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CMCMS

CMS Energy Corporation

Strong FundamentalsStrong FundamentalsRevenue growing 12% YoY at strong marginsRecent insider buyingQuiet on X (47 mentions/wk)
$CMS·$22B·Regulated Electric·Utilities
$68.21-0.2%YTD+2.6%1Y-4.2%
Mentions · last 7 days
2026-08-21: 3 posts2026-08-22: 4 posts2026-08-23: 6 posts47+3%
Price updated 2d ago·X counts updated 7d ago
CMCMS
$CMSCMS Energy Corporation
$68.21-0.20%47 posts+3%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $CMS, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersWinding up for a moveAI verdict · as of 2026-08-30

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

CMS Energy Michigan utility, Q1 revenue +11.6%, -6.9% since Q2 print — Peter Thiel's $418M AI-bottleneck basket flags power.

CMS Energy is a $22.3B Michigan regulated-electric/gas utility. Real-business defensive with the AI-power-demand thematic tailwind.

How it reads:

  • Growth is real: Q1 revenue +11.6% YoY to $2.73B, Q4 was +14.4% — above-average utility growth reflects real MI demand.
  • Margins are utility-standard: 19.5% operating margin, -9.1% FCF yield (heavy grid capex).
  • Valuation is reasonable: 19.6x PE, 2.5x sales, 12.7x EV/EBITDA on 3.6% ROIC — priced as an above-average regulated utility.
  • Position is weakening: 2.5th percentile 52w, 6.6% below 50-day, 7.4% below 200-day on 57% baseline volume — the tape is punishing the Q2 print's -6.9% follow-through.
  • Peter Thiel's $418M bet on 8 AI-power companies flags this cohort as the AI-bottleneck play — CMS is regulated exposure to that theme.
  • 'Preferred stock still preferred' Aug 20 SA piece frames the capital-structure lens.
  • Insider signal is a bright spot: $14K P-Purchase (Maddipati director) — small but a specific open-market director buy.
  • No X sentiment sample — chatter is thin on this regulated utility.

The Oct 29 print is the test — reiterated FY26 EPS guide plus specific commentary on Michigan datacenter load-growth pipeline defends the setup; another EPS miss plus continued grid-capex overrun narrows the premium to $63 support.

What to watch: Oct 29 earnings — reiterated FY26 EPS guide plus specific commentary on Michigan datacenter load-growth pipeline defends the setup; another EPS miss plus continued grid-capex overrun narrows the premium to $63 support.

On the calendar: 2026-10-29 — Q3 earnings

no sentiment sample

Read the AI verdict + X sentiment for $CMS

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Regulated electric and gas utility serving Michigan with growing renewable energy investment.

Industry overviewAI analysisGenerated by AI from underlying data

Where Regulated Electric sits in its cycle right now — and what that implies for $CMS.

Regulated Electric · Utilities

Rate base growth — driven by grid modernization and data center load additions — is the earnings engine for regulated utilities. Regulatory lag (rate cases vs actual capex) is the near-term cash flow timing risk.

What this means for $CMS

Partial — upstream oil & gas exposure ties to commodity price cycle; CMS Energy Corporation operates as an energy company primari.

Industry benchmark

23-name peer basket
+5.8%YTD
+0.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
19.6How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
3.6%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
19.5%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-9.1%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
2.5Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
12.3%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
64.6%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
2.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 28, 2026$0.37$0.36+3.1%
Q1 2026Apr 28, 2026$1.13$1.10+2.7%
Q4 2025Feb 5, 2026$0.95$0.93+1.8%
Q3 2025Oct 30, 2025$0.93$0.86+8.1%
Next earningsThu, Oct 29·consensus EPS $1.16

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$2.7B+11.6%56.5%17.9%$1.13$-334.0M
Q4 FY25$2.2B+12.3%128%19.5%$0.94$-596.0M
Q3 FY25$2.0B+15.9%29.1%23.8%$0.92$-635.0M
Q2 FY25$1.8B+14.4%38.8%17.2%$0.66$-470.0M

Forward consensus

5-year forecast · up to 10 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$9.0B$8.5B – $9.4B$3.87$3.84 – $3.897
FY27$9.4B$8.9B – $9.8B$4.16$4.14 – $4.198
FY28$9.8B$9.3B – $10.5B$4.48$4.44 – $4.5510
FY29$10.0B$9.5B – $10.5B$4.84$4.51 – $5.125
FY30$10.4B$9.9B – $10.9B$5.22$4.87 – $5.535

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.6×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.2%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-6.6%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-7.4%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 99.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today2.2% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.345-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyJul 31Srikanth MaddipatiCFO200 sh$14KSellMay 26Brandon J. HofmeisterPresident3.0K sh$223K
+ 25 other (18 awards · 7 inkinds) in window

See when $CMS insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDJul 288-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

CMS Energy Corporation (CMS) and its subsidiary Consumers Energy Company reported Q2 2026 financial results on July 28, 2026 via a press release and investor presentation furnished as exhibits. No specific earnings figures appear in the 8-K body. This is a standard quarterly earnings disclosure for a Michigan-based regulated utility; adjusted EPS and full-year guidance are in the attached exhibits.

3New insider — initial holdingsJun 93
AI summary

Srikanth Maddipati, newly appointed EVP and CFO of CMS Energy Corp, filed an initial Form 3 on June 9, 2026 disclosing direct beneficial ownership of 24,511 shares of CMS Energy common stock and 0 preferred depositary shares as of June 3, 2026. Routine Section 16 initial ownership report for a new executive officer; no transactions or derivative securities reported.

8-KOfficer or director changeJun 38-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
AI summary

CMS (CMS) filed an 8-K under Item 5.02 disclosing a change in its executive leadership or board composition. The filing reports both a departure and an appointment in Chief Financial Officer. Individuals named in the filing include Commission Registrant, Employer File. Leadership changes at the C-suite and board level are material events requiring 8-K disclosure within four business days, as they can affect company strategy, investor confidence, and operational continuity.

424B5Prospectus supplement (offering)May 13424B5
AI summary

CMS filed a 424B5 prospectus supplement dated 2026-05-13, representing an active capital markets transaction. Priced at $0.01 per share. This represents immediate dilution to existing shareholders.

8-KCharter amendmentMay 138-K — Item 5.03: Charter amendment · Item 5.07: Shareholder vote
AI summary

CMS held its special meeting of stockholders around 2026-05-13 (8-K Item 5.07). Stockholders elected 1 director to the board. Routine governance event — monitor for unusually high withhold votes as an activist signal.

8-KPress release / Reg FDApr 288-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

CMS reported first quarter results. Attached as Exhibit 99.1 to th financial results (8-K Item 2.02). Investors should review the full earnings press release and any management guidance for forward outlook.

+ 13 other (5 13Gs · 3 proxys · 2 10-Qs · 1 routine 8-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Peter Thiel's Fund Reported Zero Stocks for 2 Straight Quarters. Its $419 Million Comeback Put 72% Into Energy and Power.fool.com·1d agoWhy Is CMS Energy (CMS) Down 6.9% Since Last Earnings Report?zacks.com·4d agoLongstanding Bridgeline Customer Expands from CMS to HawkSearch AI Search and Shopping Assistantaccessnewswire.com·6d agoPeter Thiel's $418 Million Bet On These 8 Companies Reveals AI's Biggest Bottleneck247wallst.com·7d agoDanske Bank A S Invests $1.53 Million in CMS Energy Corporation $CMSdefenseworld.net·8d ago

In themes

Explore the broader themes this ticker is being talked about under.

Nuclear RenaissanceThe Power Grid

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