CMS Energy Corporation (CMS)

CMS price $70.04 +1.91 +2.80%

Ticker
CMS
Price
$70.04
Change
+1.91 +2.80%
Market cap ?
$21.96B
P/E ?
20.16
Forward P/E ?
18.08
Dividend yield ?
3.31%
Sector
Utilities
Industry
Regulated Electric
Stocklytics score
30
Value
31
Quality
29
Growth
29

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…

Fair value

CMS fair value Not meaningful versus price $70.04 (—).

Assumptions: 5-year discounted cash flow. Growth 0.00% (not estimated), discount 10.00%, terminal growth 2.50%. Analyst revenue or earnings growth is capped between -5% and 25%. Equity value is the present value of free cash flow minus net debt, divided by shares. A result below the trading price can still match those inputs. FMP's DCF ($76.83) is a separate model and only a cross-check.

Financial Modeling Prep DCF cross-check: $76.83.

Not meaningful. The model is more than 80% below the live price, which happens for unprofitable or very early companies and is not a price target.

Compare CMS

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-10-27—1.35—2.23B
2026-07-280.370.361.83B1.87B
2026-04-281.131.102.73B2.46B
2026-02-050.950.932.23B1.88B
2025-10-300.930.862.02B1.85B
2025-07-310.710.681.84B1.74B
2025-04-241.021.012.45B2.24B
2025-02-060.870.871.99B2.17B
2024-10-310.840.781.74B1.88B
2024-07-250.660.631.61B1.73B
2024-04-250.970.942.18B2.32B
2024-02-011.051.051.95B2.75B
2023-10-260.610.611.67B2.14B
2023-07-270.750.701.55B2.04B
2023-04-270.700.762.28B2.23B
2023-02-020.600.392.28B1.89B
2022-10-270.560.552.02B1.75B
2022-07-280.530.501.92B1.60B
2022-05-031.201.122.37B2.12B
2022-02-030.470.472.03B1.74B
2021-10-280.540.541.73B1.58B
2021-07-290.620.461.56B1.50B
2021-04-291.211.142.08B2.02B
2021-02-040.560.551.80B1.80B
2020-10-290.770.721.57B1.47B
2020-08-030.490.421.44B1.24B
2020-04-270.860.791.86B1.71B
2020-01-300.680.691.79B1.82B
2019-10-240.730.671.55B1.42B
2019-07-250.330.361.45B1.58B
2019-04-250.750.782.06B2.14B
2019-01-310.400.401.83B1.83B
2018-10-250.590.581.60B1.57B
2018-07-260.480.411.49B1.27B
2018-04-260.860.821.95B1.86B
2018-02-140.510.511.78B1.78B
2017-10-260.620.561.53B1.38B
2017-07-280.330.391.45B1.71B
2017-05-010.710.681.83B1.75B
2017-02-020.290.291.64B1.64B

Dividends

Yield 3.22%. Payout ratio 67.25%. Frequency Quarterly.

Dividend safety is 82/100 (Safe). The score adds four parts worth 25 points each: Payout ratio is 67% of earnings.; Dividends use a moderate share of free cash flow.; Dividends were paid in 35 separate years.; Yield is 3.2%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-06$0.572026-11-062026-12-01Quarterly
2026-08-07$0.572026-08-072026-09-01Quarterly
2026-05-08$0.572026-05-082026-05-29Quarterly
2026-02-17$0.572026-02-172026-02-27Quarterly
2025-11-07$0.542025-11-072025-11-26Quarterly
2025-08-08$0.542025-08-082025-08-29Quarterly
2025-05-09$0.542025-05-092025-05-30Quarterly
2025-02-14$0.542025-02-172025-02-28Quarterly
2024-11-13$0.522024-11-132024-11-27Quarterly
2024-08-02$0.522024-08-022024-08-30Quarterly
2024-05-14$0.522024-05-152024-05-31Quarterly
2024-02-09$0.522024-02-122024-02-29Quarterly
2023-11-02$0.492023-11-032023-11-30Quarterly
2023-08-03$0.492023-08-042023-08-31Quarterly
2023-05-04$0.492023-05-052023-05-31Quarterly
2023-02-10$0.492023-02-132023-02-28Quarterly
2022-11-03$0.462022-11-042022-11-30Quarterly
2022-08-04$0.462022-08-052022-08-31Quarterly
2022-05-05$0.462022-05-062022-05-31Quarterly
2022-02-10$0.462022-02-112022-02-28Quarterly
2021-11-04$0.432021-11-052021-11-30Quarterly
2021-08-05$0.432021-08-062021-08-31Quarterly
2021-05-06$0.432021-05-072021-05-28Quarterly
2021-02-04$0.432021-02-052021-02-26Quarterly
2020-11-05$0.412020-11-062020-11-30Quarterly
2020-08-06$0.412020-08-072020-08-31Quarterly
2020-05-14$0.412020-05-152020-05-29Quarterly
2020-02-06$0.412020-02-072020-02-28Quarterly
2019-10-31$0.382019-11-012019-11-27Quarterly
2019-08-01$0.382019-08-022019-08-30Quarterly
2019-05-02$0.382019-05-032019-05-31Quarterly
2019-01-31$0.382019-02-012019-02-28Quarterly
2018-11-01$0.362018-11-022018-11-30Quarterly
2018-08-02$0.362018-08-032018-08-31Quarterly
2018-05-03$0.362018-05-042018-05-31Quarterly
2018-02-15$0.362018-02-162018-02-28Quarterly
2017-11-02$0.332017-11-032017-11-30Quarterly
2017-08-02$0.332017-08-042017-08-31Quarterly
2017-05-03$0.332017-05-052017-05-31Quarterly
2017-02-01$0.332017-02-032017-02-28Quarterly
2016-11-02$0.312016-11-042016-11-30Quarterly
2016-08-03$0.312016-08-052016-08-31Quarterly
2016-05-04$0.312016-05-062016-05-31Quarterly
2016-02-03$0.312016-02-052016-02-29Quarterly
2015-11-04$0.292015-11-062015-11-30Quarterly
2015-08-05$0.292015-08-072015-08-31Quarterly
2015-05-06$0.292015-05-082015-05-29Quarterly
2015-02-04$0.292015-02-062015-02-27Quarterly
2014-11-05$0.272014-11-072014-11-26Quarterly
2014-07-30$0.272014-08-012014-08-29Quarterly
2014-04-30$0.272014-05-022014-05-30Quarterly
2014-02-05$0.272014-02-072014-02-28Quarterly
2013-10-30$0.262013-11-012013-11-27Quarterly
2013-07-31$0.262013-08-022013-08-30Quarterly
2013-05-01$0.262013-05-032013-05-31Quarterly
2013-02-06$0.262013-02-082013-02-28Quarterly
2012-10-31$0.242012-11-022012-11-30Quarterly
2012-08-01$0.242012-08-032012-08-31Quarterly
2012-05-02$0.242012-05-042012-05-31Quarterly
2012-02-08$0.242012-02-102012-02-29Quarterly
2011-11-02$0.212011-11-042011-11-30Quarterly
2011-08-03$0.212011-08-052011-08-31Quarterly
2011-05-04$0.212011-05-062011-05-31Quarterly
2011-02-03$0.212011-02-072011-02-28Quarterly
2010-11-03$0.212010-11-052010-11-30Quarterly
2010-08-04$0.152010-08-062010-08-31Quarterly
2010-05-05$0.152010-05-072010-05-28Quarterly
2010-02-04$0.152010-02-082010-02-26Quarterly
2009-11-04$0.122009-11-062009-11-30Quarterly
2009-08-06$0.122009-08-102009-08-31Quarterly
2009-05-06$0.122009-05-082009-05-29Quarterly
2009-02-04$0.122009-02-062009-02-27Quarterly
2008-11-05$0.092008-11-072008-11-28Quarterly
2008-08-06$0.092008-08-082008-08-29Quarterly
2008-05-07$0.092008-05-092008-05-30Quarterly
2008-02-06$0.092008-02-082008-02-29Quarterly
2007-11-07$0.052007-11-092007-11-30Quarterly
2007-08-08$0.052007-08-102007-08-31Quarterly
2007-05-08$0.052007-05-102007-05-31Quarterly
2007-02-05$0.052007-02-072007-02-28Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-07-31MADDIPATI SRIKANTHBuy200$72.4514.49K
2026-06-15MADDIPATI SRIKANTHBuy10.18K——
2026-06-03MADDIPATI SRIKANTHOther0——
2026-06-03MADDIPATI SRIKANTHOther0——
2026-05-26Hofmeister Brandon J.Sell3.00K$74.31222.93K
2026-05-08Wright LauraBuy2.41K——
2026-05-08TANSKI RONALD JBuy2.41K——
2026-05-08RUSSELL JOHN GBuy2.41K——
2026-05-08Keyes Richard PatrickBuy2.41K——
2026-05-08Sznewajs John GBuy2.41K——
2026-05-08Soto MyrnaBuy2.41K——
2026-05-08SHANK SUZANNE F.Buy2.41K——
2026-05-08IZZO RALPHBuy2.41K——
2026-05-08Leopold DianeBuy2.41K——
2026-05-08Butler Deborah HBuy2.41K——
2026-03-26McIntosh Scott BBuy1.03K——
2026-03-26McIntosh Scott BSell1.20K$76.3391.37K
2026-03-26Snyder Lauren YBuy674——
2026-03-26Snyder Lauren YSell574$76.3343.81K
2026-03-26Berry Tonya LBuy2.02K——
2026-03-26Berry Tonya LSell2.64K$76.33201.66K
2026-03-26Johnson Shaun MSell3.28K——
2026-03-26Johnson Shaun MSell4.31K$76.33329.06K
2026-03-26Hofmeister Brandon J.Buy2.86K——
2026-03-26Hofmeister Brandon J.Sell3.76K$76.33286.92K
2026-03-26Hayes Rejji PBuy6.32K——
2026-03-26Hayes Rejji PSell8.29K$76.33632.78K
2026-03-26Rochow Garrick JBuy19.68K——
2026-03-26Rochow Garrick JSell25.83K$76.331.97M
2026-03-02McIntosh Scott BSell1.75K$78.20136.86K
2026-02-27Hofmeister Brandon J.Sell2——
2026-02-27Hofmeister Brandon J.Sell4.00K$78.23312.94K
2026-02-27Hofmeister Brandon J.Buy2——
2026-02-25Leopold DianeBuy2.00K$76.70153.40K
2026-02-20Leopold DianeBuy769——
2026-02-20Keyes Richard PatrickBuy769——
2026-02-20Leopold DianeOther0——
2026-02-20Leopold DianeOther0——
2026-02-20Keyes Richard PatrickOther0——
2026-02-20Keyes Richard PatrickOther0——
2026-02-20RUSSELL JOHN GSell14.91K$75.751.13M
2026-01-29McIntosh Scott BBuy5.01K——
2026-01-29Snyder Lauren YBuy3.53K——
2026-01-29Thomas ShannonBuy7.76K——
2026-01-29Hofmeister Brandon J.Buy13.75K——
2026-01-29Johnson Shaun MBuy19.75K——
2026-01-29Berry Tonya LBuy20.45K——
2026-01-29Hayes Rejji PBuy33.14K——
2026-01-29Rochow Garrick JBuy123.41K——
2026-01-26McIntosh Scott BBuy117——
2026-01-26McIntosh Scott BSell1.42K$71.53101.43K
2026-01-26Snyder Lauren YBuy77——
2026-01-26Snyder Lauren YSell747$71.5353.43K
2026-01-26Hofmeister Brandon J.Buy326——
2026-01-26Hofmeister Brandon J.Sell4.22K$71.53301.93K
2026-01-26Johnson Shaun MBuy374——
2026-01-26Johnson Shaun MSell4.82K$71.53344.85K
2026-01-26Berry Tonya LBuy230——
2026-01-26Berry Tonya LSell2.99K$71.53214.09K
2026-01-26Hayes Rejji PBuy719——
2026-01-26Hayes Rejji PSell9.17K$71.53656.22K
2026-01-26Rochow Garrick JBuy2.24K——
2026-01-26Rochow Garrick JSell28.39K$71.532.03M
2025-11-03Hofmeister Brandon J.Sell223$72.4816.16K
2025-11-03Hofmeister Brandon J.Sell3.78K$72.47273.72K
2025-09-29Thomas ShannonOther0——
2025-09-29Thomas ShannonOther0——
2025-09-10Johnson Shaun MSell715——
2025-09-05Snyder Lauren YSell2.22K$71.26158.20K
2025-08-08Hofmeister Brandon J.Sell2.00K$73.62147.25K
2025-07-01Snyder Lauren YOther0——
2025-07-01Snyder Lauren YOther0——
2025-05-06Hofmeister Brandon J.Sell2.20K$73.61161.79K
2025-05-02Butler Deborah HBuy2.40K——
2025-05-02Soto MyrnaBuy2.40K——
2025-05-02IZZO RALPHBuy2.40K——
2025-05-02Wright LauraBuy2.40K——
2025-05-02SHANK SUZANNE F.Buy2.40K——
2025-05-02DARROW KURT LBuy2.40K——
2025-05-02RUSSELL JOHN GBuy2.40K——
2025-05-02Sznewajs John GBuy2.40K——
2025-05-02TANSKI RONALD JBuy2.40K——
2025-03-21Berry Tonya LBuy2.17K——
2025-03-21Berry Tonya LSell2.25K$73.50165.30K
2025-03-21Johnson Shaun MBuy3.86K——
2025-03-21Johnson Shaun MSell4.02K$73.50295.32K
2025-03-21McIntosh Scott BBuy1.29K——
2025-03-21McIntosh Scott BSell1.28K$73.5094.30K
2025-03-21Rochow Garrick JBuy25.06K——
2025-03-21Rochow Garrick JSell26.11K$73.501.92M
2025-03-21Hayes Rejji PBuy8.19K——
2025-03-21Hayes Rejji PSell8.54K$73.50627.47K
2025-03-21Wells LeeRoy JrBuy3.49K——
2025-03-21Wells LeeRoy JrSell3.62K$73.50266.29K
2025-03-21Hofmeister Brandon J.Buy3.86K——
2025-03-21Hofmeister Brandon J.Sell4.02K$73.50295.32K
2025-03-03Hofmeister Brandon J.Sell2.00K$73.77147.54K
2025-02-19Wright LauraSell597$69.8441.69K
2025-02-19Wright LauraSell100$69.846.98K
2025-02-19Wright LauraSell1.80K$69.84125.93K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 827, holders +18 vs prior quarter. Ownership 105.63%.

HolderSharesChangeChange %Value
BLACKROCK, INC.33.07M-494.69K-1.47%2.53B
VANGUARD CAPITAL MANAGEMENT LLC20.17M289.65K+1.46%1.54B
VANGUARD PORTFOLIO MANAGEMENT LLC19.05M257.55K+1.37%1.46B
STATE STREET CORP17.71M-393.09K-2.17%1.35B
JPMORGAN CHASE & CO16.41M569.71K+3.60%1.28B
WELLINGTON MANAGEMENT GROUP LLP12.16M5.50M+82.67%930.11M
GEODE CAPITAL MANAGEMENT, LLC8.74M212.38K+2.49%666.15M
DEUTSCHE BANK AG\8.08M336.71K+4.35%618.27M
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN7.88M-252.68K-3.11%603.02M
INVESCO LTD.7.62M-28.73K-0.38%582.66M
MASSACHUSETTS FINANCIAL SERVICES CO /MA/7.24M-388.21K-5.09%576.01M
VICTORY CAPITAL MANAGEMENT INC6.60M-243.42K-3.56%504.58M
AMERIPRISE FINANCIAL INC6.46M1.53M+31.04%494.03M
CAPITAL INTERNATIONAL INVESTORS5.30M5.30MNew405.65M
WELLS FARGO & COMPANY/MN5.25M-176.99K-3.26%401.25M
GOLDMAN SACHS GROUP INC4.84M65.50K+1.37%370.57M
NORGES BANK4.84M4.84MNew370.04M
GQG PARTNERS LLC4.75M337.59K+7.65%363.39M
PICTET ASSET MANAGEMENT HOLDING SA4.27M101.72K+2.44%326.54M
MORGAN STANLEY4.07M-643.69K-13.65%311.38M
BANK OF AMERICA CORP /DE/3.53M-135.16K-3.68%270.30M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC3.19M77.40K+2.49%243.75M
FIL LTD2.66M-380.69K-12.54%203.15M
NORTHERN TRUST CORP2.65M-78.98K-2.90%202.43M
MAGELLAN ASSET MANAGEMENT LTD2.54M519.10K+25.70%194.24M

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