Stocktoria
CMS ENERGY CORP CMS
CMS ENERGY CORP (CMS) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the distress zone. It pays a dividend yielding 1.04% (safety: no dividend). FY2025 revenue was $8.5B at a 12.5% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-08-04 | Truist Securities | Buy (main) |
| 2026-07-29 | Mizuho | Neutral (main) |
| 2026-07-23 | Keybanc | Sector Weight (down) |
| 2026-07-22 | BMO Capital | Outperform (main) |
| 2026-07-20 | BMO Capital | Outperform (main) |
| 2026-07-16 | JP Morgan | Overweight (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Transportation & Utilities · percentile among 348 companies
Percentile vs other Transportation & Utilities companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.002 |
| Retained earnings / assets | 0.061 |
| EBIT / assets | 0.043 |
| Equity / liabilities | 0.321 |
Sector peers · similar-size Transportation & Utilities companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| CMS | CMS ENERGY CORP | 5/9 | 0.81 | 22.7 | +13.6% |
| AEE | AMEREN CORP | 2/9 | 0.86 | — | +15.4% |
| WEC | WEC ENERGY GROUP, INC. | 3/9 | 0.93 | — | +14% |
| NI | NISOURCE INC. | 6/9 | 0.62 | 25.3 | +23.5% |
| EVRG | Evergy, Inc. | 3/9 | 0.68 | 23.5 | +2% |
| PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | 6/9 | 1.42 | 19.7 | +18.3% |
| LNT | ALLIANT ENERGY CORP | 5/9 | 1.15 | 24.6 | +9.6% |
All Transportation & Utilities companies →
About CMS ENERGY CORP
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.
FAQ
Is CMS financially healthy?
CMS ENERGY CORP's Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does CMS pay a dividend, and is it safe?
Yes. CMS ENERGY CORP pays a dividend yielding about 1.04% with a None payout ratio, rated “no dividend” for safety.
How profitable is CMS?
In FY2025, CMS ENERGY CORP had a net margin of 12.5% and a return on equity of 11.0%.
Is CMS overvalued or undervalued?
CMS ENERGY CORP trades at about 19.8× trailing earnings — near its 10-year norm (10-year range 13.8×–28.7×, median 21.5×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for CMS?
The average Wall-Street price target for CMS ENERGY CORP is $80.31, about 14.7% above the recent price, from 13 analysts (consensus: buy).
Is CMS a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on CMS ENERGY CORP: a Piotroski F-score of 5/9, an Altman Z″ in the distress zone, a P/E of about 22.7×, a dividend yield of 1.04%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.