CMS Energy Corporation (CMS)

CMS Energy Corp.'s stock has experienced positive momentum in the past six months, reaching an all-time high of $78.89. The company reported fiscal year 2025 earnings per share at $3.61, surpassing guidance with 8% year-over-year growth, leading to raised price targets from BMO Capital, KeyBanc, and BofA Securities. Institutional ownership has increased, and CMS Energy has consistently raised its dividend for 19 consecutive years, currently yielding 2.9%.

Demand for CMS Energy's electricity and natural gas is influenced by weather conditions. Higher demand for natural gas occurs during colder periods, with 53% of the natural gas supplied to customers during winter months sourced from storage. Electricity demand likely fluctuates with seasonal temperature changes, increasing during hot summers and cold winters.

CMS Energy Corporation is an American energy company based in Jackson, Michigan, operating primarily in Michigan's utility sector. Its main business, Consumers Energy, provides electricity and natural gas to over 6 million Michigan residents. CMS Energy operates through three segments: Electric Utility, Gas Utility, and NorthStar Clean Energy, focusing on electricity and natural gas distribution, and independent power production.

CMS Energy Corporation's geographic footprint is primarily concentrated in the United States, with all of its reported geographic revenue originating domestically. Consumers Energy serves 6.8 million residents across all 68 counties in Michigan's Lower Peninsula. NorthStar Clean Energy's operations extend to several states within the U.S.

CMS Energy has cultivated a positive brand reputation through its commitment to sustainability and environmental stewardship. Consumers Energy aims to cut carbon emissions by 80% from a 2005 baseline and eliminate coal for electricity generation by 2025. The company also has goals to achieve net-zero methane emissions for its natural gas delivery systems by 2030 and net-zero carbon for its entire natural gas system by 2050.

CMS Energy Corporation's ownership is dominated by institutional investors and retail shareholders. As of April 9, 2026, the company has 804 institutional owners and shareholders holding a total of 286,535,896 shares. Major institutional holders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Mutual Funds & ETFs collectively hold 60.99% of shares outstanding, while other institutional investors hold 36.88%.