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Also trades as: CMS (NYSE) · $vol 256M · 0HR4.L (LSE) · $vol 0M

CMS-PC NYSE

CMS Energy Corporation
1W: -2.0% 1M: -3.7% 3M: -4.6% YTD: -11.0% 1Y: -17.4% 3Y: -3.9% 5Y: -19.3%
$15.74
-0.27 (-1.69%)
 
Weekly Expected Move ±2.0%
$15 $16 $16 $16 $17
NYSE · Utilities · Regulated Electric · Tech Score Neutral · Power 48 · $21.4B mcap · 311M float · 0.010% daily turnover
Credit Risk of going bust: lower than 84% of companies Debt: 37.8% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.37 (down 98%), CMS Energy Corporation would be worth roughly what it owes.
Total debt $13.15B against a stock market value of $21.65B.
Distance to default 10.82 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $6.58B (short-term plus half of long-term), stock volatility 17.7%; Altman Z'' 36.95. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Smart Money Score
Watch 25
Insider—
Congress—
ETF Holdings—
Key Statistics
Market Cap$21.4B
52W Range15.31-19.36
Volume32,500
Avg Volume31,882
Beta0.34
Dividend$1.05
Analyst Ratings
13 Buy 9 Hold 0 Sell
Consensus Buy
Company Info
CEOGarrick J. Rochow
Employees8,350
SectorUtilities
IndustryRegulated Electric
IPO Date2021-06-28
One Energy Plaza
Jackson, MI 49201
US
517 788 0550
About CMS Energy Corporation

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.

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Recent Insider Trades

NameTypeSharesPriceDate
Wright Laura A-Award 2,411 — 2026-05-08
TANSKI RONALD J A-Award 2,411 — 2026-05-08
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Sznewajs John G A-Award 2,411 — 2026-05-08

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