CMS
NEUTRAL
$76.27
Live
CMS Energy Corporation · NYSE
Target $81.93
(+7.4%)
$67.71
52W Range
$80.36
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 25, 2026
Market cap
$23.49B
P/E
21.67
ROE
10.9%
Profit margin
12.5%
Debt/Equity
1.95
Dividend yield
2.99%
AI Analysis
AI-powered fundamental assessment
Confidence
85%
CMS Energy exhibits strong operational performance and a remarkable earnings track record, but it is currently trading at a significant premium to its deterministic value. With a Piotroski F-Score of 4/9, the company's financial health is stable but not strong, further complicated by a current ratio below 1.0. While the company outperforms sector averages in ROE and profit margins, the current price of $76.27 far exceeds both the Graham Number ($48.02) and the Intrinsic Value ($59.49). The combination of bearish insider sentiment and a high PEG ratio suggests limited immediate upside at current valuation levels.
Key Strengths
Exceptional earnings consistency with beats in nearly all of the last 25 quarters
Superior ROE (10.86%) compared to the sector average (-4.61%)
Strong profit margins (12.54%) significantly exceeding sector peers
Steady revenue growth of 12.30% YoY
Regulated utility business model providing predictable cash flow streams
Key Risks
Significant overvaluation relative to Graham Number and Intrinsic Value
Liquidity concerns indicated by a Current Ratio of 0.98 and Quick Ratio of 0.52
High Debt/Equity ratio (1.95) exceeding the sector average
Bearish insider activity with multiple officer/director sales and zero buys
High PEG ratio (2.90) suggesting growth is overpriced
AI Fair Value Estimate
Based on comprehensive analysis
$62.5
-18.1% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
62
Strong
35
75
95
45
60
AI Verdict
Operational Excellence vs. Valuation Premium
Key drivers: Consistent EPS beats, Sector-leading profitability, Price-to-Intrinsic gap, Weak liquidity ratios
Confidence
90%
Value
35/100
Ref P/E 21.67, PEG 2.90, Graham $48.02
Positives
- P/E is lower than sector average
Watchpoints
- Price is 58% above Graham Number
- Price is 28% above Intrinsic Value
- High PEG ratio
Future
75/100
Ref Revenue Growth 12.30%, Earnings Growth 6.60%
Positives
- Consistent YoY revenue growth
- Positive earnings progression
Watchpoints
- Growth rate does not justify current PEG
Past
95/100
Ref Quarterly Earnings Track Record
Positives
- 25-quarter streak of meeting or beating estimates
- Consistent positive surprises
Watchpoints
No urgent risks highlighted.
Health
45/100
Ref Piotroski 4/9, Current Ratio 0.98
Positives
- Piotroski F-Score in 'Stable' range
Watchpoints
- Current Ratio < 1.0
- High Debt/Equity (1.95)
- Low Quick Ratio
Dividend
60/100
Ref Yield 2.99%, Payout 61.56%
Positives
- Sustainable payout ratio (61.56%)
Watchpoints
- Moderate yield (2.99%)
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$76.27
Analyst Target
$81.93
Upside/Downside
+7.4%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for CMS and closest competitors.
Updated 2026-04-24
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
CMS
CMS Energy Corporation
Primary
|
+39.0% | +34.0% | +6.0% | +3.6% | +1.1% | -1.9% |
|
AXIA
AXIA Energia SA
Peer
|
+160.2% | +45.8% | +90.8% | +60.8% | +13.7% | +8.9% |
|
AWK
American Water Works Company, Inc.
Peer
|
-11.2% | -10.3% | +9.1% | -6.4% | -1.2% | -2.7% |
|
ATO
Atmos Energy Corporation
Peer
|
+107.3% | +55.1% | +21.1% | +6.6% | -1.8% | -3.0% |
|
AEE
Ameren Corporation
Peer
|
+57.8% | +30.0% | +12.9% | +3.7% | +2.5% | -1.6% |
CMS
CMS Energy Corporation
Primary
5Y
+39.0%
3Y
+34.0%
1Y
+6.0%
6M
+3.6%
1M
+1.1%
1W
-1.9%
AXI
AXIA Energia SA
Peer
5Y
+160.2%
3Y
+45.8%
1Y
+90.8%
6M
+60.8%
1M
+13.7%
1W
+8.9%
AWK
American Water Works Company, Inc.
Peer
5Y
-11.2%
3Y
-10.3%
1Y
+9.1%
6M
-6.4%
1M
-1.2%
1W
-2.7%
ATO
Atmos Energy Corporation
Peer
5Y
+107.3%
3Y
+55.1%
1Y
+21.1%
6M
+6.6%
1M
-1.8%
1W
-3.0%
AEE
Ameren Corporation
Peer
5Y
+57.8%
3Y
+30.0%
1Y
+12.9%
6M
+3.7%
1M
+2.5%
1W
-1.6%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
21.67
Forward P/E
18.28
PEG Ratio
2.9
P/B Ratio
2.62
P/S Ratio
2.75
EV/Revenue
4.99
EV/EBITDA
14.1
Market Cap
$23.49B
Profitability
Profit margins and return metrics
Profit Margin
12.54%
Operating Margin
21.68%
Gross Margin
41.53%
ROE
10.86%
ROA
3.15%
Growth
Revenue and earnings growth rates
Revenue Growth
+12.3%
Earnings Growth
+6.6%
Q/Q Revenue Growth
+12.27%
Q/Q Earnings Growth
+9.1%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
1.95
High debt
Current Ratio
0.98
Weak
Quick Ratio
0.52
Poor
Cash/Share
$1.66
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$2.2B
Gross Margin
40.8%
Op. Margin
19.5%
Net Margin
12.9%
Total Assets
$39.9B
Liabilities
$30.2B
Equity
$9.1B
Debt/Equity
3.31x
Operating CF
$0.5B
CapEx
$-1.1B
Free Cash Flow
$-0.6B
FCF Yield
-133%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-28
$N/A
2026-02-05
$0.95
+1.5% surprise
2025-10-30
$0.93
+8.4% surprise
2025-07-31
$0.71
+3.9% surprise
Utilities Sector Comparison
Comparing CMS against 47 companies in the Utilities sector
(3 bullish, 28 neutral, 16 bearish)
P/E Ratio
21.67
This Stock
vs
25.25
Sector Avg
-14.2%
(Discount)
Return on Equity (ROE)
10.86%
This Stock
vs
-3.66%
Sector Avg
-396.5%
(Below Avg)
Profit Margin
12.54%
This Stock
vs
5.7%
Sector Avg
+120.2%
(Superior)
Debt to Equity
1.95
This Stock
vs
1.64
Sector Avg
+18.6%
(Higher)
Revenue Growth
12.3%
This Stock
vs
17.21%
Sector Avg
-28.5%
(Slower)
Current Ratio
0.98
This Stock
vs
1.18
Sector Avg
-17.1%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
CMS
CMS Energy Corporation
|
NEUTRAL | $23.49B | 21.67 | 10.9% | 12.5% | $76.27 | |
|
AXIA
AXIA Energia SA
|
BEARISH | $23.18B | - | -5.2% | -14.1% | $10.31 | Compare |
|
AWK
American Water Works Company, Inc.
|
NEUTRAL | $25.32B | 23.08 | 10.5% | 21.9% | $129.71 | Compare |
|
ATO
Atmos Energy Corporation
|
NEUTRAL | $26.74B | 22.16 | 9.3% | 25.5% | $165.34 | Compare |
|
AEE
Ameren Corporation
|
NEUTRAL | $27.68B | 19.79 | 11.4% | 16.3% | $102.32 | Compare |
CMS
CMS Energy Corporation
NEUTRAL
Mkt Cap
$23.5B
P/E
21.7
ROE
10.9%
Price
$76.27
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-26 | HAYES REJJI P | Chief Financial Officer | Stock Award | 6,316 | - |
| 2026-03-26 | ROCHOW GARRICK J | Chief Executive Officer | Stock Award | 19,681 | - |
| 2026-03-26 | HOFMEISTER BRANDON J | Officer | Stock Award | 2,863 | - |
| 2026-03-26 | JOHNSON SHAUN M | Officer | Stock Award | 3,284 | - |
| 2026-03-26 | MCINTOSH SCOTT B. | Officer | Stock Award | 1,028 | - |
| 2026-03-26 | BERRY TONYA L | Chief Operating Officer | Stock Award | 2,021 | - |
| 2026-03-26 | SNYDER LAUREN Y | Officer | Stock Award | 674 | - |
| 2026-03-02 | MCINTOSH SCOTT B. | Officer | Sale | 1,750 | $136,859 |
| 2026-02-27 | HOFMEISTER BRANDON J | Officer | Gift | 2 | - |
| 2026-02-27 | HOFMEISTER BRANDON J | Officer | Sale | 4,000 | $312,940 |
| 2026-02-25 | LEOPOLD DIANE | Director | Purchase | 2,000 | $153,398 |
| 2026-02-20 | RUSSELL JOHN G. | Director | Sale | 14,914 | $1,129,810 |
| 2026-02-20 | KEYES RICHARD PATRICK | Director | Stock Award | 769 | - |
| 2026-02-20 | LEOPOLD DIANE | Director | Stock Award | 769 | - |
| 2026-01-29 | HAYES REJJI P | Chief Financial Officer | Stock Award | 33,144 | - |
HAYES REJJI P
Chief Financial Officer
2026-03-26
6,316 shares
ROCHOW GARRICK J
Chief Executive Officer
2026-03-26
19,681 shares
HOFMEISTER BRANDON J
Officer
2026-03-26
2,863 shares
JOHNSON SHAUN M
Officer
2026-03-26
3,284 shares
MCINTOSH SCOTT B.
Officer
2026-03-26
1,028 shares
BERRY TONYA L
Chief Operating Officer
2026-03-26
2,021 shares
SNYDER LAUREN Y
Officer
2026-03-26
674 shares
MCINTOSH SCOTT B.
Officer
2026-03-02
1,750 shares
·
$136,859
HOFMEISTER BRANDON J
Officer
2026-02-27
2 shares
HOFMEISTER BRANDON J
Officer
2026-02-27
4,000 shares
·
$312,940
LEOPOLD DIANE
Director
2026-02-25
2,000 shares
·
$153,398
RUSSELL JOHN G.
Director
2026-02-20
14,914 shares
·
$1,129,810
KEYES RICHARD PATRICK
Director
2026-02-20
769 shares
LEOPOLD DIANE
Director
2026-02-20
769 shares
HAYES REJJI P
Chief Financial Officer
2026-01-29
33,144 shares
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
14 analysts
Truist Securities
2026-04-21
Buy
B of A Securities
2026-04-21
Buy
Buy
BMO Capital
2026-04-17
Outperform
Outperform
BMO Capital
2026-04-13
Outperform
Outperform
Barclays
2026-04-08
Overweight
Overweight
Keybanc
2026-03-02
Overweight
Overweight
Barclays
2026-02-23
Overweight
Overweight
BMO Capital
2026-02-09
Outperform
Outperform
Mizuho
2026-02-06
Neutral
Neutral
Morgan Stanley
2026-02-02
Equal-Weight
Equal-Weight
Past News Coverage
Recent headlines mentioning CMS from our newsroom.
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