In the last three months, 9 analysts have published ratings on CMS Energy (NYSE:CMS), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 2 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated CMS Energy and provided 12-month price targets. The average target is $77.44, accompanied by a high estimate of $81.00 and a low estimate of $74.00. A 2.25% drop is evident in the current average compared to the previous average price target of $79.22.

An in-depth analysis of recent analyst actions unveils how financial experts perceive CMS Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Anthony Crowdell | Mizuho | Raises | Neutral | $76.00 | $73.00 |
| Stephen Byrd | Morgan Stanley | Raises | Equal-Weight | $75.00 | $74.00 |
| Julien Dumoulin-Smith | Jefferies | Raises | Buy | $81.00 | $79.00 |
| Shahriar Pourreza | Wells Fargo | Lowers | Equal-Weight | $74.00 | $77.00 |
| Julien Dumoulin-Smith | Jefferies | Lowers | Buy | $79.00 | $82.00 |
| Jeremy Tonet | JP Morgan | Raises | Overweight | $81.00 | $80.00 |
| Nicholas Campanella | Barclays | Lowers | Overweight | $74.00 | $82.00 |
| Ross Fowler | UBS | Lowers | Neutral | $77.00 | $81.00 |
| Jeremy Tonet | JP Morgan | Lowers | Overweight | $80.00 | $85.00 |
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of CMS Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on CMS Energy analyst ratings.
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: CMS Energy's revenue growth over a period of 3M has been noteworthy. As of 30 September, 2025, the company achieved a revenue growth rate of approximately 15.95%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.61%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): CMS Energy's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.27%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.73%, the company showcases effective utilization of assets.
Debt Management: CMS Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.09.
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.