CMS · NYSE · STOCK
CMS Energy (CMS) Stock Analysis
$68.42
52W $68.25 – $80.36
44/100
$21.41B
20.2
0.34
Is CMS Bullish or Bearish?
Mixed.
Innellis AI committee rates CMS Energy (CMS) Watch with a composite score of 44/100
, based on 6 analysts with 50% agreement.
Last updated August 24, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +15.95 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -4.05 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Growth Analyst remains cautious — eps declining -1.9% yoy despite any revenue growth. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Dividend yield of 3.4% pays you to wait — Value
Bear Case
- Debt-to-equity of 2.07 adds balance-sheet risk to the value case — Value
- EPS declining -1.9% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- RSI at 23 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 24, 2026
Overall Committee Score
44/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 100%
of 56 Utilities peers
Value Analyst
neutral
50
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Dividend yield of 3.4% pays you to wait
− Debt-to-equity of 2.07 adds balance-sheet risk to the value case
Growth Analyst
bearish
32
/ 100 · High confidence
Growth story is weak, decelerating, or inconsistent
− EPS declining -1.9% YoY despite any revenue growth
Technical Analyst
bearish
32
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 2.07) amplifies downside in a stress scenario
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
53
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
Investment Thesis Evolution
Committee score moved marginally from 44.0 to 44.0.
Comparing 2026-08-23 to 2026-08-24 (1 day apart).
Technical Analysis
RSI (14)
22.7
Oversold
MACD Histogram
-0.102
Bearish Momentum
Trend Direction
Downtrend
Weekly: Sideways
Market Structure
Lh Ll
Support
$68.18
Resistance
$71.18
Bollinger %B
0.04
Inside Bands
Price vs Moving Averages
EMA 9
$70.20
Below
EMA 21
$71.26
Below
EMA 50
$72.64
Below
EMA 200
$73.44
Below
Fundamental Analysis
Valuation
90
Growth
34
Profitability
61
Financial Health
18
Cash Flow
15
Valuation
P/E Ratio
20.2×
P/B Ratio
2.10×
PEG Ratio
-68.47
Dividend Yield
3.30%
52W High
$80.36
52W Low
$68.25
Quality & Growth
ROE
1171.3%
ROA
265.2%
Gross Margin
6967.1%
Operating Margin
1894.9%
Revenue Growth YoY
—
Debt / Equity
1.97
AI Fundamental Assessment
P/E ratio of 20.2 (inexpensive relative to a 15-40x range); Price-to-book of 2.1x; PEG ratio of -68.5 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 11.7%; Return on assets of 2.7%; Net margin of 11.6%; Gross margin of 69.7%; Current ratio of 0.92 (tight short-term liquidity); Debt-to-equity of 1.97; Free cash flow per share is negative (-6.35); Most recent quarter beat estimates by 1.6%; 2 consecutive earnings beats; EPS growth decelerating (+20.2% -> -67.3% QoQ); Average YoY EPS growth of -47.9%; Analyst estimates falling over recent quarters
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