CMS Energy (CMS) Stock Forecast & Price Target

Q: What analysts cover CMS Energy?

CMS Energy has been rated by research analysts at 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.

$71.62 -0.12 (-0.17%)

As of 01:12 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
6

Buy
6

Based on 12 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 12 analysts, 6 have given a hold rating, and 6 have given a buy rating for CMS.

Consensus Price Target

$81.67
14.03% Upside

According to the 12 analysts' twelve-month price targets for CMS Energy, the average price target is $81.67. 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 14.03% from the current price of $71.62.

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 8/4/25 to 8/4/26	1 Month Ago 7/5/25 to 7/5/26	3 Months Ago 5/6/25 to 5/6/26	1 Year Ago 8/4/24 to 8/4/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$81.67	$80.17	$81.50	$77.25
Forecasted Upside	14.03% Upside	3.28% Upside	10.00% Upside	3.43% 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	2.37	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	14.09% Upside	59.73% Upside	12.64% 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
7/29/2026	Weiss Ratings 5 of 5 stars		Downgrade	Buy (B) ➝ Buy (B-)
7/29/2026	UBS Group 4 of 5 stars		Reiterated Rating	Neutral	$84.00	+12.68%
7/29/2026	Mizuho 3 of 5 stars	Anthony Crowdell 4 of 5 stars	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%
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%
5/21/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$77.00	+4.77%
5/18/2026	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	$86.00 ➝ $83.00	+14.36%
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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 Tuesday at 01:12 PM 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 Monday, August 3, 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 company recently reported earnings per share (EPS) of $0.37, exceeding analysts' expectations, which indicates strong financial performance and potential for growth.
CMS Energy Co. has set its fiscal year 2026 guidance for EPS between 4.080 and 4.170, suggesting a positive outlook for future earnings.
The current stock price is around $74, reflecting a stable investment opportunity in the utilities sector.
With a dividend yield of 3.1% and an annualized dividend of $2.28, investors can benefit from regular income, which is attractive for those seeking passive income streams.
The company has a solid return on equity of 12.17%, indicating effective management and profitability relative to shareholder equity.

CMS Energy
Bear Case

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

Despite beating EPS estimates, the company reported a slight decline in revenue compared to the previous year, which may raise concerns about growth sustainability.
The revenue for the latest quarter was $1.83 billion, falling short of analysts' expectations, indicating potential challenges in meeting market demands.
CMS Energy Co. has a relatively high payout ratio of 62.98%, which may limit its ability to reinvest in growth opportunities or weather economic downturns.
Recent insider selling, including a senior vice president selling 3,000 shares, could signal a lack of confidence in the company's short-term prospects.
With 93.57% of the stock owned by institutional investors, there may be less room for retail investors to influence the stock's performance.

CMS Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for CMS Energy is $81.67, with a high forecast of $88.00 and a low forecast of $77.00.

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CMS Energy in the last year. There are currently 6 hold ratings and 6 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 14.03% 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 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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This page (NYSE:CMS) was last updated on 8/4/2026 by MarketBeat.com Staff.

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CMS Energy (CMS) Stock Forecast & Price Target