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 , Capital One Financial , Jefferies Financial Group , Mizuho , Morgan Stanley , Royal Bank Of Canada , Scotiabank , Truist Financial , UBS Group , and Weiss Ratings in the past 90 days.

$68.14 -0.28 (-0.41%)

Closing price 10/21/2026 03:59 PM Eastern

Extended Trading

$68.04 -0.09 (-0.14%)

As of 04:03 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
7

Buy
7

Based on 14 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 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for CMS.

Consensus Price Target

$78.31
14.93% Upside

According to the 14 analysts' twelve-month price targets for CMS Energy, the average price target is $78.31. The highest price target for CMS is $88.00, while the lowest price target for CMS is $72.00. The average price target represents a forecasted upside of 14.93% from the current price of $68.14.

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 10/22/25 to 10/22/26	1 Month Ago 9/22/25 to 9/22/26	3 Months Ago 7/24/25 to 7/24/26	1 Year Ago 10/22/24 to 10/22/25
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)	7 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	7 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	$78.31	$80.54	$81.33	$78.36
Forecasted Upside	14.93% Upside	25.36% Upside	8.69% Upside	4.32% 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	2.50	2.41	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	14.93% Upside	71.13% Upside	16.99% Upside
News Sentiment Rating	Positive News See Recent CMS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/21/2026	Morgan Stanley 3 of 5 stars	Stephen Byrd 5 of 5 stars	Lower Target	Equal Weight	$77.00 ➝ $73.00	+6.69%
10/19/2026	BMO Capital Markets 3 of 5 stars	James Thalacker 3 of 5 stars	Boost Target	Outperform	$73.00 ➝ $76.00	+12.37%
10/16/2026	Barclays 3 of 5 stars	Nicholas Campanella 3 of 5 stars	Lower Target	Overweight	$81.00 ➝ $72.00	+4.60%
10/14/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Richard Sunderland Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$81.00 ➝ $77.00	+16.46%
10/8/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy (B-) ➝ Hold (C+)
10/6/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$73.00	+13.07%
10/6/2026	Capital One Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$73.00	+13.07%
10/1/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Andrew Weisel Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Sector Outperform	$78.00	+23.41%
9/15/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Julien Dumoulin-Smith Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Hold	$78.00 ➝ $74.00	+11.58%
8/26/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Marie Ferguson Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$80.00	+15.86%
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7/29/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral	$84.00	+12.68%
7/29/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	Anthony Crowdell Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$78.00 ➝ $77.00	+3.20%
7/23/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings	Sophie Karp Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Overweight ➝ Sector Weight
7/16/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Jeremy Tonet Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$82.00 ➝ $85.00	+14.72%
4/21/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$80.00	+3.77%
4/21/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Ross Fowler Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$82.00 ➝ $88.00	+14.15%
2/9/2026	Williams Trading Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$80.00	+10.56%
7/7/2025	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Steve Fleishman Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform ➝ Peer Perform
4/28/2025	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings	Greg Gordon Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	In-Line	$73.00 ➝ $76.00	+5.59%
2/7/2025	Guggenheim Subscribe to MarketBeat All Access to unlock brokerage rankings	S. Pourreza Subscribe to MarketBeat All Access to unlock analyst rankings	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 Thursday at 06:33 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 Wednesday, October 21, 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.:

CMS Energy Co. offers a stable income stream with a current dividend yield of 3.33%, as the company recently declared a quarterly dividend of $0.57 per share payable on December 1, 2026, which represents an annualized payout of $2.28.
The stock is currently trading at $68.14, which is below the consensus price target of $78.56 set by fourteen research firms, suggesting a potential upside of approximately 15% for investors.
CMS Energy Co. has demonstrated consistent earnings growth, with the company raising its full-year 2026 earnings per share guidance to a range of $4.08 to $4.17, which exceeds the current analyst consensus estimate of $3.88.
The company exhibits low volatility with a beta of 0.32, indicating that its stock price tends to be less sensitive to overall market movements, which can provide a defensive characteristic for portfolios.
Institutional interest in the stock has increased recently, with Sumitomo Mitsui DS Asset Management Company Ltd increasing its holdings by 769.7% in the third quarter and Assenagon Asset Management S.A. raising its position by 84.2%.

CMS Energy
Bear Case

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

Recent analyst sentiment has turned cautious, with Morgan Stanley lowering its price target from $77.00 to $73.00 and Barclays reducing its target from $81.00 to $72.00, reflecting concerns about the stock's valuation.
The company carries a high debt-to-equity ratio of 1.81, which indicates a significant level of leverage relative to its equity base and may limit financial flexibility in a rising interest rate environment.
CMS Energy Co. recently missed revenue expectations in its most recent quarterly report, generating $1.83 billion in revenue compared to the analyst consensus of $1.87 billion, despite beating earnings per share estimates.
The stock has experienced a decline in its 52-week performance, hitting a 52-week low of $62.28 in September 2026, which is significantly below its 52-week high of $80.36.
Short interest in the stock has increased, with shares shorted rising to 17,334,557 in the most recent reporting period, representing a 5.99% month-over-month increase and indicating growing bearish sentiment among traders.

CMS Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for CMS Energy is $78.31, with a high forecast of $88.00 and a low forecast of $72.00.

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

According to analysts, CMS Energy's stock has a predicted upside of 14.93% 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, Capital One Financial, Jefferies Financial Group, Mizuho, Morgan Stanley, Royal Bank Of Canada, Scotiabank, 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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MarketBeat monitors more than a dozen sources for CMS Energy analyst ratings, with the most recent rating issued on 10/21/2026.

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CMS Energy (CMS) Stock Forecast & Price Target