$68.46-0.13 (-0.19%)
CMS Energy Corporation operates as an energy company primarily in Michigan.
CMS Energy Corporation in the Utilities sector is trading at $68.46 with a market capitalization of $21.3B. Wall Street consensus targets $79.58 (12 analysts), implying a +16.2% move over the next 12 months. The stock is currently near its 52-week low of $67.19, remaining 5.6% below its 200-day moving average. On fundamentals, Piotroski 5/9 shows mixed financial quality, Altman Z in the distress zone. Risk note: RSI 26 is oversold, raising the odds of a near-term bounce. The Whystock Score of 70/100 reflects bullish alignment across trend, valuation and analyst targets.
| Metric (USD) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|
| Total Revenue | $1.83B↓ | $2.73B↑ | $2.23B↑ | $2.02B↑ | $1.84B |
| Gross Profit | $690.00M↓ | $1.07B↑ | $912.00M↑ | $876.00M↑ | $714.00M |
| Operating Income | $264.00M↓ | $490.00M↑ | $435.00M↓ | $481.00M↑ | $317.00M |
| Net Income | $120.00M↓ | $340.00M↑ | $289.00M↑ | $277.00M↑ | $201.00M |
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, ...

CMS Energy (CMS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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CMS Energy (CMS) has declared a dividend on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. The payment of $0.2625 per depositary share is scheduled for October 15, 2026. See our latest analysis for CMS Energy. At a share price of $70.61, CMS Energy has seen short term share price returns slip over the past quarter while its 3 year total shareholder return remains solidly positive. This points to steady rather than accelerating momentum. If you are comparing CMS Energy...

CMS Energy has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.
Academic risk and quality models computed from CMS's own filings and price history, not from analyst opinion.
Mixed: 5 of 9 fundamental-health tests pass, so profitability and balance-sheet trends disagree.
Altman Z below 1.81, the financial-distress band. This measures balance-sheet stress, not share-price direction.
Beneish M below the -1.78 flag threshold, so the earnings-manipulation model finds nothing unusual in the accruals and margin trends.
The stock’s own historical valuation anchor, which is a fairer comparison than a sector average for a company with a persistent premium or discount.