CMS Energy Corporation (CMS) fair value analysis
S&P 500 · Updated 2026-10-19
CMS price how computed
Forward Fair Value verdict
UndervaluedCMS is trading at a 10–25% discount to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $65.49
- Sector
- Utilities
- 12-month range
- $62.60–$79.94
- Market cap
- $20.5B
- From 52-week high
- -18.1%
- Shares outstanding
- 314M
- Rank in Utilities by discount to fair value
- #8 of 36
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
CMS Energy Corporation is a utility company that generates, purchases, and distributes electricity and natural gas to residential, commercial, and industrial customers. The company operates primarily in Michigan through its subsidiaries, serving customers across the state's Lower and Upper Peninsulas.
CMS currently ranks #8 of 36 Utilities stocks by discount to fair value. It has screened as Undervalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $20.5B
- P/E (trailing)
- 19x
- Revenue (TTM)
- $8.81B
- Net margin
- 11.6%
- EPS (TTM)
- $3.38
- Gross margin
- 63.1%
- Debt / equity
- 1.97
- Revenue growth (3-yr avg)
- 3.1%
- Shares outstanding
- 314M
Derived indicators how computed
- Quality grade
- F
- Margin trend
- Expanding
- 52-week position
- The bottom quarter of its range
Technicals how computed
- RSI (14-day)
- 67 · neutral
- 50-day average
- $67.05
- 200-day average
- $72.63
- Moving-average state
- 50-day below 200-day (death cross state); price below both averages
Dividends how computed
- Paid, last 12 months
- $2.62 per share (5 payments)
- Yield on last price
- 4.00%
- Consecutive years of increases
- 2
- Last ex-dividend date
- 2026-08-07
- Last payment date
- 2026-09-01
Earnings how computed
- Next earnings report
- 2026-10-27 (pre-market)
- Last 8 quarters vs consensus
- 6 beat, 0 missed
- Quarter by quarter
- 2026-06 ▬ met (0.0%)
2026-03 ▲ beat (+2.7%)
2025-12 ▲ beat (+1.1%)
2025-09 ▲ beat (+8.1%)
2025-06 ▲ beat (+4.4%)
2025-03 ▲ beat (+1.0%)
2024-12 ▬ met (0.0%)
2024-09 ▲ beat (+7.7%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 7 buy · 8 hold · 0 sell (15 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $76.1
- Target vs last price
- +16.2%
What our data shows for CMS
- Our model validated 17 trailing price-to-earnings windows for CMS, built from quarterly earnings records.
- Shares are trading in the lower third of their 12-month price range of $62.60–$79.94.
- The 14-day relative strength index sits at a neutral 67.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for CMS
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent CMS news
TickrTrends' derived news-sentiment signal for CMS is currently leaning positive, computed from recent coverage.
- CMS Energy (CMS) Declares Quarterly Dividend of $0.57 per Share (gurufocus.com, 2026-10-19)
TickrTrends take: CMS Energy's declaration of a quarterly dividend demonstrates the company's commitment to returning capital to shareholders, which is a characteristic often associated with mature utility companies that generate stable cash flows. Given TickrTrends' current assessment that CMS trades at an undervalued level, the dividend sustainability and growth trajectory warrant monitoring as key factors in evaluating whether the current valuation reflects the company's true earnings power and dividend-paying capacity. Utility sector investors typically scrutinize dividend coverage ratios and payout trends to assess whether dividend levels are supported by underlying business fundamentals. - CMS Energy declares $0.57 dividend (NYSE:CMS) (seekingalpha.com, 2026-10-19)
TickrTrends take: CMS Energy's dividend declaration reflects the company's commitment to returning capital to shareholders, which is a characteristic typically associated with mature, cash-generative utilities. Given TickrTrends' undervalued assessment, investors monitoring the stock should track whether the company can sustain this dividend level while maintaining the operational efficiency and regulatory outcomes that support the undervaluation thesis. The dividend's sustainability and any future adjustments will be important indicators of whether the current valuation discount appropriately reflects CMS Energy's fundamental strength in the Utilities sector. - CMS Energy: Snatch Up This Future Dividend Aristocrat Now (NYSE:CMS) (seekingalpha.com, 2026-09-08)
TickrTrends take: CMS Energy trades at a valuation that TickrTrends currently assesses as undervalued, which may be relevant for investors tracking the Utilities sector. The headline's reference to the company's dividend trajectory deserves attention from income-focused investors, particularly given how dividend growth patterns can influence long-term valuation assessments. For valuation-focused readers, monitoring whether CMS's dividend reliability and growth continue as expected will be important to tracking whether the current undervalued assessment holds over time.
What people are saying
Follow the CMS conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — TickrTrends' derived indicators for CMS show a shift this week as the relative strength index moved from oversold territory into neutral zone. The stock in the Utilities sector maintains an undervalued status according to current valuation metrics. This technical improvement suggests a potential stabilization in price momentum following the previous oversold conditions.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — CMS Energy's RSI indicator moved from neutral territory into oversold zone this week, suggesting increased selling pressure in the stock. The Utilities sector company maintains an undervalued valuation verdict based on TickrTrends' derived indicators.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is CMS stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), CMS is trading at a 10–25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.
What is CMS's TickrTrends verdict?
CMS's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.
How does CMS compare to other Utilities stocks?
CMS ranks #8 of 36 Utilities stocks in TickrTrends' coverage by discount to fair value.
Is CMS overbought or oversold?
CMS's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does CMS pay a dividend?
Yes. CMS paid $2.62 per share over the last twelve months (5 payments), a 4.00% yield on TickrTrends' last price, and has raised the annual total for 2 consecutive years. The last ex-dividend date was 2026-08-07.
When does CMS report earnings next?
CMS's next earnings report is scheduled for 2026-10-27 (pre-market), per the published earnings calendar.
Does CMS usually beat earnings estimates?
Over its last 8 reported quarters CMS beat the consensus estimate 6 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about CMS?
Of 15 analysts covering CMS, 7 rate it a buy, 8 a hold and 0 a sell - hold-leaning, with a consensus price target of $76.1 (+16.2% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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