CMS Energy Corporation

CMS Energy Corporation

CMS

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Market Cap$22.42B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
CMS Energy CorporationCMS Energy Corporation19.73.07%9%2.40.9

Earnings Call Q1 2026

April 28, 2026 - AI Summary

Strong Financial Performance: CMS Energy reported adjusted earnings per share of $1.13 for Q1 2026, showing confidence in its full-year guidance range of $3.83 to $3.90 per share. This reflects a positive variance primarily due to higher rate relief net of investments and strong performance from their NorthStar unit, although it was partially offset by costs incurred from a significant ice storm.
Regulatory Success: The company secured approval for over 65% of its requests in the recent electric rate case, upholding a 9.9% return on equity (ROE). This favorable regulatory environment is vital in supporting their investment strategy aimed at grid reliability and resiliency, and it reinforces CMS Energy's commitment to maintaining affordable costs for customers.
Growth Opportunities with Data Centers: CMS Energy continues to attract data center investments, which are expected to provide significant load growth. The company has signed contracts for approximately 110 megawatts of new load and believes that each gigawatt of new large load could represent an additional $2-$5 billion in capital investment, potentially driving long-term earnings growth.

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$80.78

Target Price by Analysts

15% upsideCMS Energy Target Price DetailsTarget Price
$-67.36

Current Fair Value

195.9% downside

Overvalued by 195.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$22.42 Billion
Enterprise Value$34.37 Billion
Dividend Yield$2.23 (3.07%)
Earnings per Share$3.53
Beta0.37
Outstanding Shares300,566,572

Return

Return on Equity8.53%ROE
Return on Assets69.23%
Return on Invested Capital-99.10%

Valuation & Multiples

P/E Ratio19.71P/E Ratio
PEG166.4PEG
Price to Sales2.42Price to Sales
Price to Book Ratio17.56Price to Book Ratio
Enterprise Value to Revenue3.9
Enterprise Value to EBIT22.36
Enterprise Value to Net Income31
Total Debt to Enterprise0.35
Debt to Equity0.92Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 28, 2026
EPS Estimate
$1.11
Average shareholder expectation
Revenue Estimate
$2.46 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$0.78
Average shareholder expectation
Revenue Estimate
$1.92 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.1061 50.14%
Total Calls725,800 13.44%
Total Puts76,986 84.89%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %99.01% 1.32%
Total Invested$23.09B 12.46%
Investors Holding798 10.00%

ESG Score

No data

About CMS Energy Corporation

2,018 employees
CEO: Patricia Poppe

Relevant Senate Committees

Joint Committee on Taxation

This committee's analysis and scoring of tax legislation are fundamental to all tax policy, which profoundly affects the financial structure, capital expenditure planning, and overall profitability of a capital-intensive utility like CMS Energy.

Finance

This committee controls taxation and trade. Corporate tax policy, investment tax credits, and tariffs on equipment or fuel imports directly impact CMS Energy's profitability, capital investment decisions, and operational costs.

Appropriations

This committee directly allocates federal discretionary spending. Funding decisions for infrastructure, energy projects, or research can directly provide revenue streams or co-funding opportunities for CMS Energy's investments and operations.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and the Department of Energy, all of which critically impact the generation sources, transmission, and operational environment for electric utilities like CMS Energy.

Environment and Public Works

This committee directly regulates the EPA and (if applicable) the Nuclear Regulatory Commission, both of which impose significant environmental and operational regulations on power generation and utility infrastructure, directly impacting CMS Energy's costs and operations.