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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
09/18/2026: CMS (1-star) is currently NOT-A-BUY. Pass it for now.
CMS Energy Corporation is a regulated utility that provides essential electric and natural gas services primarily within Michigan. The company’s core strength lies in its stable, rate-regulated business model, which offers investors a reliable defensive play. Its main investment narrative is built on long-term infrastructure modernization and a deliberate shift toward renewable energy sources, supported by a constructive regulatory environment. Key risks include heavy capital expenditure requirements, sensitivity to regulatory rate outcomes, and physical infrastructure vulnerability to severe weather. CMS Energy is generally well-suited for long-term dividend and income-oriented investors seeking lower volatility, though it requires ongoing monitoring of its regulatory and capital deployment effectiveness.
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 | Utility stocks typically offer moderate earnings growth rather than the high growth profiles sought by this style. |
| Momentum investor | Mixed fit | This is a low-beta defensive stock; momentum signals are often conditional on broader sector rotation. |
| Value investor | Mixed fit | The valuation is often tied to regulatory outlooks rather than deep-value discrepancies. |
| Dividend investor | Strong fit | CMS offers a consistent dividend track record suitable for long-term income-focused portfolios. |
| Low-risk investor | Strong fit | Regulated utility business models provide lower volatility compared to the broader equity market. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | As a regulated utility, the stock price generally exhibits lower beta than the overall market. |
| Valuation risk | Medium | Utility valuations are sensitive to interest rate environments and bond yield competition. |
| Competition risk (Regulatory environment) | Medium | The primary competition risk is unfavorable regulatory rate-making decisions in Michigan. |
| Business quality | Strong | The company benefits from a protected, essential service franchise in its core operating region. |
| Dividend income | Strong | The company has a long history of reliable dividend distributions. |
| Execution risk | Medium | Large-scale infrastructure projects and the clean energy transition require effective project management. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 0.44% | Avg. Invested days 44 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/18/2026 |
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 20.76B USD | Price to earnings Ratio 19.82 | 1Y Target Price 78.83 |
Price to earnings Ratio 19.82 | 1Y Target Price 78.83 | ||
Volume (30-day avg) 3.3M shares | Beta 0.33 | 52 Weeks Range 65.14 - 79.10 | Updated Date 09/18/2026 |
52 Weeks Range 65.14 - 79.10 | Updated Date 09/18/2026 | ||
Dividends yield (FY) 3.37% | Basic EPS (TTM) 3.34 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Electric Utility | Generation, transmission, and distribution services. | Steady income derived from essential electricity services provided to homes and businesses. |
| Natural Gas Utility | Natural gas distribution and storage. | Reliable cash flow from heating and industrial gas supply services. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 19.82 | Forward PE 15.95 | Enterprise Value 39.98B | Price to Sales(TTM) 2.36 |
Enterprise Value 39.98B | Price to Sales(TTM) 2.36 | ||
Enterprise Value to Revenue 4.54 | Enterprise Value to EBITDA 12.11 | Shares Outstanding 313.58M | Shares Floating 311.47M |
Shares Outstanding 313.58M | Shares Floating 311.47M | ||
Percent Insiders 0.55 | Percent Institutions 103.67 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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.
About CMS Energy Corporation
Exchange NYSE | Headquarters Jackson, MI, United States | ||
IPO Launch date 1984-12-31 | President, CEO & Director Mr. Garrick J. Rochow | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 8350 | Website https://www.cmsenergy.com |
Full time employees 8350 | Website https://www.cmsenergy.com | ||
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.
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