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CMS Energy Corporation

CMS · NYSE

Market open$73.76$-0.635000 (-0.85%)

Key statistics

Previous close$74.39
Open$75.34
Day high$75.90
Day low$73.60
52-week high$80.36
52-week low$68.64
Market cap22.78B
Volume2.61M
Average volume3.22M
P/E ratio19.83
Forward P/E—
EPS3.72
Dividend yield+3.02%

Market context

Why it moved

CMS Energy shares edged higher after Jefferies raised its price target on the stock, reflecting reset expectations, while KeyBanc reiterated an Overweight rating suggesting the recent pullback presents a compelling buying opportunity for investors.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026CMS Energy is edging lower as investors weigh a wave of analyst price target increases against near-term earnings headwinds ahead of its July 23 Q2 report. BMO Capital raised its target to $86 (from $81, Outperform) and JPMorgan lifted its target to $85 (from $82, Overweight) this week, while Jefferies also raised its target to $78 but flagged that a July storm consumed the company's single-event weather cushion, pressuring Q2 EPS estimates to ~$0.35 vs. the $0.68 Street consensus. The broader utilities sector (XLU) is also pulling back today, adding to headwinds.

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July 17, 2026CMS Energy edged higher during Thursday's session before slipping slightly in after-hours trading, as a flurry of analyst activity dominated the narrative ahead of its Q2 2026 earnings due July 23. JPMorgan raised its price target to $85 (from $82) while maintaining Overweight, and Jefferies lifted its target to $78 (from $74) but kept a Hold rating, citing a likely Q2 EPS reset to ~$0.35 vs. consensus of $0.68 — driven by a non-recurring gain, weather impacts, and a July storm that consumed the company's storm cushion. Datacenter initiative progress remains limited and the NorthStar matter unresolved, tempering near-term sentiment even as the broader utility sector benefits from defensive positioning.

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July 16, 2026CMS Energy closed modestly lower amid a broader utilities sector pullback, with the XLU ETF also declining on the day, even as the S&P 500 held near 52-week highs. Analyst sentiment remains constructive: Barclays raised its price target to $81 (from $79) while maintaining an Overweight rating, and Truist reiterated its Buy with an $85 target. However, UBS flagged that Q2 earnings may be weighed down by unfavorable weather, adding near-term caution ahead of the upcoming earnings report. The consensus sits at Moderate Buy with a $81+ average target, reflecting confidence in CMS's $24B capex plan and 6–8% EPS growth outlook through 2031.

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July 15, 2026CMS Energy edged lower, underperforming the broader market as the S&P 500 closed slightly higher following a cooler-than-expected June CPI print. The pullback came despite a bullish analyst catalyst: Barclays raised its price target on CMS Energy to $81 from $79 while maintaining an Overweight rating, and Truist Securities bumped its target to $85 earlier in the week. Analysts consensus remains constructive, with a mean price target of ~$80 implying roughly 6% upside, supported by the company's $24B capex plan and 6–8% EPS growth outlook through 2031. Utilities broadly faced mild pressure as the softer inflation reading boosted risk appetite and rotated flows toward growth assets, with the XLU sector ETF also pulling back.

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July 14, 2026CMS Energy edged up modestly, outperforming a broadly weaker utilities sector as investors weighed a fresh analyst endorsement — the stock was named a top pick by a portfolio manager at IA Global Asset Management on BNN Bloomberg — alongside ongoing scrutiny of storm costs and regulatory developments. Severe July 4 weekend storms in Michigan, a recent leadership change at subsidiary Consumers Energy, and a pending major rate case filing have kept the stock under close watch, while data center-driven electricity demand growth in Michigan is seen as a longer-term earnings catalyst. DCF-based fair value estimates range from roughly $70 to $80, leaving CMS viewed as close to fairly valued, even as the broader market faced headwinds from renewed U.S.-Iran tensions and rising oil prices.

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July 11, 2026CMS Energy edged higher, outperforming the XLU utilities ETF, as investors position ahead of the company's Q2 2026 earnings report scheduled for July 28. Analysts project full-year EPS of $3.87, up ~7% year-over-year, with an average price target of $80.80 implying further upside. The regulated utility's steady Michigan-focused business model and Consumers Energy's ESG momentum—having surpassed its land-restoration goal of 6,500 acres ahead of schedule—continue to underpin long-term appeal amid broader sector tailwinds from AI-driven electricity demand growth.

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July 10, 2026CMS Energy shares fell amid a cautious analyst note from UBS Securities warning that Q2 earnings are likely to be weighed down by April storms, unfavorable weather, and the absence of tender gains — projecting Q2 EPS of $0.36, well below the $0.71 reported a year ago and the FactSet consensus of $0.76. UBS maintains a neutral rating with an $83 price target. The decline also unfolded against a broader macro headwind, as renewed U.S.-Iran military exchanges reignited inflation fears and pressured rate-sensitive utility stocks, with the sector ETF (XLU) also closing lower.

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July 9, 2026CMS Energy closed modestly lower as a broader risk-off session weighed on utility stocks, with the XLU sector ETF also declining amid escalating Middle East tensions after President Trump declared the U.S.-Iran peace framework 'over,' sending oil prices surging over 5% and lifting Treasury yields. Investors are also eyeing the company's upcoming Q2 2026 earnings call scheduled for July 28, while Consumers Energy's announcement of surpassing its land-restoration goal offers a positive ESG narrative ahead of results.

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Ad Hoc News · July 17, 2026CMS Energy stock holds steady as regulated earnings underpin valuationmarketscreener.com · July 17, 2026BMO Capital Adjusts Price Target on CMS Energy to $86 From $81, Maintains Outperform RatingMarketWatch · July 16, 2026CMS Energy Corp. stock outperforms competitors despite losses on the dayInvesting.com · July 16, 2026Jefferies raises CMS Energy stock price target on reset expectationsMoomoo · July 16, 2026Jefferies Adjusts Price Target on CMS Energy to $78 From $74, Maintains Hold RatingGuruFocus · July 14, 2026CMS Maintained by Barclays -- Price Target Raised to $81.00Seeking Alpha · July 14, 2026Plug This 3% Yield In, Light Up Your Portfolio's Returns: CMS Energy (NYSE:CMS)TradingView · July 7, 2026CMS Energy to Announce 2026 Second Quarter Results on July 28
Mt Newswire · July 17, 2026BMO Capital Adjusts Price Target on CMS Energy to $86 From $81, Maintains Outperform Rating
Benzinga · July 16, 2026JP Morgan Maintains Overweight on CMS Energy, Raises Price Target to $85
Mt Newswire · July 16, 2026Jefferies Adjusts Price Target on CMS Energy to $78 From $74, Maintains Hold Rating
Mt Newswire · July 16, 2026JPMorgan Adjusts Price Target on CMS Energy to $85 From $82, Maintains Overweight Rating
Mt Newswire · July 14, 2026Barclays Adjusts CMS Energy Price Target to $81 From $79, Maintains Overweight Rating
Benzinga · July 14, 2026Barclays Maintains Overweight on CMS Energy, Raises Price Target to $81
Mt Newswire · July 9, 2026CMS Energy's Q2 Earnings Likely Weighed Down by Unfavorable Weather, UBS Securities Says
Benzinga · June 4, 2026Jefferies Downgrades CMS Energy to Hold, Lowers Price Target to $74

Peers

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