CMS Energy CMS
CMS Energy is a public utility that, through its subsidiary Consumers Energy, generates, transmits, and distributes electricity and natural gas to residential and commercial customers in Michigan. CMS Energy shows moderate financial health (score 5.62) with high debt (ND/EBITDA 6.32) and negative growth (earnings -43.9%), which weighs on valuation despite an attractive dividend (net yield 3.62%).
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
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CMS Energy is a public utility that, through its subsidiary Consumers Energy, generates, transmits, and distributes electricity and natural gas to residential and commercial customers in Michigan. CMS Energy shows moderate financial health (score 5.62) with high debt (ND/EBITDA 6.32) and negative growth (earnings -43.9%), which weighs on valuation despite an attractive dividend (net yield 3.62%).
Score by category
| Category | Score |
|---|---|
| Financial health | 5.2 |
| Quality / Moat | 3.4 |
| Valuation | 4.4 |
| Growth | 1.9 |
| Dividend | 7.3 |
| Momentum | 4.2 |
| Risk & Context | 8.3 |
OVERALL SCORE: 5.5/10
Context and risks
CMS Energy operates in a regulated sector in the US, with moderate regulatory risk from tariff reviews and decisions by the Michigan public service commission. The rise in 10-year rates makes refinancing its debt more expensive, but the engine already modulates leverage; the adjustment reflects the specific regulatory risk of the sector.
Verdict: Hold; weakness in growth and leverage limit appeal despite the dividend.
Main risk: High leverage (ND/EBITDA 6.32) and exposure to rising interest rates, along with regulatory risk in Michigan, are the main risks for CMS Energy.
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