CMS
Neutral signalScored 2026-10-06 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.
Research, not advice.
À propos
CMS Energy Corporation
- Nom
- CMS Energy Corporation
- Secteur
- Utilities
- Industrie
- Regulated Electric
- Bourse
- NYSE
- Capitalisation
- $21.8B
- Employés
- 8,350
- PDG
- Garrick J. Rochow
- Site web
- https://www.cmsenergy.com
- Marché
- CMS-PBCNPDTEDUKEIXETR
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 (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Decouvert par les declarations du Congres
- Insiders
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- Total bought
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Avg buy (VWAP, 90d window) $72.45 vs last close —
- Total sold
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Avg sell (VWAP, 90d window) —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- —
- Last synced
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2026-10-06 10:56:08
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-07-31 | MADDIPATI SRIKANTH | Buy · P | 200 | $72.45 | $14,491 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
| Date | Member | Side | Amount range | Filing |
|---|---|---|---|---|
| 2026-09-25 | Ro Khanna | Buy | $1,001 - $15,000 | Filing |
| 2025-12-08 | Julie Johnson | Buy | $1,001 - $15,000 | Filing |
| 2025-12-08 | Julie Johnson | Buy | $1,001 - $15,000 | Filing |
| 2025-12-07 | Julie Johnson | Buy | $1,001 - $15,000 | Filing |
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-01-29 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2025-12-18 | Julie Johnson | Sale (Full) | $1,001 - $15,000 |
| 2025-12-09 | Julie Johnson | Sale (Full) | $1,001 - $15,000 |
| 2025-12-08 | Julie Johnson | Sale (Full) | $1,001 - $15,000 |
| 2025-12-08 | Julie Johnson | Purchase | $1,001 - $15,000 |
| 2025-11-13 | Julie Johnson | Sale (Partial) | $1,001 - $15,000 |
| 2025-10-30 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2025-10-30 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2025-10-30 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2025-08-14 | Julie Johnson | Sale (Partial) | $1,001 - $15,000 |
| 2024-05-20 | Ro Khanna | Purchase | $50,001 - $100,000 |
| 2023-06-08 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-05-31 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2021-02-16 | Peter Meijer | Sale (Full) | $1,001 - $15,000 |
| 2021-01-28 | Peter Meijer | Sale (Partial) | $1,001 - $15,000 |
| 2020-08-27 | John Yarmuth | Sale (Partial) | $1,001 - $15,000 |
| 2020-03-23 | Zoe Lofgren | Sale (Full) | $1,001 - $15,000 |
| 2020-02-20 | Mikie Sherrill | Sale (Full) | $1,001 - $15,000 |
| 2019-09-19 | John Henry Rutherford | Sale (Full) | $1,001 - $15,000 |
| 2018-07-24 | John Henry Rutherford | Purchase | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-10-06 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.
CMS presents a weak overall profile combining constrained financials (score: 40/45) with a near-absent event catalyst (score: 20), yielding no actionable setup for event-driven positioning.
The first sentence of the analysis written for CMS on 2026-10-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Unavailable or mixed. No open-market purchase or sale value stored
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Unavailable or mixed. Current ratio 0.98 · operating margin 20% — readings disagree
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 60.9% | 42.7% | 38.4% | 32.1% | 36.1% | |
| Ebit Margin | 23.9% | 24.4% | 21.4% | 16.5% | 18.1% | |
| Ebitda Margin | 37.3% | 40.9% | 37.2% | 29.6% | 33.3% | |
| Operating Profit Margin | 20.2% | 19.8% | 16.6% | 14.2% | 15.6% | |
| Pretax Profit Margin | 14.6% | 14.9% | 12.8% | 10.5% | 11.2% | |
| Continuous Operations Profit Margin | 11.7% | 12.6% | 10.8% | 9.4% | 9.9% | |
| Net Profit Margin | 12.5% | 13.3% | 11.9% | 9.7% | 18.5% | |
| Bottom Line Profit Margin | 12.4% | 13.2% | 11.8% | 9.6% | 18.4% | |
| Current Ratio | 0.979 | 0.792 | 0.981 | 1.150 | 1.192 | |
| Quick Ratio | 0.756 | 0.574 | 0.657 | 0.776 | 0.889 | |
| Solvency Ratio | 0.072 | 0.083 | 0.081 | 0.083 | 0.114 | |
| Cash Ratio | 0.173 | 0.029 | 0.078 | 0.055 | 0.205 | |
| Price To Earnings Ratio | 19.810 | 19.955 | 19.292 | 22.299 | 13.959 | |
| Price To Earnings Growth Ratio | 3.482 | 1.820 | 3.223 | -0.571 | 0.184 | |
| Forward Price To Earnings Growth Ratio | 3.482 | 1.820 | 3.223 | -0.571 | 0.184 | |
| Price To Earnings Diluted Ratio | 19.810 | 20.015 | 19.292 | 22.221 | 13.959 | |
| Price To Earnings Diluted Growth Ratio | 3.298 | 1.883 | 3.436 | -0.572 | 0.182 | |
| Price To Book Ratio | 2.299 | 2.410 | 2.242 | 2.614 | 2.835 | |
| Price To Sales Ratio | 2.461 | 2.639 | 2.266 | 2.133 | 2.565 | |
| Price To Free Cash Flow Ratio | -13.228 | -30.610 | -18.582 | -12.070 | -73.150 | |
| Price To Operating Cash Flow Ratio | 9.404 | 8.369 | 7.324 | 21.443 | 10.335 | |
| Debt To Assets Ratio | 0.469 | 0.462 | 0.467 | 0.457 | 0.435 | |
| Debt To Equity Ratio | 2.071 | 2.016 | 2.077 | 2.044 | 1.885 | |
| Debt To Capital Ratio | 0.674 | 0.668 | 0.675 | 0.672 | 0.653 | |
| Long Term Debt To Capital Ratio | 0.661 | 0.649 | 0.658 | 0.652 | 0.645 | |
| Financial Leverage Ratio | 4.417 | 4.365 | 4.443 | 4.469 | 4.336 | |
| Working Capital Turnover Ratio | -21.162 | -19.098 | 38.071 | 19.738 | -59.344 | |
| Operating Cash Flow Ratio | 0.630 | 0.673 | 0.798 | 0.286 | 0.825 | |
| Operating Cash Flow Sales Ratio | 0.262 | 0.315 | 0.309 | 0.099 | 0.248 | |
| Free Cash Flow Operating Cash Flow Ratio | -0.711 | -0.273 | -0.394 | -1.777 | -0.141 | |
| Debt Service Coverage Ratio | 1.682 | 1.474 | 1.537 | 1.506 | 2.674 | |
| Interest Coverage Ratio | 2.189 | 2.100 | 1.921 | 2.358 | 2.292 | |
| Short Term Operating Cash Flow Coverage Ratio | 2.331 | 1.887 | 2.162 | 0.770 | 4.838 | |
| Operating Cash Flow Coverage Ratio | 0.118 | 0.143 | 0.147 | 0.060 | 0.145 | |
| Capital Expenditure Coverage Ratio | 0.584 | 0.785 | 0.717 | 0.360 | 0.876 | |
| Dividend Paid And Capex Coverage Ratio | 0.498 | 0.650 | 0.608 | 0.293 | 0.704 | |
| Dividend Payout Ratio | 0.619 | 0.624 | 0.653 | 0.652 | 0.376 | |
| Enterprise Value Multiple | 12.345 | 11.827 | 11.650 | 12.764 | 12.659 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 60.9% | ▲18.2% | ▲18.9% |
| Ebit Margin | 23.9% | ▼-0.5% | ▲3.0% |
| Ebitda Margin | 37.3% | ▼-3.5% | ▲1.7% |
| Operating Profit Margin | 20.2% | ▲0.4% | ▲2.9% |
| Pretax Profit Margin | 14.6% | ▼-0.3% | ▲1.8% |
| Continuous Operations Profit Margin | 11.7% | ▼-0.9% | ▲0.8% |
| Net Profit Margin | 12.5% | ▼-0.8% | ▼-0.7% |
| Bottom Line Profit Margin | 12.4% | ▼-0.8% | ▼-0.7% |
| Current Ratio | 0.979 | ▲0.186 | ▼-0.040 |
| Quick Ratio | 0.756 | ▲0.182 | ▲0.025 |
| Solvency Ratio | 0.072 | ▼-0.010 | ▼-0.014 |
| Cash Ratio | 0.173 | ▲0.144 | ▲0.065 |
| Price To Earnings Ratio | 19.810 | ▼-0.145 | ▲0.747 |
| Price To Earnings Growth Ratio | 3.482 | ▲1.662 | ▲1.855 |
| Forward Price To Earnings Growth Ratio | 3.482 | ▲1.662 | ▲1.855 |
| Price To Earnings Diluted Ratio | 19.810 | ▼-0.205 | ▲0.751 |
| Price To Earnings Diluted Growth Ratio | 3.298 | ▲1.416 | ▲1.653 |
| Price To Book Ratio | 2.299 | ▼-0.112 | ▼-0.181 |
| Price To Sales Ratio | 2.462 | ▼-0.178 | ▲0.049 |
| Price To Free Cash Flow Ratio | -13.228 | ▲17.382 | ▲16.300 |
| Price To Operating Cash Flow Ratio | 9.404 | ▲1.035 | ▼-1.971 |
| Debt To Assets Ratio | 0.469 | ▲0.007 | ▲0.011 |
| Debt To Equity Ratio | 2.071 | ▲0.055 | ▲0.052 |
| Debt To Capital Ratio | 0.674 | ▲0.006 | ▲0.006 |
| Long Term Debt To Capital Ratio | 0.661 | ▲0.012 | ▲0.008 |
| Financial Leverage Ratio | 4.417 | ▲0.052 | ▲0.011 |
| Working Capital Turnover Ratio | -21.162 | ▼-2.064 | ▼-12.803 |
| Operating Cash Flow Ratio | 0.630 | ▼-0.043 | ▼-0.013 |
| Operating Cash Flow Sales Ratio | 0.262 | ▼-0.054 | ▲0.015 |
| Free Cash Flow Operating Cash Flow Ratio | -0.711 | ▼-0.438 | ▼-0.052 |
| Debt Service Coverage Ratio | 1.683 | ▲0.208 | ▼-0.092 |
| Interest Coverage Ratio | 2.189 | ▲0.089 | ▲0.017 |
| Short Term Operating Cash Flow Coverage Ratio | 2.331 | ▲0.444 | ▼-0.067 |
| Operating Cash Flow Coverage Ratio | 0.118 | ▼-0.025 | ▼-0.005 |
| Capital Expenditure Coverage Ratio | 0.585 | ▼-0.201 | ▼-0.080 |
| Dividend Paid And Capex Coverage Ratio | 0.498 | ▼-0.152 | ▼-0.052 |
| Dividend Payout Ratio | 0.619 | ▼-0.005 | ▲0.034 |
| Enterprise Value Multiple | 12.345 | ▲0.517 | ▲0.096 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $21.02B | $19.84B | $16.91B | $18.33B | $18.80B | |
| Enterprise value | $39.34B | $36.32B | $32.35B | $32.51B | $30.85B | |
| EV / Sales | 4.61x | 4.83x | 4.34x | 3.78x | 4.21x | |
| EV / Op. cash flow | 17.60x | 15.33x | 14.01x | 38.02x | 16.96x | |
| EV / Free cash flow | -24.76x | -56.05x | -35.55x | -21.40x | -120.04x | |
| EV / EBITDA | 12.35x | 11.83x | 11.65x | 12.76x | 12.66x | |
| Net debt / EBITDA | 5.75x | 5.37x | 5.56x | 5.57x | 4.95x | |
| Current ratio | 0.98x | 0.79x | 0.98x | 1.15x | 1.19x | |
| Income quality | 2.09x | 2.36x | 2.61x | 1.03x | 2.42x | |
| Graham number | $49 | $46 | $42 | $40 | $49 | |
| Graham net-net | -$95 | -$87 | -$82 | -$75 | -$69 | |
| Tax burden | 85.8% | 89.3% | 93.0% | 92.8% | 164.4% | |
| Interest burden | 61.3% | 61.3% | 59.7% | 63.5% | 62.2% | |
| Working capital | -$76.0M | -$731.0M | -$56.0M | $448.0M | $423.0M | |
| Invested capital | $30.63B | $26.75B | $25.04B | $23.19B | $22.80B | |
| Return on assets | 2.7% | 2.8% | 2.6% | 2.7% | 4.7% | |
| Operating ROA | 4.5% | 4.3% | 3.8% | 4.1% | 3.9% | |
| Return on tangible assets | 2.7% | 2.8% | 2.6% | 2.7% | 4.7% | |
| Return on equity | 11.7% | 12.2% | 11.8% | 11.9% | 20.4% | |
| Return on invested capital | 3.7% | 3.7% | 3.3% | 3.7% | 3.8% | |
| Return on capital employed | 4.7% | 4.6% | 4.0% | 4.3% | 4.3% | |
| Earnings yield | 5.1% | 5.1% | 5.2% | 4.6% | 7.2% | |
| Free cash flow yield | -7.6% | -3.3% | -5.4% | -8.3% | -1.4% | |
| Capex / Op. cash flow | 171.1% | 127.3% | 139.4% | 277.7% | 114.1% | |
| Capex / Depreciation | 292.8% | 243.4% | 272.8% | 210.8% | 186.4% | |
| Capex / Sales | 44.8% | 40.2% | 43.1% | 27.6% | 28.3% | |
| SG&A / Sales | 40.7% | 0.0% | 0.0% | 0.0% | 0.0% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Intangibles / Total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Days sales outstanding | 57d | 52d | 46d | 67d | 47d | |
| Days payables outstanding | 154d | 93d | 64d | 59d | 69d | |
| Operating cycle | 143d | 117d | 121d | 137d | 99d | |
| Cash conversion cycle | -10d | 24d | 56d | 78d | 30d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-10-04 Peter Thiel Was an Early Outside Investor in Facebook and Co-Founded Both PayPal and Palantir Before Building a Hedge Fund Now Concentrated in Power and Energy Stocks. Here''s What That Track Record Says About Following His Contrarian Bets. Peter Thiel has scored some big wins as a tech investor and company founder, but that doesn''t mean everything he touches will turn to gold.
- 2026-10-01 CMS Energy (NYSE:CMS) Reaches New 1-Year Low – Time to Sell? CMS Energy Corporation (NYSE: CMS - Get Free Report)''s stock price reached a new 52-week low during trading on Tuesday. The stock traded as low as $62.29 and last traded at $62.9570, with a volume of 164696 shares. The stock had previously closed at $62.60. Analyst Upgrades and Downgrades Several research firms recently issued reports on
- 2026-09-23 Labcorp: The CMS Selloff Represents An Excellent Opportunity - Strong Buy Labcorp shares dropped sharply after CMS released preliminary 2027 lab-payment rates, aligning Medicare rates closer to private insurers and targeting $1B annual savings. I see the selloff as overdone, with market fears exaggerated by a misunderstanding of the CMS report''s impact on LH''s bottom line. The proposed cuts only affect Medicare''s Clinical Laboratory Fee Schedule, with annual reimbursement reductions capped at 15% and final rates pending.
- 2026-09-23 CMS Energy (NYSE:CMS) Sets New 52-Week Low – Here’s Why CMS Energy Corporation (NYSE: CMS - Get Free Report) hit a new 52-week low during trading on Wednesday. The company traded as low as $64.19 and last traded at $64.2480, with a volume of 4446236 shares changing hands. The stock had previously closed at $64.70. Wall Street Analysts Forecast Growth Several equities analysts recently weighed
- 2026-09-17 CMS Energy (NYSE:CMS) Hits New 52-Week Low – What’s Next? Shares of CMS Energy Corporation (NYSE: CMS - Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $65.67 and last traded at $65.9950, with a volume of 2050103 shares. The stock had previously closed at $65.92. Analyst Ratings Changes Several research firms have commented on CMS.
- 2026-09-17 CMS Energy Corporation $CMS Shares Sold by Corient Private Wealth LP Corient Private Wealth LP reduced its stake in CMS Energy Corporation (NYSE: CMS) by 5.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,623 shares of the utilities provider''s stock after selling 8,599 shares during the quarter. Corient Private Wealth LP''s holdings
- 2026-09-08 CMS Energy: Snatch Up This Future Dividend Aristocrat Now CMS Energy remains positioned to become a Dividend Aristocrat early next decade. The regulated utility topped the analyst consensus for both operating revenue and adjusted EPS in the second quarter. CMS Energy possesses a BBB S&P credit rating with a stable outlook.
- 2026-09-08 Nykredit A S Buys New Position in CMS Energy Corporation $CMS Nykredit A S bought a new stake in CMS Energy Corporation (NYSE: CMS) in the undefined quarter, according to its most recent disclosure with the SEC. The fund bought 17,941 shares of the utilities provider''s stock, valued at approximately $1,372,000. A number of other institutional investors and hedge funds also recently bought and
- 2026-09-03 CMS(867.HK/8A8.SG): Innovative Drug Lumirix® Approved in China for Additional Indication of Atopic Dermatitis (AD) SHENZHEN, CHINA, Sept. 03, 2026 (GLOBE NEWSWIRE) -- China Medical System Holdings Limited (“CMS” or the “Group”) is pleased to announce that its subsidiary, Dermavon Holdings Limited (“Dermavon”, an innovative pharmaceutical company specialized in skin health which is applying for a separate listing on the Main Board of The Stock Exchange of Hong Kong Limited) received the approval from the National Medical Products Administration of China (NMPA) for the New Drug Application (NDA) of ruxolitinib phosphate cream (Lumirix®) for the treatment of mild to moderate atopic dermatitis (“AD”) on 2 September 2026. The drug registration certificate was obtained on 3 September 2026. The product is indicated for the topical short-term and non-continuous chronic treatment of mild to moderate atopic dermatitis in non-immunocompromised adult and pediatric patients 2 years of age and older whose disease is not adequately controlled with topical prescription therapies or when those therapies are not advisable.
- 2026-08-29 Peter Thiel''s Fund Reported Zero Stocks for 2 Straight Quarters. Its $419 Million Comeback Put 72% Into Energy and Power. The fund reported nothing for six months. Its comeback filing lists one tech stock and seven energy bets.