CMS
CMS Energy
Utilities · Multi-Utilities · US
$72.04
Data: 2025-12-31
✗ ETHICAL FAIL

MODERATE MOAT
HIGH
Data Confidence: 100.0%
Key Metrics

How this company measures up on the fundamentals that matter

Market Cap
$22.4B
Total market value of the company
Trailing P/E
20.10
Premium valuation
Forward P/E
17.40
Based on estimated future earnings — lower means cheaper
Rev Growth
+11.6%
Year-over-year revenue change
Profit Margin
0.0%
How much profit the company keeps from each dollar of revenue
ROE
10.4%
Return on equity — how efficiently it uses shareholder money
Analyst Target
$81.36
+13% from current price — median analyst estimate
Recommendation
BUY
Consensus view from 14 analysts covering this stock
About CMS Energy

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.

https://www.cmsenergy.com

Country: United States Employees: 8,350 Industry: Utilities - Regulated Electric
Ethical Screening

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Business Activity
PASS
Core business does not involve prohibited activities
Debt Ratio
47.3% FAIL
Debt must be below 33% of total assets
Cash Ratio
0.2% PASS
Interest-bearing cash below 33% of assets
Receivables
4.5% PASS
Receivables below 49% of assets
Revenue Purity
0.6% PASS
Non-compliant revenue below 5% — any excess requires purification
Valuation
Fair Value Est.
$83.00
What our model estimates this business is worth per share
Margin of Safety
13.2%
Slight discount to fair value
Rating
AVOID
Overall assessment combining ethics, valuation, and quality
Percentile
46.1th
Ranks in the top 54% of our 13,571 screened universe
Ethical Score
10.0
Valuation Score
67.0
Quality Score
46.0
Combined
38.5

Trading at $73 against a fair value of $83, a 13% discount. Moderate competitive position. Fails ethical screen (Debt ratio). Ranks better than 12% of screened stocks.

Quantitative Intelligence

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

Regime
DISTRIBUTION
Smart money appears to be selling into strength — caution
Sharpe Ratio
0.850
Good returns relative to risk taken
Kelly Fraction
0.0690
Suggested allocation is meaningful — the edge justifies a position
Calmar Ratio
1.402
Returns exceed worst-case losses — strong risk profile
Annual Return
13.6%
Historical annualised return based on price data
Max Drawdown
-9.7%
Largest peak-to-trough decline — the worst it has been
HMM State
SIDEWAYS
Price consolidating — no clear directional bias
Days in State
1
How long the current regime has persisted — longer means more stable
Market Data

Trading characteristics and market positioning

Beta
0.37
Very low correlation to market moves
52W High
$80.36
10% below the year high
52W Low
$68.37
5% above the year low
Avg Volume
2,926,322
Average daily shares traded — higher means easier to buy and sell
Short Ratio
0.0
Days it would take all short sellers to cover — higher means more crowded
Short % Float
N/A
Div Yield
314.0%
Annual dividend as a percentage of the share price
EPS (TTM)
$3.62
Earnings per share over the last 12 months
Financial Health

Balance sheet strength and cash generation — the foundation of long-term value

Debt/Equity
1.90
Meaningful debt load — monitor closely
Current Ratio
0.84
Below 1 means short-term obligations exceed liquid assets — risk flag
Quick Ratio
0.44
Like current ratio but excludes inventory — stricter test
Gross Margin
40.5%
Revenue left after cost of goods — higher means pricing power
Operating Margin
19.8%
Profit from core operations before interest and tax
Free Cash Flow
$-2,156,000,000
Negative — the business is spending more than it generates
Revenue (TTM)
$8.8B
Total revenue over the last 12 months
Net Income
$1.1B
Profitable — the bottom line is positive
Analyst Coverage
Analysts
14
Target High
$88.00
Target Median
$81.36
Target Low
$66.00
Recent Insider Activity

SEC Form 4 filings — what company insiders are buying and selling

Date Insider Title Type Shares Value
2026-05-08 KEYES RICHARD PATRICK Director 2,411 —
2026-05-08 RUSSELL JOHN G. Director 2,411 —
2026-05-08 SOTO MYRNA M Director 2,411 —
2026-05-08 SHANK SUZANNE F Director 2,411 —
2026-05-08 BUTLER DEBORAH H Director 2,411 —
2026-05-08 LEOPOLD DIANE Director 2,411 —
2026-05-08 TANSKI RONALD J Director 2,411 —
2026-05-08 IZZO RALPH Director 2,411 —
2026-05-08 WRIGHT LAURA H Director 2,411 —
2026-05-08 SZNEWAJS JOHN G Director 2,411 —
Source: SEC Form 4 filings via public data. View all insider activity at
Insider Intelligence
Explore the Ethical Screener View Track Record

Data sourced from public filings and market feeds. Not financial advice. Updated: 2025-12-31

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