CMS Energy (CMS) Stock Forecast & Price Target

Q: What analysts cover CMS Energy?

CMS Energy has been rated by research analysts at Argus , Barclays , BMO Capital Markets , Jefferies Financial Group , JPMorgan Chase & Co. , KeyCorp , Mizuho , Morgan Stanley , Truist Financial , UBS Group , and Weiss Ratings in the past 90 days.

$68.21 -0.14 (-0.20%)

As of 08/28/2026 03:58 PM Eastern

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CMS Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
6

Buy
7

Based on 13 Wall Street analysts who have issued ratings for CMS Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, and 7 have given a buy rating for CMS.

Consensus Price Target

$81.69
19.77% Upside

According to the 13 analysts' twelve-month price targets for CMS Energy, the average price target is $81.69. The highest price target for CMS is $88.00, while the lowest price target for CMS is $77.00. The average price target represents a forecasted upside of 19.77% from the current price of $68.21.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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CMS Analyst Ratings Over Time

Type	Current Forecast 8/30/25 to 8/30/26	1 Month Ago 7/31/25 to 7/31/26	3 Months Ago 6/1/25 to 6/1/26	1 Year Ago 8/30/24 to 8/30/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$81.69	$81.83	$80.83	$77.25
Forecasted Upside	19.77% Upside	13.51% Upside	14.49% Upside	7.97% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

CMS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CMS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CMS Energy Stock vs. The Competition

Type	CMS Energy	Utilities Companies	Broader Market
Consensus Rating Score	2.54	2.36	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	19.77% Upside	66.10% Upside	13.05% Upside
News Sentiment Rating	Positive News See Recent CMS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/26/2026	Argus 3 of 5 stars	Marie Ferguson Not Rated	Reiterated Rating	Buy	$80.00	+15.86%
8/21/2026	Morgan Stanley 4 of 5 stars	Stephen Byrd 5 of 5 stars	Lower Target	Equal Weight	$80.00 ➝ $79.00	+13.72%
8/4/2026	Truist Financial 3 of 5 stars	Richard Sunderland Not Rated	Lower Target	Buy	$85.00 ➝ $81.00	+13.97%
7/29/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy (B) ➝ Buy (B-)
7/29/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral	$84.00	+12.68%
7/29/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Anthony Crowdell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$78.00 ➝ $77.00	+3.20%
7/23/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sophie Karp Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
7/20/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Thalacker Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$81.00 ➝ $86.00	+16.71%
7/16/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julien Dumoulin-Smith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$78.00	+5.40%
7/16/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeremy Tonet Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$82.00 ➝ $85.00	+14.72%
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7/14/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nicholas Campanella Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$79.00 ➝ $81.00	+6.92%
4/21/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$80.00	+3.77%
4/21/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ross Fowler Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$82.00 ➝ $88.00	+14.15%
2/9/2026	Williams Trading Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$80.00	+10.56%
7/7/2025	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steve Fleishman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform ➝ Peer Perform
4/28/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Greg Gordon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	In-Line	$73.00 ➝ $76.00	+5.59%
4/25/2025	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Weisel Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$77.00 ➝ $81.00	+11.49%
2/7/2025	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	S. Pourreza Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$69.00 ➝ $69.00	+1.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:05 AM ET.

Should I Buy CMS Energy Stock? CMS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, August 25, 2026. Please send any questions or comments about these CMS Energy pros and cons to contact@marketbeat.com.

CMS Energy
Bull Case

Here are some ways that investors could benefit from investing in CMS Energy Co.:

The current stock price is around $74, which is within a reasonable range compared to its 1-year high of $80.36, indicating potential for growth.
CMS Energy Co. has a solid dividend yield of approximately 3.3%, providing investors with a steady income stream through dividends.
The company reported earnings per share (EPS) of $0.37 for the latest quarter, exceeding analyst expectations, which reflects strong operational performance.
With a return on equity of 10.76%, CMS Energy Co. demonstrates effective management of shareholder equity, which is a positive indicator for investors.
Analysts have a consensus rating of "Moderate Buy" for CMS Energy Co., suggesting that many believe the stock has potential for appreciation.

CMS Energy
Bear Case

Investors should be bearish about investing in CMS Energy Co. for these reasons:

The company experienced a slight decline in revenue, down 0.5% year-over-year, which may raise concerns about its growth trajectory.
CMS Energy Co. has a relatively high debt-to-equity ratio of 1.81, indicating that the company relies significantly on debt financing, which can be risky.
The earnings per share for the same quarter last year was $0.71, showing a decrease in profitability compared to the previous year.
With a current ratio of 0.94, the company may face challenges in meeting its short-term liabilities, which could affect liquidity.
Insider ownership is low at 0.50%, which may suggest a lack of confidence from those closest to the company.

CMS Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for CMS Energy is $81.69, with a high forecast of $88.00 and a low forecast of $77.00.

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CMS Energy in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CMS shares.

According to analysts, CMS Energy's stock has a predicted upside of 19.77% based on their 12-month stock forecasts.

Over the previous 90 days, CMS Energy's stock had 3 downgrades by analysts.

CMS Energy has been rated by research analysts at Argus, Barclays, BMO Capital Markets, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Truist Financial, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like CMS Energy more than other "utilities" companies. The consensus rating for CMS Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how CMS compares to other companies.

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Brokerages With CMS Energy Recommendations

MarketBeat monitors more than a dozen sources for CMS Energy analyst ratings, with the most recent rating issued on 8/26/2026.

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CMS Energy (CMS) Stock Forecast & Price Target