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CMS Energy Corp

corporate_fare Company Profile

CMS Energy Corp

CMS·NYSE·Energy & Transportation·CIK 0000811156

CMS Energy is a parent holding company that operates primarily through its subsidiaries, Consumers, an electric and gas utility, and NorthStar Clean Energy, an independent power producer and marketer. Consumers serves a customer base primarily consisting of residential, commercial, and diversified industrial customers in Michigan, providing electricity and/or natural gas to 6.8 million of Michigan's 10 million residents. Consumers has served Michigan customers since 1886, was incorporated in Maine in 1910, and became a Michigan corporation in 1968. It owns and operates electric generation and distribution facilities, as well as gas transmission, storage, and distribution facilities. NorthStar Clean Energy, through its subsidiaries and equity investments, focuses on domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production. CMS Energy manages its businesses across three principal segments: electric utility, gas utility, and NorthStar Clean Energy, which encompasses its non-utility operations and investments. Consumers' consolidated operations represent the substantial majority of CMS Energy's total assets, income, and operating revenue. CMS Energy's consolidated operating revenue was $8.5 billion in 2025, and $7.5 billion in 2024 and 2023. Consumers' consolidated operating revenue was $8.1 billion in 2025, and $7.2 billion in 2024 and 2023. Consumers' rates and certain business aspects are regulated by the MPSC, FERC, and NERC reliability standards.

CMS Energy Corp (NYSE:CMS) is a publicly traded company in the Energy & Transportation sector. Wiseek has independently scored 21 items for CMS at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-10-27, rated 7/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 12 rated 8 or above. Recent SEC coverage for CMS spans 10-Q, 8-K, 424B5, DEFA14A.

Recent high-impact activity:

  • CMS Energy Q3 GAAP EPS Falls to $0.39 on $525M NorthStar Impairment
  • CMS Energy Posts $123M Third-Quarter Net Income
  • Court Strikes Down DoE Order Keeping Michigan Coal Plant Open
  • CMS Energy Misses Q2, Guides 2027 Below Consensus, and Exits Renewables
  • CMS Energy Targets Year-End Restructuring, Sees $500M+ Savings Through 2030

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$8.54B
Net Income
$1.07B
Diluted EPS
$3.53
Op. Cash Flow
$2.23B
Operating Income
$1.73B
Cash & Equivalents
$509M
Total Debt
$18.76B
Debt / Equity
2.05×
Net Margin
12.5%
Shares Outstanding
306.4M sh
Source: 10-K · filed 2026-02-10 · accession 0000811156-26-000004

Short Interest & Short Volume

4.43 days to cover

FINRA reported short interest of 18,276,124 shares in CMS as of the October 15, 2026 settlement, a 5.4% increase from the prior period — about 4.4 days to cover at its recent average daily volume. On October 29, 2026, 83.1% of CMS volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)18,276,124 shares as of October 15, 2026
Change vs prior period▲ 5.4%
Days to cover4.43 at avg daily volume of 4,128,874
Daily short volume (FINRA facilities)83.1% of 2,031,655 shares on October 29, 2026
5-day average short volume77.3%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Moderate risk

Filing-implied dilution signals for CMS, detected from its recent SEC filings · based on capital-structure filings through 2026-10-29.

2 recent capital raisesATM program1 shelf registration

New $3 Billion At-The-Market (ATM) Offering · Authorized Shares Doubled to 700 Million

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$70.13 +0.87% today
52-week range · as of 2026-10-27 $62.28 – $80.36
Market cap
$21.99B
Volume
3.3M (0.8× avg)
3-mo avg 4.3M
Live data · 2026-10-30 19:59 UTC · Market open

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feed CMS - Latest Insights

CMS
Oct 27, 2026, 11:09 AM EDT
Filing Type: 10-Q
Importance Score:
7
Price at Filing: $69.25
Real-time Price: $70.13 info
Change: +$0.880 (+1%) info
Market Cap: $21.993B info
CMS
Oct 27, 2026, 6:30 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $69.50
Real-time Price: $70.13 info
Change: +$0.625 (+0.90%) info
Market Cap: $21.993B info
CMS
Sep 11, 2026, 6:06 PM EDT
Source: Seeking Alpha
Importance Score:
8
Price at Filing: $67.15
Real-time Price: $70.13 info
Change: +$2.97 (+4%) info
Market Cap: $21.993B info
CMS
Jul 28, 2026, 11:25 AM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $75.44
Real-time Price: $70.13 info
Change: -$5.31 (-7%) info
Market Cap: $21.993B info
CMS
Jul 28, 2026, 10:55 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $76.09
Real-time Price: $70.13 info
Change: -$5.97 (-8%) info
Market Cap: $21.993B info
CMS
Jul 28, 2026, 8:11 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $75.00
Real-time Price: $70.13 info
Change: -$4.88 (-7%) info
Market Cap: $21.993B info
CMS
Jul 28, 2026, 6:38 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $75.00
Real-time Price: $70.13 info
Change: -$4.88 (-7%) info
Market Cap: $21.993B info
CMS
Jul 28, 2026, 6:30 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $75.00
Real-time Price: $70.13 info
Change: -$4.88 (-7%) info
Market Cap: $21.993B info
CMS
May 13, 2026, 4:43 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $72.20
Real-time Price: $70.13 info
Change: -$2.08 (-3%) info
Market Cap: $21.993B info
CMS
May 13, 2026, 4:41 PM EDT
Filing Type: 424B5
Importance Score:
9
Price at Filing: $71.86
Real-time Price: $70.13 info
Change: -$1.73 (-2%) info
Market Cap: $21.993B info
CMS
May 13, 2026, 4:05 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $72.81
Real-time Price: $70.13 info
Change: -$2.69 (-4%) info
Market Cap: $21.993B info
CMS
Apr 28, 2026, 11:28 AM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $75.63
Real-time Price: $70.13 info
Change: -$5.50 (-7%) info
Market Cap: $21.993B info
CMS
Apr 28, 2026, 6:38 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $76.05
Real-time Price: $70.13 info
Change: -$5.92 (-8%) info
Market Cap: $21.993B info
CMS
Apr 01, 2026, 9:22 AM EDT
Filing Type: DEFA14A
Importance Score:
7
Price at Filing: $77.58
Real-time Price: $70.13 info
Change: -$7.45 (-10%) info
Market Cap: $21.993B info
CMS
Mar 26, 2026, 9:10 AM EDT
Filing Type: DEF 14A
Importance Score:
8
Price at Filing: $75.44
Real-time Price: $70.13 info
Change: -$5.31 (-7%) info
Market Cap: $21.993B info
CMS
Mar 16, 2026, 8:28 AM EDT
Source: Reuters
Importance Score:
7
Price at Filing: $77.83
Real-time Price: $70.13 info
Change: -$7.70 (-10%) info
Market Cap: $21.993B info
CMS
Mar 13, 2026, 8:55 AM EDT
Filing Type: PRE 14A
Importance Score:
8
Price at Filing: $76.78
Real-time Price: $70.13 info
Change: -$6.66 (-9%) info
Market Cap: $21.993B info
CMS
Feb 20, 2026, 9:20 AM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $75.90
Real-time Price: $70.13 info
Change: -$5.78 (-8%) info
Market Cap: $21.993B info
CMS
Feb 11, 2026, 5:18 PM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $74.52
Real-time Price: $70.13 info
Change: -$4.39 (-6%) info
Market Cap: $21.993B info
CMS
Feb 10, 2026, 11:30 AM EST
Filing Type: 10-K
Importance Score:
8
Price at Filing: $73.50
Real-time Price: $70.13 info
Change: -$3.38 (-5%) info
Market Cap: $21.993B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets