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Upturn AI Summary - About
CMS Energy Corporation(CMS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CMS
10/30/2026: CMS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
CMS Energy is a regulated utility company serving a vast majority of Michigan's population with electricity and natural gas. The stock is a classic defensive play, favored by income-oriented investors for its predictable cash flows and consistent dividend history. Its primary growth story involves ongoing capital investment in grid modernization and the transition to renewable energy generation. However, the company faces risks from regulatory lag, potential shifts in state environmental policy, and the significant capital requirements of its utility operations. Overall, CMS Energy provides a stable, low-volatility profile suitable for investors seeking consistent income rather than aggressive capital appreciation.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | CMS Energy is a utility stock providing steady, low-growth returns rather than rapid capital appreciation. |
| Momentum investor | Weak fit | The stock typically exhibits low beta and steady price movement, making it unsuitable for momentum-driven strategies. |
| Value investor | Mixed fit | The company trades based on regulated utility valuation metrics, often making it a defensive rather than purely deep-value play. |
| Dividend investor | Strong fit | The company offers a reliable dividend yield supported by regulated, predictable cash flows. |
| Low-risk investor | Strong fit | As a regulated utility, the stock is generally characterized by lower volatility compared to the broader market. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | Regulated utilities generally exhibit lower sensitivity to broad market fluctuations. |
| Valuation risk | Medium | Utility stocks can face valuation pressure when interest rates rise, as they compete with bonds for income-seeking investors. |
| Competition risk (Regulatory focus) | Low | The primary risk is not direct customer competition but regulatory decisions that impact allowed returns. |
| Business quality | Strong | The company operates in a stable, essential service sector with a regulated monopoly structure. |
| Dividend income | Medium | While consistent, dividend growth is limited by regulatory caps on allowed profit margins. |
| Execution risk | Medium | The company must effectively manage large-scale infrastructure projects to ensure recovery through rate base increases. |
Analysis of Past Performance
Type Stock | Historic Profit 0.15% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/30/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 21.80B USD | Price to earnings Ratio 24.83 | 1Y Target Price 73.85 |
Price to earnings Ratio 24.83 | 1Y Target Price 73.85 | ||
Volume (30-day avg) 4.4M shares | Beta 0.31 | 52 Weeks Range 62.29 - 79.10 | Updated Date 10/30/2026 |
52 Weeks Range 62.29 - 79.10 | Updated Date 10/30/2026 | ||
Dividends yield (FY) 3.30% | Basic EPS (TTM) 2.8 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Regulated Electric Utility | Generation, transmission, and distribution of electricity within Michigan service territories. | This is the company's core income source, derived from state-regulated electricity rates. |
| Regulated Gas Utility | Delivery and storage of natural gas to Michigan customers. | Provides a secondary, stable revenue stream based on regulated gas distribution. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-27 | When Before Market | Estimate 1.34 | Actual 1.44 |
Profitability
Profit Margin 9.72% | Operating Margin (TTM) 2.15% |
Management Effectiveness
Return on Assets (TTM) 3.07% | Return on Equity (TTM) 5.31% |
Valuation
Trailing PE 24.83 | Forward PE 16.47 | Enterprise Value 41.37B | Price to Sales(TTM) 2.43 |
Enterprise Value 41.37B | Price to Sales(TTM) 2.43 | ||
Enterprise Value to Revenue 4.61 | Enterprise Value to EBITDA 14.41 | Shares Outstanding 313.63M | Shares Floating 311.52M |
Shares Outstanding 313.63M | Shares Floating 311.52M | ||
Percent Insiders 0.55 | Percent Institutions 104.44 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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