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CMS Energy Corporation (CMS)

Utilities | Utilities - Regulated Electric | Jackson, United States | NYSE
68.21 USD -0.14 (-0.205%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 68.78 +0.57 (0.829%) ⇧ (Aug. 28, 2026, 7:50 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★★★☆
Hot Take | Aug. 22, 2026, 1:25 a.m. EDT

CMS Energy presents a compelling case for income-focused investors, offering a robust 3.27% yield backed by a sustainable payout ratio of roughly 67%. The company's fundamentals are sound, evidenced by a nine-year cumulative gain of nearly 70% and a consistent track record of positive annual returns recently, avoiding any multi-year structural decline. While the statistical forecast model hints at minor near-term weakness and the stock trades below its 50-day moving average, the underlying business quality and the attractive dividend make it a solid core holding. The options market reflects a cautious sentiment, with sellers protecting downside while buyers bet on a stabilization near current levels.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.026545
AutoARIMA0.026581
MSTL0.027560
AutoTheta0.033786

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 60%
H-stat 0.75
Ljung-Box p 0.000
Jarque-Bera p 0.634
Excess Kurtosis -0.69
Attribute Value
Sector Utilities
Ex Dividend Date 2026-08-06
Last Dividend Date 2026-08-06
Debt to Equity Ratio 185.604
Revenue per Share 28.862
Market Cap 21,071,407,104
Trailing P/E 20.55
Forward P/E 16.41
Beta 0.34
Profit Margins 11.64%
Website https://www.cmsenergy.com

As of Aug. 22, 2026, 1:25 a.m. EDT: Speculators are positioning for a modest rebound with heavy call volume at the $70 strike for September expiration, suggesting a belief that the recent dip is temporary. However, put open interest remains significantly higher than call open interest across all expirations, particularly in the December timeframe, indicating a defensive floor is being established around the current lows rather than a breakout expectation.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.80% 3.08% 3.17% 3.11%
Dividend History
Date Dividend Yield %
2026-08-07 0.570 0.802478
2026-05-08 0.570 0.785016
2026-02-17 0.570 0.749605
2025-11-07 0.543 0.741499
2025-08-08 0.543 0.738977
2025-05-09 0.543 0.751245
2025-02-14 0.543 0.789130
2024-11-13 0.515 0.760821
2024-08-02 0.515 0.778887
2024-05-14 0.515 0.825453
2024-02-09 0.515 0.918331
2023-11-02 0.488 0.879121
2023-08-03 0.488 0.836332
2023-05-04 0.488 0.796215
2023-02-10 0.488 0.794659
2022-11-03 0.460 0.808436
2022-08-04 0.460 0.670456
2022-05-05 0.460 0.681683
2022-02-10 0.460 0.736236
2021-11-04 0.435 0.724758
2021-08-05 0.435 0.688182
2021-05-06 0.435 0.675151
2021-02-04 0.435 0.765037
2020-11-05 0.408 0.633147
2020-08-06 0.408 0.660729
2020-05-14 0.408 0.750414
2020-02-06 0.408 0.606061
2019-10-31 0.383 0.599187
2019-08-01 0.383 0.649263
2019-05-02 0.383 0.701722
2019-01-31 0.383 0.734561
2018-11-01 0.358 0.736474
2018-08-02 0.358 0.748484
2018-05-03 0.358 0.770389
2018-02-15 0.358 0.818473
2017-11-02 0.333 0.692020
2017-08-02 0.333 0.713979
2017-05-03 0.333 0.740329
2017-02-01 0.333 0.790598
2016-11-02 0.310 0.758503
2016-08-03 0.310 0.702470
2016-05-04 0.310 0.749698
2016-02-03 0.310 0.786004
2015-11-04 0.290 0.810056
2015-08-05 0.290 0.860279
2015-05-06 0.290 0.874548
2015-02-04 0.290 0.785057
2014-11-05 0.270 0.813008
2014-07-30 0.270 0.918055
2014-04-30 0.270 0.890795
2014-02-05 0.270 1.005212
2013-10-30 0.255 0.929300
2013-07-31 0.255 0.911040
2013-05-01 0.255 0.865874
2013-02-06 0.255 0.993377
2012-10-31 0.240 0.986842
2012-08-01 0.240 0.992966
2012-05-02 0.240 1.061477
2012-02-08 0.240 1.102941
2011-11-02 0.210 1.031434
2011-08-03 0.210 1.122394
2011-05-04 0.210 1.055276
2011-02-03 0.210 1.081917
2010-11-03 0.210 1.150055
2010-08-04 0.150 0.933998
2010-05-05 0.150 0.956023
2010-02-04 0.150 1.007387
2009-11-04 0.125 0.949127
2009-08-06 0.125 0.979624
2009-05-06 0.125 1.037344
2009-02-04 0.125 1.079447
2008-11-05 0.090 0.860421
2008-08-06 0.090 0.675676
2008-05-07 0.090 0.613915
2008-02-06 0.090 0.575448
2007-11-07 0.050 0.309215
2007-08-08 0.050 0.302115
2007-05-08 0.050 0.268384
2007-02-05 0.050 0.293427
2002-11-06 0.180 2.059497
2002-08-08 0.180 1.918977
2002-05-03 0.365 1.802469
2002-02-05 0.365 1.678161
2001-11-05 0.365 1.622944
2001-08-03 0.365 1.448988
2001-05-03 0.365 1.253004
2001-02-05 0.365 1.227303
2000-10-31 0.365 1.351852
2000-08-08 0.365 1.380615
2000-04-28 0.365 1.921053
2000-02-04 0.365 1.791411
1999-11-01 0.365 0.981513
1999-09-15 0.365 0.983165
1999-07-29 0.365 0.970100
1999-04-29 0.330 0.750000
1999-01-29 0.330 0.770803
1998-10-30 0.330 0.748936
1998-08-03 0.330 0.771930
1998-04-30 0.300 0.686695
1998-01-30 0.300 0.704846
1997-10-30 0.300 0.824742
1997-07-31 0.300 0.810811
1997-05-01 0.270 0.847059
1997-01-31 0.270 0.805970
1996-11-06 0.270 0.857143
1996-08-06 0.270 0.874494
1996-05-06 0.240 0.842105
1996-02-06 0.240 0.764940
1995-11-06 0.240 0.872727
1995-08-04 0.240 0.964824
1995-05-02 0.210 0.918033
1995-02-02 0.210 0.884211
1994-11-01 0.210 0.938547
1994-08-02 0.210 0.913043
1994-05-03 0.180 0.813559
1994-02-02 0.180 0.742268
1993-10-26 0.180 0.682464
1993-08-03 0.180 0.699029
1993-05-04 0.120 0.542373
1993-02-01 0.120 0.619355
1992-10-27 0.120 0.705882
1992-07-28 0.120 0.700730
1992-04-28 0.120 0.793388
1992-01-28 0.120 0.640000
1991-10-29 0.120 0.685714
1991-07-30 0.120 0.548571
1991-04-30 0.120 0.432432
1991-01-31 0.120 0.410256
1990-10-30 0.120 0.468293
1990-07-31 0.100 0.317460
1990-05-01 0.100 0.343348
1990-01-30 0.100 0.306513
1989-11-01 0.100 0.291971
1973-04-13 0.500 1.785714
Additional Data
dividendRate 2.28
dividendYield 3.34
exDividendDate 2026-08-07
trailingAnnualDividendRate 2.225
trailingAnnualDividendYield 0.032553036
lastDividendValue 0.57
lastDividendDate 2026-08-07
dividendDate 2026-09-01

Info Dump

Attribute Value
52 Week Change -0.039488494
Address1 One Energy Plaza
All Time High 80.36
All Time Low 3.41
Ask 68.04
Ask Size 400
Audit Risk 3
Average Analyst Rating 2.3 - Buy
Average Daily Volume10 Day 3,264,990
Average Daily Volume3 Month 3,677,459
Average Volume 3,677,459
Average Volume10Days 3,264,990
Beta 0.339
Bid 68.09
Bid Size 200
Board Risk 6
Book Value 30.453
City Jackson
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 68.21
Current Ratio 0.936
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 68.77
Day Low 67.94
Debt To Equity 185.604
Display Name CMS Energy
Dividend Date 1,788,220,800
Dividend Rate 2.28
Dividend Yield 3.34
Earnings Call Timestamp End 1,785,247,200
Earnings Call Timestamp Start 1,785,247,200
Earnings Growth -0.439
Earnings Quarterly Growth -0.403
Earnings Timestamp 1,785,241,800
Earnings Timestamp End 1,793,277,000
Earnings Timestamp Start 1,793,277,000
Ebitda 3,017,999,872
Ebitda Margins 0.34245
Enterprise To Ebitda 13.684
Enterprise To Revenue 4.686
Enterprise Value 41,298,096,128
Eps Current Year 3.87168
Eps Forward 4.15683
Eps Trailing Twelve Months 3.32
Esg Populated 0
Ex Dividend Date 1,786,060,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 73.1614
Fifty Day Average Change -4.9514008
Fifty Day Average Change Percent -0.06767777
Fifty Two Week Change Percent -3.9488494
Fifty Two Week High 80.36
Fifty Two Week High Change -12.150002
Fifty Two Week High Change Percent -0.15119465
Fifty Two Week Low 67.9
Fifty Two Week Low Change 0.30999756
Fifty Two Week Low Change Percent 0.0045655016
Fifty Two Week Range 67.9 - 80.36
Financial Currency USD
First Trade Date Milliseconds 99,153,000,000
Five Year Avg Dividend Yield 3.0
Float Shares 311,473,033
Forward Eps 4.15683
Forward P E 16.40914
Free Cashflow -2,198,874,880
Full Exchange Name NYSE
Full Time Employees 8,350
Fullday Change -0.139999
Fullday Change Percent -0.204827
Fullday Price 68.7755
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.40315
Gross Profits 3,552,999,936
Has Pre Post Market Data 1
Held Percent Insiders 0.00546
Held Percent Institutions 1.03838
Implied Shares Outstanding 308,919,602
Industry Utilities - Regulated Electric
Industry Disp Utilities - Regulated Electric
Industry Key utilities-regulated-electric
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=101338&p=irol-IRhome
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,786,060,800
Last Dividend Value 0.57
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name CMS Energy Corporation
Market us_market
Market Cap 21,071,407,104
Market State CLOSED
Max Age 86,400
Message Board Id finmb_257682
Most Recent Quarter 1,782,777,600
Net Income To Common 1,016,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 21,432,997,245
Number Of Analyst Opinions 12
Open 68.76
Operating Cashflow 2,148,000,000
Operating Margins 0.17167999
Overall Risk 1
Payout Ratio 0.6692
Peg Ratio 2.65
Phone 517 788 0550
Post Market Change 0.56549835
Post Market Change Percent 0.8290549
Post Market Price 68.7755
Post Market Time 1,787,961,011
Previous Close 68.35
Price Eps Current Year 17.617674
Price Hint 2
Price To Book 2.239845
Price To Sales Trailing12 Months 2.3909461
Profit Margins 0.11642
Quick Ratio 0.413
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.26667
Region US
Regular Market Change -0.139999
Regular Market Change Percent -0.204827
Regular Market Day High 68.77
Regular Market Day Low 67.94
Regular Market Day Range 67.94 - 68.77
Regular Market Open 68.76
Regular Market Previous Close 68.35
Regular Market Price 68.21
Regular Market Time 1,787,947,202
Regular Market Volume 2,176,145
Return On Assets 0.02971
Return On Equity 0.09158
Revenue Growth -0.005
Revenue Per Share 28.862
Sand P52 Week Change 0.20504117
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 1
Shares Outstanding 308,919,602
Shares Percent Shares Out 0.0
Shares Short 8,913
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 13,179
Short Name CMS Energy Corporation
Short Percent Of Float 0.0
Short Ratio 0.0
Source Interval 15
State MI
Symbol CMS
Target High Price 87.0
Target Low Price 68.0
Target Mean Price 79.58333
Target Median Price 80.0
Total Cash 241,000,000
Total Cash Per Share 0.769
Total Debt 19,300,999,168
Total Revenue 8,812,999,680
Tradeable 0
Trailing Annual Dividend Rate 2.225
Trailing Annual Dividend Yield 0.032553036
Trailing Eps 3.32
Trailing P E 20.545181
Trailing Peg Ratio 2.6395
Triggerable 1
Two Hundred Day Average 73.71535
Two Hundred Day Average Change -5.505348
Two Hundred Day Average Change Percent -0.07468388
Type Disp Equity
Volume 2,176,145
Website https://www.cmsenergy.com
Zip 49,201