NYSE · CMSUtilitiesElectric, Gas & Water Utilities

CMS Energy Corporation (CMS)

$70.98+1.40%
Close Nov 4, 2026 · split-adjusted
Nov 2, 2026$70.76▼ 2.39% in range
Nov 3, 2025Low $62.60 · High $79.94Nov 2, 2026
What changed · written from our data
As of Nov 4, 2026

CMS Energy closed at $70.98 on Nov 4, up 1.40%, 11.2% below its 52-week closing high. Volume of 4.6M shares was 1.12× its 20-day average (close to normal).

Split-adjusted performance: +9.1% over one month, -4.1% over six months, -2.1% over one year.

In the quarter ended Sep 30, 2026, revenue was $2.18B, up 8.0% from a year earlier, with a net margin of 5.5%.

Short interest was 18.3M shares at the Oct 15 settlement, up 5.4% from the prior report (5.9% of float, 4.4 days to cover).

Market cap$22.26B313.6M shares
Revenue · quarter$2.18B+8.0% YoY
Diluted EPS$0.39−57.6% YoY
P/E · TTM25.8×P/S 2.5×
Net margin5.5%Gross 63.0%
Dividend yield3.21%$0.57 last paid
52-week range62.60 – 79.94−11.2% from high
Volume4.6M1.12× 20-day avg
Volatility · 60d16.5%Annualised
Short % of float5.9%4.4 days to cover
Net cash-$19.76BCash $451.0M
Next earnings—Not scheduled
Split-adjusted performance
1W +4.1%1M +9.1%3M −0.3%6M −4.1%YTD +1.5%1Y −2.1%3Y +31.2%5Y +17.6%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Electric, Gas & Water Utilities

Percentile among 119 companies (100 = best)

6-month momentum41
Revenue growth57
Net margin27
Value (low P/E)21
Size70

Industry medians: 6-month return −1.0%, revenue growth +6.9%, net margin 12.0%, P/E 21.1×.

Short interest

Details →
Shares short18.3M+5.4% vs prior
Days to cover4.4Settled Oct 15
% of float5.9%
Short vol. 10d74.1%of daily volume

Closest peers by size in Electric, Gas & Water Utilities

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
CMSCMS Energy$70.98+1.40%−4.1%+8.0%5.5%25.8$22.26B
NINiSource$45.29+1.50%−4.7%+6.0%9.6%23.0$21.72BCompare
EIXEdison International$61.48+3.12%−10.6%−15.0%14.8%6.5$23.66BCompare
EVRGEvergy$86.21+0.89%+6.4%+4.4%14.3%21.5$19.88BCompare
LNTAlliant Energy$73.77+2.29%+2.0%+6.2%31.0%20.5$19.13BCompare
ESEversource Energy$70.46+2.07%+2.8%+2.3%1.8%18.3$26.54BCompare
PPLPPL$35.72+0.03%−3.1%+4.2%10.9%21.2$26.88BCompare
CNPCenterPoint Energy$41.04−3.50%−3.0%+10.2%15.1%23.6$27.20BCompare
FEFirstEnergy$47.18−0.02%+3.6%+9.9%12.2%22.7$27.31BCompare

Quick answers

What does CMS Energy do?
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan.
What is CMS's market cap?
$22.26B, based on the Nov 4 close of $70.98.
What is CMS's P/E ratio?
25.8× trailing-twelve-month earnings of $862M.
Does CMS Energy pay a dividend?
Yes. The latest regular dividend was $0.57 per share (ex-date Aug 7), an annualised yield of 3.21%.
How much of CMS is sold short?
18.3M shares, 5.9% of float, as of Oct 15, 2026.
What sector is CMS in?
Utilities, in the Electric, Gas & Water Utilities industry.

About CMS Energy

CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.

HQ: Jackson, MI8,350 employeesListed Jun 1, 1972cmsenergy.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology