CMS Energy Corporation
CMSUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Sep 9, 2026
Scan Results
Daily timeframeCMS Energy Corporation operates as an energy company primarily in Michigan. With a market capitalization of $21.57B, it sits in large-cap territory. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy.
Market Cap
$21.57B
Beta
0.33
P/E (TTM)
20.66
P/E (Fwd)
16.55
EPS (TTM)
$3.33
EPS (Fwd)
$4.16
ROE
9.2%
ROA
3.0%
Cash
$241.0M
Total Debt
$19.30B
Free CF
-$2.20B
52W Change
-3.9%
Annual Financials
Cash vs Debt
Where CMS stands vs its 150-day and 200-day moving averages
As of the August 26, 2026 close, CMS finished 6.54% below its 150-day moving average ($73.55) and 5.41% below its 200-day moving average ($72.67). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is CMS overbought or oversold?
At the August 26, 2026 close, CMS's RSI(14) was 36.9, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $241.0M in cash, though total debt stands at $19.30B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$2.20B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 9.2% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.0% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $8.60B (2022) to $8.54B (2025).
With a beta below 0.7, CMS Energy Corporation typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing CMS.