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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
10/16/2026: CMS (1-star) is currently NOT-A-BUY. Pass it for now.
CMS Energy Corporation is a regulated utility serving the majority of Michigan's population. The stock is a classic defensive play, appealing to dividend-focused investors due to its consistent payouts and stable, monopoly-like business model. The primary investment story centers on the company’s ongoing transition to renewable energy sources, which provides a long-term roadmap for capital investment and growth. Key risks include significant exposure to Michigan-specific economic and weather patterns, as well as the necessity for regular regulatory approval for rate increases. Investors should monitor Michigan regulatory rate-case outcomes and the company's progress on its Clean Energy Plan as primary indicators of performance.
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 | Utilities typically offer modest, predictable growth rather than the high-alpha growth sought by this style. |
| Momentum investor | Weak fit | Utility stocks rarely exhibit the high-volatility, high-uptrend momentum patterns required. |
| Value investor | Mixed fit | The stock often trades at a premium valuation due to its defensive nature, limiting 'bargain' opportunities. |
| Dividend investor | Strong fit | The company provides a reliable, growing dividend stream characteristic of stable regulated utilities. |
| Low-risk investor | Strong fit | Its regulated business model provides lower beta and earnings stability compared to the broader market. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | Utilities are generally defensive stocks with lower sensitivity to short-term market swings. |
| Valuation risk | Medium | High interest rates can compress valuation multiples for utilities. |
| Competition risk (Regulatory) | Medium | As a monopoly, the primary 'competition' is regulatory pressure on rate hikes. |
| Business quality | Strong | The regulated, essential nature of the service provides high revenue certainty. |
| Dividend income | Strong | Long history of stable payouts makes it a staple for income-focused portfolios. |
| Execution risk | Medium | Managing large-scale infrastructure projects successfully is critical to maintaining profit margins. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
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 10/16/2026 |
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 20.99B USD | Price to earnings Ratio 20.1 | 1Y Target Price 75.83 |
Price to earnings Ratio 20.1 | 1Y Target Price 75.83 | ||
Volume (30-day avg) 4.0M shares | Beta 0.31 | 52 Weeks Range 62.29 - 79.10 | Updated Date 10/16/2026 |
52 Weeks Range 62.29 - 79.10 | Updated Date 10/16/2026 | ||
Dividends yield (FY) 3.33% | Basic EPS (TTM) 3.33 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Electric Distribution | Delivering electricity to residential and business customers in Michigan. | The bread and butter of the company, providing stable, recurring monthly bills. |
| Natural Gas Distribution | Transporting and selling gas throughout the service territory. | Provides secondary income, though susceptible to seasonal weather patterns. |
| Geography: Michigan | Operations limited almost entirely to the Lower Peninsula. | Investors must monitor Michigan's state-level economic health and political environment. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 20.1 | Forward PE 15.24 | Enterprise Value 39.09B | Price to Sales(TTM) 2.38 |
Enterprise Value 39.09B | Price to Sales(TTM) 2.38 | ||
Enterprise Value to Revenue 4.44 | Enterprise Value to EBITDA 11.84 | Shares Outstanding 313.58M | Shares Floating 311.47M |
Shares Outstanding 313.58M | Shares Floating 311.47M | ||
Percent Insiders 0.55 | Percent Institutions 103.85 |
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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