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.

$65.32 -0.88 (-1.33%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$65.74 +0.41 (+0.63%)

As of 09/18/2026 07:30 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

$80.54
23.30% Upside

According to the 13 analysts' twelve-month price targets for CMS Energy, the average price target is $80.54. The highest price target for CMS is $88.00, while the lowest price target for CMS is $74.00. The average price target represents a forecasted upside of 23.30% from the current price of $65.32.

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 9/19/25 to 9/19/26	1 Month Ago 8/20/25 to 8/20/26	3 Months Ago 6/21/25 to 6/21/26	1 Year Ago 9/19/24 to 9/19/25
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)	7 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 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	$80.54	$81.67	$80.17	$77.25
Forecasted Upside	23.30% Upside	16.88% Upside	9.22% Upside	10.15% 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	2.37	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	23.30% Upside	66.68% Upside	18.43% 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
9/18/2026	Morgan Stanley 3 of 5 stars	Stephen Byrd 5 of 5 stars	Lower Target	Equal Weight	$79.00 ➝ $77.00	+17.14%
9/15/2026	Jefferies Financial Group 3 of 5 stars	Julien Dumoulin-Smith 5 of 5 stars	Lower Target	Hold	$78.00 ➝ $74.00	+11.58%
9/8/2026	BMO Capital Markets 3 of 5 stars	James Thalacker 3 of 5 stars	Lower Target	Outperform	$82.00 ➝ $77.00	+12.56%
8/26/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Marie Ferguson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$80.00	+15.86%
8/4/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Sunderland Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	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
7/16/2026	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 Saturday at 03:59 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 Friday, September 18, 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 stock is currently trading at $65.32, which is near its 52-week low of $65.14, offering a potential entry point for value-oriented investors who believe the market has overreacted to recent price declines.
Wall Street analysts maintain a consensus rating of "Moderate Buy" with an average price target of $81.69, suggesting significant upside potential from the current price level despite recent target price reductions by firms like Morgan Stanley and Jefferies.
CMS Energy Co. offers a dividend yield of 3.44%, providing a steady income stream that is attractive to income-focused investors, particularly given the company's status as a regulated utility with predictable cash flows.
The company has a low beta of 0.34, indicating that its stock price is less volatile than the overall market, which can help reduce portfolio risk for conservative investors seeking stability.
Recent earnings reports show the company beating consensus estimates, such as the Q2 2026 EPS of $0.37 versus a consensus of $0.36, demonstrating operational efficiency and the ability to outperform analyst expectations.

CMS Energy
Bear Case

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

The stock has recently hit new 52-week lows, with the price dropping to $65.32 from a high of $80.36, indicating a significant downward trend and potential continued pressure on the share price.
Several major financial institutions, including Morgan Stanley, BMO Capital Markets, and Jefferies, have recently lowered their price targets on the stock, reflecting a more cautious outlook on the company's future performance.
The company has a debt-to-equity ratio of 1.81, which is relatively high for a utility, suggesting that a significant portion of its operations is financed by debt, potentially increasing financial risk in a rising interest rate environment.
Revenue growth has slowed, with the most recent quarter showing a year-over-year revenue decline of 0.5%, which may indicate challenges in expanding the customer base or increasing rates in a competitive market.
Short interest has increased in recent months, with the percentage of float shorted rising to 5.04% as of August 2026, suggesting that a growing number of investors are betting against the stock's future performance.

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 $80.54, with a high forecast of $88.00 and a low forecast of $74.00.

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 23.30% based on their 12-month stock forecasts.

Over the previous 90 days, CMS Energy's stock had 2 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 9/18/2026.

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CMS Energy (CMS) Stock Forecast & Price Target