3-month avg1.0×
52w low $68.1352w high $79.32

Analyst sentiment over time — CMS

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-07-23

Latest call per bank · past 12 months

JP Morgan

Overweight

$85.00

+13.8% vs price
▲ raised from $82.00Maintains · 2026-07-16

Barclays

Overweight

$81.00

+8.4% vs price
▲ raised from $79.00Maintains · 2026-07-14

Jefferies

Hold

$74.00

-0.9% vs price
▼ cut from $88.00Downgrade · 2026-06-04

Bank of America

Buy

$88.00

+17.8% vs price
▲ raised from $82.00Maintains · 2026-04-21

Morgan Stanley

Equal-Weight

$75.00

+0.4% vs price
▲ raised from $74.00Maintains · 2026-02-02

Wells Fargo

Equal-Weight

$74.00

-0.9% vs price
▼ cut from $77.00Maintains · 2026-01-20

UBS

Neutral

$77.00

+3.1% vs price
▼ cut from $81.00Maintains · 2025-12-17

Recent rating actions

DateFirmActionRatingPrice target
2026-07-23KeybancDowngradeOverweightSector Weight$0.00
2026-07-22BMO CapitalMaintainsOutperform$86.00 $82.00
2026-07-20BMO CapitalMaintainsOutperform$81.00 $86.00
2026-07-16JP MorganMaintainsOverweight$82.00 $85.00
2026-07-14BarclaysMaintainsOverweight$79.00 $81.00
2026-06-04JefferiesDowngradeBuyHold$88.00 $74.00
2026-06-04BMO CapitalMaintainsOutperform$82.00 $81.00
2026-05-18Truist SecuritiesMaintainsBuy$86.00 $83.00

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-07-28

  • RSI (14): RSI is 49 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 0.4% above the 50-day MA ($74.06).
  • Price vs 200-day MA: Trading 1.4% above the 200-day MA ($73.36).
  • MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • MACD (12,26,9): MACD histogram is negative (-0.17) — short-term momentum is fading.
  • 52-week range: Price is within 10% of the 52-week low ($68.13).

CMS Price Chart

Loading chart for CMS

Fundamentals

Revenue (TTM)$9.0B
EBITDA$3.0B
Free cash flow-$2.0B
Operating cash flow$2.0B
Book value / share$29.92
Net debt / EBITDA6.2
WACC6.0%
Revenue growth12.00%
Earnings growth9.00%

About CMS Energy Corporation

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.

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.