Market Cap
$19.9B
CMS
CMS ENERGY CORP
$64.31 ▲ +1.05%
Prev close $63.64Market cap$19.9B
ConsensusHold
12-mo target$77.92 (+21.2%)
▲ Bullish
Analyst conviction 6/10
Insider Selling Cluster (4 insiders)36 New Institutional Positions14 Institutional Exits Traditional Energy
Snapshot
The big-picture read on CMS right now — valuation, ownership and activity at a glance.
Cap Size
Large Cap
Analyst Consensus
Buy (57%)
Inst. Holders
50 funds
Inst. Value
$19.5B
Inst. Activity
36 buys / 14 sells
Insider Activity
$167.9K buy / $1.8M sell
Insider Net $
-$1.6M
Social Sentiment
75° Bullish
SEC Reports
8
Congressional
2 trades
Price chart 30d -5.5%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 1, 2026 short_volume
Short Volume: CMS — 58.2% short (1.0M / 1.8M)
Short: 1,021,795 | Exempt: 1,288 | TRF Vol: 1,754,879 | Short Ratio: 58.2% | Off-exchange volume (da
Jul 31, 2026 Insider
Jul 28, 2026 SEC MADDIPATI SRIKANTH bought 200 shares
EVP/CFO @ $72.46 ($14.5K)
CMS Energy reported Q2 2026 adjusted EPS of $0.37, slightly beating the $0.36 consensus estimate, but down sharply from
8-K — Impact 6/10
Jun 30, 2026 Inst.
WELLINGTON MANAGEMENT GROUP LLP — ADD
12,158,296 shares ($930.1M)
Jun 30, 2026 Inst.
AMERIPRISE FINANCIAL INC — ADD
6,461,250 shares ($494.0M)
Jun 15, 2026 Insider
MADDIPATI SRIKANTH was granted 10,184 shares
EVP/CFO
Jun 5, 2026 Event
Jun 3, 2026 SEC Rosa Eyleen Flynn v. American Airlines/Sedgwick CMS
Court ruling from District Court of Appeal of Florida. Docket: 1D2026-1099
CMS Energy announced the retirement of CFO Rejji P. Hayes, effective June 3, 2026, and the appointment of Sri Maddipati
8-K — Impact 3/10
Analyst ratings buy % +0.0%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
57% rate it Buy or better · 21 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 18, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Sep 15, 2026 | Jefferies | MAINTAIN | Hold | 53% |
| Sep 8, 2026 | BMO Capital | MAINTAIN | Outperform | 53% |
| Aug 26, 2026 | Argus Research | REITERATE | Buy | 54% |
| Aug 21, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Aug 4, 2026 | Truist Securities | MAINTAIN | Buy | 55% |
| Jul 29, 2026 | Mizuho | MAINTAIN | Neutral | 52% |
| Jul 23, 2026 | Keybanc | DOWNGRADE | Sector Weight | 52% |
| Jul 22, 2026 | BMO Capital | MAINTAIN | Outperform | 53% |
| Jul 20, 2026 | BMO Capital | MAINTAIN | Outperform | 53% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 3 | 9 | 9 | 0 | 0 | 57% | |
| Aug 1, 2026 | 3 | 9 | 10 | 0 | 0 | 55% | |
| Jul 1, 2026 | 3 | 9 | 10 | 0 | 0 | 55% | |
| Jun 1, 2026 | 4 | 9 | 9 | 0 | 0 | 59% | |
| May 1, 2026 | 4 | 9 | 9 | 0 | 0 | 59% | |
| Apr 1, 2026 | 4 | 8 | 9 | 0 | 0 | 57% | |
| Mar 1, 2026 | 4 | 8 | 9 | 0 | 0 | 57% | |
| Feb 1, 2026 | 4 | 8 | 9 | 0 | 0 | 57% |
Price targets
Where 12 covering analysts think CMS trades over the next 12 months.
$77.92 +21.2% upside Strong Buy
Current$64.31 Low$68.00 Median$77.50 High$86.00 12 analysts
$68.00$86.00
Analyst rating Buy· 2.3/5 as of Oct 2, 2026
Social media sentiment mood +0.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
75°
Bullish
BearishNeutralBullish
Recent posts
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▲ 1 · 💬 1· ⚡ 0.5
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▲ 1 · 💬 2· ⚡ 0.5
$LASE shamefully not spoken enough about
▲ 1 · 💬 0· ⚡ 0.5
LASE still a sleeper and shamefully unspoken about
▲ 1 · 💬 1· ⚡ 0.5
DO NOT MISS THIS! CMS GOT CAUGHT CHEATING. CLOVER HEALTH JUST WON $120M.
▲ 1 · 💬 0· ⚡ 0.5
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
8 SEC filing reports analyzed · 0 bullish, 1 bearish, 1 mixed, 6 neutral · avg impact 3.9/10.
MIXED8-K6/10
CMS Energy reported Q2 2026 adjusted EPS of $0.37, slightly beating the $0.36 consensus estimate, bu
Jul 28, 2026
NEUTRAL8-K3/10
CMS Energy announced the retirement of CFO Rejji P. Hayes, effective June 3, 2026, and the appointme
Jun 3, 2026
NEUTRAL8-K3/10
CMS Energy entered into a new equity distribution agreement to sell up to $3 billion of common stock
May 13, 2026
BEARISH424B56/10
CMS Energy has filed a prospectus supplement for an at-the-market (ATM) common stock offering of up
May 13, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 1, 2026
short_volume
Short Volume: CMS — 58.2% short (1.0M / 1.8M)
Short: 1,021,795 | Exempt: 1,288 | TRF Vol: 1,754,879 | Short Ratio: 58.2% | Off-exchange volume (dark pool + OTC)
Sep 30, 2026
short_volume
Short Volume: CMS — 61.8% short (0.8M / 1.4M)
Short: 841,002 | Exempt: 582 | TRF Vol: 1,360,959 | Short Ratio: 61.8% | Off-exchange volume (dark pool + OTC)
Sep 17, 2026
short_volume
Short Volume: CMS — 55.9% short (0.7M / 1.2M)
Short: 676,125 | Exempt: 1,540 | TRF Vol: 1,209,396 | Short Ratio: 55.9% | Off-exchange volume (dark pool + OTC)
Sep 14, 2026
short_volume
Short Volume: CMS — 58.5% short (0.8M / 1.3M)
Short: 755,181 | Exempt: 2,248 | TRF Vol: 1,290,635 | Short Ratio: 58.5% | Off-exchange volume (dark pool + OTC)
Sep 11, 2026
short_volume
Short Volume: CMS — 58.6% short (0.6M / 1.1M)
Short: 645,614 | Exempt: 833 | TRF Vol: 1,102,212 | Short Ratio: 58.6% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $1.12 | $0.98–$1.27 | 20.9% | -1.1% | 4↑ 3↓ | $2.2B | 10 |
| Next Q | $1.25 | $1.10–$1.43 | 31.7% | +0.6% | 4↑ 3↓ | $2.3B | 10 |
| Current FY | $3.87 | $3.85–$3.89 | 7.2% | -0.0% | 0↑ 6↓ | $9.0B | 14 |
| Next FY | $4.16 | $4.12–$4.19 | 7.3% | -0.0% | 0↑ 10↓ | $9.4B | 15 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $1.124 | — |
| 7d ago | $1.137 | -0.013 |
| 30d ago | $1.137 | -0.013 |
| 60d ago | $1.109 | +0.015 |
| 90d ago | $1.061 | +0.063 |
Institutional ownership
Which big funds own CMS (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $19.5B total value (254,953,773 shares) as of 2026-Q2. Top holders: Erste, BlackRock,, VANGUARD. Net buying activity: 36 institutions added/increased vs 14 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| Erste Asset Management GmbH | 0 | $0.00 | 0.0% | — |
| BlackRock, Inc. | 33,068,880 | $2.5B | 12.9% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 20,166,948 | $1.5B | 7.9% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 19,050,893 | $1.5B | 7.5% | — |
| STATE STREET CORP | 17,705,946 | $1.4B | 6.9% | — |
| JPMORGAN CHASE & CO | 16,409,389 | $1.3B | 6.5% | — |
| WELLINGTON MANAGEMENT GROUP LLP | 12,158,296 | $930.1M | 4.8% | ADD +82.7% |
| GEODE CAPITAL MANAGEMENT, LLC | 8,740,533 | $666.1M | 3.4% | — |
| DEUTSCHE BANK AG\ | 8,082,021 | $618.3M | 3.2% | — |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 7,882,550 | $603.0M | 3.1% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP | ADD | 6,655,944 | 12,158,296 | +82.7% | $930.1M |
| AMERIPRISE FINANCIAL INC | ADD | 4,930,577 | 6,461,250 | +31.0% | $494.0M |
| Capital International Investors | NEW | — | 5,302,655 | — | $405.7M |
| NORGES BANK | NEW | — | 4,837,123 | — | $370.0M |
| BARCLAYS PLC | TRIM | 2,995,363 | 2,175,714 | -27.4% | $166.4M |
| RAYMOND JAMES FINANCIAL INC | DOUBLED | 371,555 | 1,704,029 | +358.6% | $130.4M |
| BALYASNY ASSET MANAGEMENT L.P. | DOUBLED | 478,520 | 1,426,976 | +198.2% | $109.2M |
| PFA Pension, Forsikringsaktieselskab | NEW | — | 1,241,557 | — | $95.0M |
| HSBC HOLDINGS PLC | DOUBLED | 490,194 | 1,191,547 | +143.1% | $91.3M |
| Quantinno Capital Management LP | ADD | 408,213 | 711,608 | +74.3% | $54.4M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
19 insiders, 42 transactions. Net -$1.6M — $167.9K bought, $1.8M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | MADDIPATI SRIKANTH | EVP/CFO | BUY | 200 | $72.46 | $14.5K |
| Jun 15, 2026 | MADDIPATI SRIKANTH | EVP/CFO | AWARD | 10,184 | — | — |
| May 26, 2026 | Hofmeister Brandon J. | Senior Vice President | SELL | 3,000 | $74.31 | $222.9K |
| May 8, 2026 | SHANK SUZANNE F. | Director | AWARD | 2,411 | — | — |
| May 8, 2026 | Soto Myrna | Director | AWARD | 2,411 | — | — |
| May 8, 2026 | Keyes Richard Patrick | Director | AWARD | 2,411 | — | — |
| May 8, 2026 | Wright Laura | Director | AWARD | 2,411 | — | — |
| May 8, 2026 | Butler Deborah H | Director | AWARD | 2,411 | — | — |
| May 8, 2026 | Leopold Diane | Director | AWARD | 2,411 | — | — |
| May 8, 2026 | IZZO RALPH | Director | AWARD | 2,411 | — | — |
Congressional trades
CMS trades disclosed by members of Congress, with disclosure delay.
1 members · 1 buys / 1 sells
| Date | Member | Party | Chamber | Type | Amount | Asset | Disclosed |
|---|---|---|---|---|---|---|---|
| Dec 8, 2025 | Julie Johnson | D | HOUSE | BUY | $1,001 - $15,000 | CMS Energy Corp | Aug 6, 2026(242d) |
| Dec 8, 2025 | Julie Johnson | D | HOUSE | SELL | $1,001 - $15,000 | CMS Energy Corp | Aug 6, 2026(242d) |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for CMS.
Shares short
16,354,988
Settlement Sep 15, 2026
Change vs prior
+3.9%
Semi-monthly cycle
Days to cover
5.6
At avg daily volume
Of shares outstanding
≈5.2%
Estimate — not % of float
All CMS filing & press-release reports (8)
- 8-K reportJul 28, 2026
- 8-K reportJun 3, 2026
- 8-K reportMay 13, 2026
- 424B5 reportMay 13, 2026
- 8-K reportApr 28, 2026
- DEFA14A reportApr 1, 2026
- CLUSTER reportMar 4, 2026
- CLUSTER reportMar 2, 2026