CMS Energy (CMS)

• Market cap: $22B
• 1 day: 0.03%
• 5 days: 0.01%
• 1 month: -1.94%
• 3 months: 11.25%
• 6 months: 5.05%
• Year to date: 10.70%
• 1 year: 21.51%
• 5 years: 29.01%
• 10 years: 117.06%
• Sector: Utilities
• Industry: Electric Utilities

About: 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.

Employees: 8,324

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

4,304% more call options, than puts

Call options by funds: $50.2M | Put options by funds: $1.14M

17% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 84

15% more repeat investments, than reductions

Existing positions increased: 265 | Existing positions reduced: 230

0.34% more ownership

Funds ownership: 94.6% [Q3] → 94.94% (+0.34%) [Q4]

0% more funds holding

Funds holding: 698 [Q3] → 699 (+1) [Q4]

5% less capital invested

Capital invested by funds: $19.9B [Q3] → $18.9B (-$1.04B) [Q4]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $69 6% downside
• Avg. target: $78 6% upside
• High target: $83 13% upside

9 analyst ratings

• positive: 6 67%
• neutral: 3 33%
• negative: 0 0%

BMO Capital James Thalacker 78% 1-year accuracy 59 / 76 met price target	7% upside $79	Outperform Maintained	29 Apr 2025
Evercore ISI Group Greg Gordon 50% 1-year accuracy 1 / 2 met price target	3% upside $76	In-Line Maintained	28 Apr 2025
Scotiabank Andrew Weisel 84% 1-year accuracy 21 / 25 met price target	10% upside $81	Sector Outperform Maintained	25 Apr 2025
Wells Fargo Neil Kalton 59% 1-year accuracy 29 / 49 met price target	11% upside $82	Overweight Maintained	25 Apr 2025
Jefferies Julien Dumoulin-Smith 62% 1-year accuracy 53 / 86 met price target	13% upside $83	Buy Maintained	21 Apr 2025