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Home CompaniesCMS Energy Corporation

CMS Energy Corporation

Utilities Utilities - Regulated Electric
PortfolioPortfolio WatchlistWatchlist
Company price
69.955 USD 0.34 ( 0.48%)
Last update at 2026-11-12T15:40:00Z
VOLUME
263626
Market Cap
20671.00M
P/E
20.10

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
69.48
Low
70.19
High
52 Week Price Range
65.75
Low
79.10
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

CMS Energy is a Michigan-based utility holding company whose main operation, Consumers Energy, delivers regulated electricity and natural gas to residential, commercial and industrial customers. Long-term growth may be supported by rate-base investments in grid modernization, renewable generation and electrification, while investors may find the company attractive for its regulated earnings and relatively predictable cash flow.
Investors should monitor regulatory and rate-case outcomes, execution risk on large capital projects, fuel-price exposure for generation and operational threats from severe weather, cyber incidents and shifting energy policy.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
69.62
Dividend Yield
3.33%
Revenue TTM
8813.00M
Revenue Per Share
28.86
Gross Profit TTM
3553.00M
Debt / Equity
2.07
ROE
9.16%
Net Debt
18324.00M
ROCE
5.53%
Diluted EPS TTM
3.28

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1248.00M 1123.00M 954.00M 902.00M 823.00M
Minority interest 69.00M 56.00M 29.00M 24.00M 23.00M
Net income 1071.00M 1003.00M 887.00M 837.00M 728.00M
Selling general administrative 3474.12M - - - -
Gross profit 5201.12M 3209.00M 2862.00M 2762.00M 2649.00M
Reconciled depreciation 1306.00M 1240.00M 1166.00M 1126.00M 1114.00M
Ebit 2037.00M 1831.00M 1597.00M 295.00M 209.00M
Ebitda 3187.00M 3071.00M 2777.00M 1421.00M 1323.00M
Depreciation and amortization 1150.00M 1240.00M 1180.00M 1126.00M 1114.00M
Operating income 1727.00M 1487.00M 1235.00M 295.00M 209.00M
Other operating expenses 6812.00M 6028.00M 6227.00M 7372.00M 6183.00M
Interest expense 789.00M 708.00M 643.00M 519.00M 500.00M
Tax provision 246.00M 176.00M 102.00M 93.00M 95.00M
Interest income 47.00M 651.00M 599.00M 519.00M 500.00M
Net interest income -751.00M -708.00M -643.00M -519.00M -500.00M
Extraordinary items 42.00M 43.00M 41.00M 4.00M 602.00M
Income tax expense 246.00M 176.00M 147.00M 93.00M 95.00M
Total revenue 8539.00M 7515.00M 7462.00M 8596.00M 7329.00M
Total operating expenses 3474.12M 1722.00M 1627.00M 7372.00M 6183.00M
Cost of revenue 3337.88M 4306.00M 4600.00M 5834.00M 4680.00M
Total other income expense net -479.00M -364.00M -281.00M 607.00M 614.00M
Discontinued operations - - - 4.00M 602.00M
Net income from continuing ops 1002.00M 947.00M 807.00M 809.00M 728.00M
Net income applicable to common shares 1061.00M 993.00M 877.00M 827.00M 1348.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 40388.00M 35920.00M 33517.00M 31353.00M 28753.00M
Other current assets 743.00M 855.00M 730.00M 3251.00M 2132.00M
Total liab 30677.00M 27172.00M 25392.00M 23758.00M 21565.00M
Total stockholder equity 9144.00M 8230.00M 7544.00M 7015.00M 6631.00M
Deferred long term liab - - - 3595.00M 2259.00M
Other current liab 1185.00M 511.00M 406.00M -181.00M 1822.00M
Common stock 3.00M 3.00M 3.00M 6791.00M 6407.00M
Capital stock 227.00M 227.00M 227.00M 7015.00M 227.00M
Retained earnings 2443.00M 2035.00M 1658.00M 1350.00M 1057.00M
Other liab - - - 7556.00M 7269.00M
Other assets 5789.00M 591.00M - 5207.00M 3774.00M
Cash 615.00M 103.00M 227.00M 164.00M 452.00M
Cash and equivalents 509.00M 103.00M - 164.00M 452.00M
Total current liabilities 3548.00M 3521.00M 2895.00M 1866.00M 1822.00M
Current deferred revenue - - 815.00M - -1268.00M
Net debt 18324.00M 16487.00M 15416.00M 15264.00M 12022.00M
Short term debt 959.00M 1263.00M 1068.00M 1119.00M 382.00M
Short long term debt 956.00M 1260.00M 1073.00M 1119.00M 766.00M
Short long term debt total 18939.00M 16590.00M 15643.00M 15428.00M 12474.00M
Other stockholder equity 6510.00M 6009.00M 5705.00M -1298.00M -998.00M
Property plant equipment 30680.00M 2122.00M - 22713.00M 22352.00M
Total current assets 3472.00M 2790.00M 2839.00M 3433.00M 2627.00M
Long term investments 61.00M 69.00M 76.00M 71.00M 71.00M
Net tangible assets - - - 6791.00M 6407.00M
Net receivables 1323.00M 1063.00M 944.00M 1580.00M 943.00M
Long term debt 18898.00M 15194.00M 14508.00M 14309.00M 12474.00M
Inventory 791.00M 769.00M 938.00M 1117.00M 667.00M
Accounts payable 1404.00M 1093.00M 809.00M 928.00M 886.00M
Accumulated other comprehensive income -36.00M -41.00M -46.00M -52.00M -59.00M
Non currrent assets other 5688.00M 5576.00M 5504.00M 4752.00M 3703.00M
Non current assets total 36916.00M 33130.00M 30678.00M 27920.00M 26126.00M
Capital lease obligations 135.00M 112.00M 62.00M 68.00M 46.00M
Long term debt total 18898.00M 15306.00M - 14309.00M 12092.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -3054.00M -3386.00M -2476.00M -1233.00M
Change to liabilities - - - 4.00M 153.00M
Total cashflows from investing activities -4034.00M -3049.00M - -2476.00M -1233.00M
Net borrowings 2394.00M 982.00M - 1813.00M 100.00M
Total cash from financing activities 2236.00M 609.00M 1143.00M 1327.00M -295.00M
Change to operating activities - - - 10.00M -3.00M
Net income 1071.00M 1003.00M 808.00M 813.00M 1330.00M
Change in cash 437.00M -70.00M 66.00M -294.00M 291.00M
Begin period cash flow 178.00M 248.00M 182.00M 476.00M 185.00M
End period cash flow 615.00M 178.00M 248.00M 182.00M 476.00M
Total cash from operating activities 2235.00M 2370.00M 2309.00M 855.00M 1819.00M
Issuance of capital stock 525.00M 286.00M 192.00M 69.00M 250.00M
Depreciation 1306.00M 1240.00M 1180.00M 1126.00M 1114.00M
Other cashflows from investing activities -214.00M -160.00M - -2476.00M -1233.00M
Dividends paid 663.00M 626.00M 579.00M 546.00M 509.00M
Change to inventory -28.00M 164.00M 185.00M -450.00M -93.00M
Change to account receivables -251.00M -155.00M 241.00M -677.00M -103.00M
Sale purchase of stock 525.00M 286.00M 3624.00M 69.00M 475.00M
Other cashflows from financing activities -20.00M -33.00M 38.00M 1910.00M -52.00M
Change to netincome - - - 5.00M 466.00M
Capital expenditures 3824.00M 3018.00M 2574.00M 2481.00M 2209.00M
Change in working capital -61.00M 262.00M 416.00M -1113.00M -46.00M
Stock based compensation - - 28.00M 26.00M -746.00M
Other non cash items -283.00M -277.00M -252.00M -60.00M -82.00M
Free cash flow -1589.00M -648.00M -265.00M -1626.00M -390.00M

Peer Comparison*

Sector: Utilities Industry: Utilities - Regulated Electric

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CMS
CMS Energy Corporation		 0.34
0.48%		 69.95 20.10 16.13 2.31 2.19 4.57 12.19
NEE
Nextera Energy Inc		 0.43
0.51%		 86.42 18.34 18.80 5.89 2.98 9.67 15.69
DUK
Duke Energy Corporation		 0.81
0.63%		 129.59 20.24 18.76 3.08 1.92 5.88 11.11
NGGTF
National Grid plc		 -
-%		 16.40 16.58 12.18 4.29 1.39 5.62 12.31
SO
Southern Company		 -0.67
0.71%		 93.17 25.35 17.76 2.89 2.48 5.27 13.35

Profile*

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.

One Energy Plaza, Jackson, MI, United States, 49201

517 788 0550

https://www.cmsenergy.com

8350

Name Title Year Born
Mr. Garrick J. Rochow Pres, CEO & Director 1975
Mr. Rejji P. Hayes Exec. VP & CFO 1975
Mr. Shaun M. Johnson J.D. Sr. VP & Gen. Counsel 1979
Mr. Brian F. Rich Sr. VP & Chief Customer Officer 1975
Mr. LeeRoy Wells Jr. Sr. VP of Operations 1979
Mr. Scott B. McIntosh Chief Accounting Officer, Controller & VP of Tax 1976
Ms. Tamara J. Faber VP of Technology & Chief Digital Officer NA
Mr. Srikanth Maddipati VP of IR & Fin. and Treasurer 1983
Ms. Melissa M. Gleespen VP, Chief Compliance Officer & Corp. Sec. 1968
Mr. Brandon J. Hofmeister Sr. VP of Gov.al, Regulatory & Public Affairs 1977

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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