CMS · NYQ
S&P 500
CMS Energy Corporation
Utilities · Utilities - Regulated Electric
$69.78
+$0.23 (+0.33%) today
Closing price on Nov 10, 2026 · Source: Yahoo Finance
Consensus of 16 analysts
Buy
Median price target $73.00 +4.6%
- Open
- $69.30
- Day range
- 68.74 – $70.16
- 52-week range
- 62.29 – $80.36
- Volume
- 3,708,032
- Market cap
- $21,885M
- P/E (TTM)
- 24.9x
- EPS (TTM)
- $2.80
- EPS est. 2026
- $3.88
- P/E est. 2026
- 18.0x
- Dividend yield
- 3.2%
- Beta
- 0.30
- Payout
- 80%
The analysis of this company is being prepared and will appear in the next update.
CMS Energy financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | $2,183M | +8.0% |
| Net income | $123M | −55.6% |
| Earnings per share | $0.39 | −57.3% |
| Net margin | 5.6% | −8.1 pp |
| Free cash flow | −$388M | n/s |
| Debt / equity | 2.08 | +1.9% |
Revenue and net income ($M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | $2,021M | $277M |
| Q4 2025 | $2,233M | $289M |
| Q1 2026 | $2,730M | $340M |
| Q2 2026 | $1,829M | $120M |
| Q3 2026 | $2,183M | $123M |
CMS Energy earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 10 | $1.0030.92 – 1.06 | +5.5%$0.950 |
| Next quarterQ1 2027 · Analysts: 7 | $1.1971.04 – 1.39 | +6.0%$1.130 |
| Current year2026 · Analysts: 15 | $3.8763.85 – 3.91 | +7.4%$3.610 |
| Next year2027 · Analysts: 16 | $4.1444.02 – 4.19 | +6.9%$3.876 |
Forward P/E: 18.0x (2026) and 16.8x (2027) at the current price.
Actual and estimated EPS ($)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | $0.904 | — |
| Q4 2025 | $0.950 | $0.936 |
| Q1 2026 | $1.130 | $1.100 |
| Q2 2026 | $0.370 | $0.359 |
| Q3 2026 | $1.440 | $1.351 |
| Q4 2026 | — | $1.003 |
| Q1 2027 | — | $1.197 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | $2.839 | — |
| 2023 | $2.979 | — |
| 2024 | $3.324 | — |
| 2025 | $3.463 | — |
| 2026 | — | $3.876 |
| 2027 | — | $4.144 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | $1.197 | +6.0% |
| Q4 2026Estimated | $1.003 | +5.5% |
| Q3 2026 | $1.440est. $1.351 · surprise +6.6% | +59.3% |
| Q2 2026 | $0.370est. $0.359 · surprise +3.1% | n/a |
| Q1 2026 | $1.130est. $1.100 · surprise +2.7% | n/a |
| Q4 2025 | $0.950est. $0.936 · surprise +1.5% | n/a |
| Q3 2025 | $0.904 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | $4.144 | +6.9% |
| 2026Estimated | $3.876 | +11.9% |
| 2025 | $3.463 | +4.2% |
| 2024 | $3.324 | +11.6% |
| 2023 | $2.979 | +4.9% |
| 2022 | $2.839 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
CMS Energy dividend
Yield and payments
| Dividend yield (TTM) | 3.2% |
| Forward yield (next 12m) | 3.3% |
| Dividend per share (TTM) | $2.25 |
| Forward dividend (next 12m) | $2.28 |
| Payout (TTM) | 80% |
| Last dividend | $0.57Nov 6, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year ($)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | $1.53 |
| 2020 | $1.63 |
| 2021 | $1.74 |
| 2022 | $1.84 |
| 2023 | $1.95 |
| 2024 | $2.06 |
| 2025 | $2.17 |
| est. 12m | $2.28 |
CMS Energy forecasts
16 analyst ratings
Consensus: Buy · 7 buy, 9 hold, 0 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | $78.00 | +11.8% |
| Median | $73.00 | +4.6% |
| Low | $68.00 | −2.6% |
| Date | Close |
|---|---|
| Nov 28, 2025 | $75.44 |
| Dec 31, 2025 | $69.93 |
| Jan 30, 2026 | $71.49 |
| Feb 27, 2026 | $78.07 |
| Mar 31, 2026 | $77.58 |
| Apr 30, 2026 | $76.74 |
| May 29, 2026 | $72.57 |
| Jun 30, 2026 | $76.50 |
| Jul 31, 2026 | $71.99 |
| Aug 31, 2026 | $68.06 |
| Sep 30, 2026 | $63.08 |
| Oct 30, 2026 | $70.10 |
| Nov 10, 2026 | $69.78 |
CMS Energy peers
| Ticker | Company | Market cap ($M) | P/E | Price ($) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| CMS | CMS Energy | 21,885 | 24.9x | 69.78 | +0.33% | 62.2980.36 |
| NEE | NextEra Energy | 180,935 | 15.5x | 86.27 | −0.68% | 74.4198.75 |
| SO | Southern | 109,033 | 21.4x | 93.65 | +0.09% | 81.6999.58 |
| DUK | Duke Energy | 100,536 | 18.9x | 128.94 | +0.66% | 112.40134.49 |
| AEP | American Electric Power | 69,612 | 20.9x | 127.84 | +0.38% | 112.54140.58 |
| D | Dominion Energy | 60,136 | 22.6x | 68.37 | +0.19% | 55.8572.99 |
What the AI agents think about CMS Energy
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