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CMS - CMS Energy Corporation

Utilities

Price History

About

Industry

Utilities - Regulated Electric

Employees

8,350

Headquarters

United States


Company Overview

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.

Price

$77.58

52-Week Range

$68 $79

Dividend Yield

2.95%

Dividend Score

B

Dividend

Yield 2.95%
Annual $2.28
Payout 62%
5Y Avg 2.98%

Valuation

P/E (TTM) 22.0
Fwd P/E 18.6
P/B 2.67
PEG 2.65

Profitability

Profit Margin 12.5%
Op Margin 21.7%
ROE 10.9%
ROA 3.1%

Financial Health

Current Ratio 0.98
Quick Ratio 0.52
Debt/Equity 195%

Cash Flow

Free CF $-1.7B
Op CF $2.2B
Total Cash $509M

Analyst Consensus

Buy

13 analysts

Target: $80 $66 - $87
+2.6% implied

Dividend Growth

Most Recent Annual Growth

5.44%

3-Year Avg Growth

5.69%

5-Year Avg Growth

5.89%

Annual Dividends

Year-over-Year Growth

Recent Dividend History

Ex-Dividend Date Amount
Feb 17, 2026 $0.5700
Nov 07, 2025 $0.5430
Aug 08, 2025 $0.5430
May 09, 2025 $0.5430
Feb 14, 2025 $0.5430
Nov 13, 2024 $0.5150
Aug 02, 2024 $0.5150
May 14, 2024 $0.5150
Feb 09, 2024 $0.5150
Nov 02, 2023 $0.4880
Aug 03, 2023 $0.4880
May 04, 2023 $0.4880
Feb 10, 2023 $0.4880
Nov 03, 2022 $0.4600
Aug 04, 2022 $0.4600
May 05, 2022 $0.4600
Feb 10, 2022 $0.4600
Nov 04, 2021 $0.4350
Aug 05, 2021 $0.4350
May 06, 2021 $0.4350

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