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CMS Stock Forecast: CMS Energy Corp. Price Predictions for 2026-2027

Last close, 14 Oct 2026
$67
+0.78% on the day

The 15 Wall Street analysts covering CMS Energy Corp. hold a median 12-month price target of $77 — +15.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 38 of 100 as at 14 Oct 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$20.5B
Ticker Nerd rank
38 / 100
Median analyst target
$77
Analysts covering
15
Revenue$1.8B−0.5% y/y
Operating income$264.0M
Net income$96.0M
Free cash flow−$509.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+2.7%
1M
0.0%
YTD
−2.2%
1Y
−7.3%
From 52W high
−15.1%
From 52W low
+6.7%
$63
$79
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

CMS stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores CMS Energy Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 14 Oct 2026
38 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Volatility
95
Revisions
78
Quality
56
Momentum
49
Growth
49
Accruals
35
Value
35
Issuance
28
Size
10

Volatility (95): The share price has been relatively steady.

Issuance (28): The company has been issuing shares or taking on financing, diluting existing holders.

Size (10): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

CMS stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on CMS, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$65$70$75$80$85Jan 26Apr 26Jul 26Oct 26CMSHigh $86Median $77Low $68

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says15 analysts
7 Buy8 Hold0 Sell
Low $68Median $77High $86

The green dot is the last close — the median target sits +15.2% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 0 moved their price target up and 8 moved it down.

DateFirmActionRatingTarget
6 Oct 2026BMO CapitalMaintainsOutperform$77 → $73
18 Sept 2026Morgan StanleyMaintainsEqual-Weight$79 → $77
18 Sept 2026Morgan StanleyMaintainsEqual-Weight—
15 Sept 2026JefferiesMaintainsHold$78 → $74
15 Sept 2026JefferiesMaintainsHold—
8 Sept 2026BMO CapitalMaintainsOutperform—
8 Sept 2026BMO CapitalMaintainsOutperform$82 → $77
26 Aug 2026Argus ResearchReiteratesBuy$80
26 Aug 2026Argus ResearchReiteratesBuy—
21 Aug 2026Morgan StanleyMaintainsEqual-Weight$80 → $79
21 Aug 2026Morgan StanleyMaintainsEqual-Weight—
4 Aug 2026Truist SecuritiesMaintainsBuy—
4 Aug 2026Truist SecuritiesMaintainsBuy$85 → $81
29 July 2026MizuhoMaintainsNeutral—
29 July 2026MizuhoMaintainsNeutral$78 → $77
23 July 2026KeybancDowngradeSector Weight—
23 July 2026KeybancDowngradeSector Weight—
22 July 2026BMO CapitalMaintainsOutperform$86 → $82
22 July 2026BMO CapitalMaintainsOutperform—
20 July 2026BMO CapitalMaintainsOutperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. CMS appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

CMS vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 14 Oct 2026, CMS Energy Corp. returned −7.3% against +17.5% for the S&P 500, dividends included.

CMS vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120Jan 26Apr 26Jul 26Oct 26CMSS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

CMS analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−0.3%
Analysts raising
1
Analysts cutting
1
Fundamentals

CMS Energy Corp. (CMS) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
19.9×

Cheaper than 37% of US stocks

Price / sales
2.3×

Cheaper than 48% of US stocks

Price / book
2.2×

Cheaper than 40% of US stocks

EV / EBITDA
13.4×

Cheaper than 26% of US stocks

Growth & margins
Revenue growth (YoY)
−0.5%

Higher than 27% of US stocks

Earnings growth (YoY)
−40.3%

Higher than 13% of US stocks

Gross margin
37.7%

Higher than 46% of US stocks

Operating margin
17.2%

Higher than 75% of US stocks

Net margin
11.6%

Higher than 73% of US stocks

Returns & dividend
Return on equity
9.2%

Higher than 61% of US stocks

Return on assets
3.0%

Higher than 65% of US stocks

Dividend yield
3.4%

Higher than 88% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

CMS Energy Corp. (CMS) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • CMS Energy Corp. has a market value of $20.5B and an enterprise value of $40.6B.

  • Revenue in the twelve months to 30 June 2026: $8.8B. The latest quarter shrank 0.5% year on year.

  • Net income over the same four quarters: $887.0M, a 10.1% net margin.

  • Diluted earnings per share, trailing twelve months: $3.31.

  • Free cash flow in the twelve months to 30 June 2026: −$2.1B, after $4.1B of capital spending.

  • CMS Energy Corp. spent $690.0M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 313.6M.

  • Trailing P/E: 19.9×; forward P/E: 16.0× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 3.44%, paying out 67% of earnings.

  • CMS Energy Corp. employs 8,350 people — $1.1M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 15 Oct 2026

Data provided by Twelve Data

Peers

CMS vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelUtilities - Regulated Electric
CompanyMarket capTKN rank
CMSCMS Energy Corp.$20.5B
38
EIXEdison International$21.3B
70
EVRGEvergy, Inc.$19.1B
53
LNTAlliant Energy Corp.$17.4B
32
ESEversource Energy$25.1B
63
PPLPPL Corp.$26.1B
46
CNPCenterPoint Energy, Inc.$26.1B
40

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own CMS Energy Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest CMS news & analysis

Seniors Face an 18% Drop in Highly Rated Medicare Advantage Plans — But Quality Might Not Be the Cause

24/7 Wall Street · 9 Oct 2026neutral

The headline reports an 18% drop in highly rated Medicare Advantage plans, while noting that quality may not explain the decline. The excerpt says rising healthcare spending can coexist with insurers struggling to convert growth into profits, influenced by reimbursement, medical costs, and regulation.

Why it matters — The item concerns healthcare-sector reimbursement, costs, and regulation, but provides no specific connection to CMS Energy, so its relevance to a CMS watcher is limited.

CMS Energy to Announce 2026 Third Quarter Results on October 27

PRNewsWire · 6 Oct 2026neutral

CMS Energy said it will announce its 2026 third-quarter results on October 27 and provide a business and financial outlook during a call at 10:00 a.m.

Why it matters — CMS watchers can use the scheduled results and outlook announcement to follow the company’s upcoming financial update.

CMS Energy: Snatch Up This Future Dividend Aristocrat Now

Seeking Alpha · 8 Sept 2026positive

CMS Energy reported second-quarter results that topped analyst consensus for both operating revenue and adjusted EPS. The regulated utility is positioned to become a Dividend Aristocrat early next decade and holds a BBB S&P credit rating with a stable outlook.

Why it matters — A CMS watcher would care because the earnings beat, solid credit rating, and trajectory toward Dividend Aristocrat status reflect the company's overall financial health and long-term stability.

Why Is CMS Energy (CMS) Down 6.9% Since Last Earnings Report?

Zacks Investment Research · 27 Aug 2026neutral

CMS Energy reported earnings 30 days ago, and its stock has declined 6.9% since that report. The article examines what this performance means and what may come next for the company.

Why it matters — The piece offers CMS watchers an assessment of the company's recent earnings report and the stock's post-earnings movement, which is relevant to tracking its near-term performance.

12 stocks for ‘bottom-fishing' investors looking for cheap growth opportunities

Market Watch · 26 Aug 2026neutral

Market Watch published a list of 12 stocks trading near 52-week lows that analysts expect to recover, citing Dick's Sporting Goods, McDonald's and L3Harris as examples. The article targets "bottom-fishing" investors seeking cheap growth opportunities.

Why it matters — CMS Energy is not mentioned in this article, so it carries no direct relevance to CMS watchers apart from general context about value investing themes.

FAQ

Frequently asked questions about CMS stock

What is the CMS stock price forecast for 2026-2027?

The 15 Wall Street analysts covering CMS Energy Corp. have a median 12-month price target of $77, with estimates ranging from $68 to $86. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is CMS stock a buy right now?

Of the 15 analysts covering CMS Energy Corp., 7 rate it a Buy, 8 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks CMS Energy Corp. 38 out of 100 across roughly 4,600 US stocks as at 14 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank CMS?

As at 14 Oct 2026, CMS Energy Corp. ranks 38 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Volatility (95 of 100).

Will CMS stock go up?

No one can know that. What the data says: the median 12-month target from 15 analysts implies +15.2% from the last close, and Ticker Nerd's factor model ranks CMS Energy Corp. 38 out of 100 as at 14 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the CMS stock forecast for 2030?

No analyst covering CMS Energy Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for CMS are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $68 to $86 over the next 12 months.

How has CMS stock performed over the past year?

CMS Energy Corp. returned -7.3% over the 12 months to 14 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does CMS Energy Corp. do?

CMS Energy Corporation Common Stock is the equity security of CMS Energy Corporation, an energy holding company centered on regulated utility operations. The company’s core businesses include electric utility services, natural gas utility services, and NorthStar Clean Energy, which participates in independent power production and renewable generation.

What is the latest news on CMS?

The most recent item we track (24/7 Wall Street, 9 Oct 2026): "Seniors Face an 18% Drop in Highly Rated Medicare Advantage Plans — But Quality Might Not Be the Cause". The headline reports an 18% drop in highly rated Medicare Advantage plans, while noting that quality may not explain the decline. The excerpt says rising healthcare spending can coexist with insurers struggling to convert growth into profits, influenced by reimbursement, medical costs, and regulation.

Company

About CMS Energy Corp.

CMS Energy Corporation Common Stock is the equity security of CMS Energy Corporation, an energy holding company centered on regulated utility operations. The company’s core businesses include electric utility services, natural gas utility services, and NorthStar Clean Energy, which participates in independent power production and renewable generation. Through its regulated utilities, CMS Energy serves residential, commercial, and industrial customers with electricity and natural gas distribution, transmission, storage, and related energy services. Its clean energy segment adds wholesale power generation and power marketing capabilities, giving the company a diversified role across the U.S. energy market. CMS Energy Corporation Common Stock represents ownership in a business that combines essential utility infrastructure with selective power-generation activities, making it a widely followed utility-sector asset for investors monitoring regulated energy providers and the transition toward cleaner electricity generation.

CEO Mr. Garrick J. Rochow · 8,350 employees · United States · https://www.cmsenergy.com