CMSA
UtilitiesCMS Energy Corporation 5.6% JRSUB NT 78 · Regulated Electric · $6B
What is CMS Energy Corporation 5.6% JRSUB NT 78?
CMS Energy Corporation is a Michigan-based utility holding company operating electric and natural gas services across its core regulated segments. Its subsidiary Consumers Energy serves a large portion of Michigan's lower peninsula.
CMS Energy generates revenue through three segments: Electric Utility, which covers generation, distribution, and sale of electricity; Gas Utility, which handles purchase, storage, and distribution of natural gas; and NorthStar Clean Energy, which develops and operates renewable and independent power generation. The regulated utility model provides relatively predictable cash flows tied to rate structures approved by state regulators.
CMS Energy was founded in 1987 and is headquartered in Jackson, Michigan.
- Electric generation, distribution, and retail sales
- Natural gas transmission, storage, and distribution
- Renewable and independent power production via NorthStar Clean Energy
- Regulated utility services across Michigan
Is CMSA a Good Stock to Buy?
UQS Score rates CMSA as Below Average overall.
The Valuation pillar comes in as Attractive, suggesting the security is not priced at a premium relative to its fundamentals. Quality, Moat, and Growth each register as Neutral, reflecting a steady but undifferentiated utility profile typical of regulated operators.
The Risk pillar is rated Weak, which is the most notable drag on the overall score and warrants careful attention from income-focused investors.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CMSA pay dividends?
Yes — CMS Energy Corporation 5.6% JRSUB NT 78 pays a dividend.
CMSA pays a regular dividend, consistent with CMS Energy's broader identity as a regulated utility that returns income to holders. Utilities in this segment typically prioritize steady distributions supported by rate-regulated cash flows. Investors should review the current yield and payout details on CMS Energy's investor relations page.
When does CMSA report earnings?
CMS Energy reports earnings on a quarterly cadence, typical for US-listed equities.
As a regulated utility, CMS Energy's quarterly results tend to reflect rate-base growth, weather-driven demand, and capital investment activity rather than sharp swings in revenue. Performance across segments is shaped by regulatory outcomes and the pace of clean energy transition investments.
For the most recent quarter's results, see CMS Energy's investor relations page at cmsenergy.com.
CMSA Price History
+10.7% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in CMS Energy Corporation 5.6% JRSUB NT 78?
Based on CMS Energy Corporation 5.6% JRSUB NT 78's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CMSA Long-term Outlook
With Growth and Quality both rated Neutral, CMS Energy's fundamental trajectory appears stable but not expansionary. The Weak Risk rating introduces uncertainty around capital structure or regulatory exposure that could weigh on the outlook. The Attractive Valuation label suggests the market has already priced in some of these concerns.
Growth drivers
- Ongoing investment in regulated electric and gas infrastructure
- Expansion of renewable generation through NorthStar Clean Energy
- Rate-base growth supported by Michigan regulatory framework
Key risks
- Weak Risk pillar signals elevated financial or operational risk
- Regulatory lag between capital spending and approved rate recovery
- Rising interest rates increasing cost of debt for capital-intensive utilities
CMSA vs Peers
CMSA operates in a regulated utility landscape alongside several peers with distinct geographic and operational profiles.
POR serves the Pacific Northwest and has a strong focus on renewable integration within Oregon's regulatory environment.
ENIC operates in South America, offering exposure to Latin American energy markets with a different regulatory and currency risk profile.
TXNM serves the Southwest US and operates in a regulatory environment shaped by Texas and New Mexico energy policy.
Frequently Asked Questions
What does CMS Energy do?
CMS Energy is a regulated utility holding company based in Jackson, Michigan. It operates through electric and natural gas utility segments serving Michigan customers, plus a clean energy segment that develops and manages renewable and independent power generation assets.
Does CMSA pay dividends?
Yes, CMSA is associated with CMS Energy, which pays a regular dividend. As a regulated utility, the company has historically prioritized returning income to investors through consistent distributions. Check CMS Energy's investor relations page for current yield and payment schedule details.
When does CMSA report earnings?
CMS Energy reports on a quarterly cadence, as is standard for US-listed companies. Specific upcoming dates are not available through our data source. Visit CMS Energy's investor relations page for the most current earnings calendar.
Is CMSA a good stock to buy?
UQS Score rates CMSA as Below Average overall. The Valuation pillar is Attractive, but the Risk pillar is Weak, which weighs on the composite rating. Whether it fits your portfolio depends on your income needs and risk tolerance. See the full pillar breakdown by signing up at uqs-score.com.
Is CMSA overvalued?
The UQS Valuation pillar for CMSA is rated Attractive, suggesting the security is not trading at an elevated premium relative to its fundamentals. This is one of the stronger aspects of the overall profile, though it should be considered alongside the Weak Risk rating.
How does CMSA compare to its competitors?
CMSA sits in the regulated US utility space alongside peers like Portland General Electric and TXNM Energy. Each operates under different state regulatory frameworks and geographic footprints. UQS Score provides side-by-side pillar comparisons for Pro members to evaluate relative quality and risk.
What is CMSA's market cap bracket?
CMSA is classified as a mid-cap security. This places it between smaller regional utilities and the largest integrated energy conglomerates, reflecting CMS Energy's scale as a significant but not mega-scale regulated utility operator.
Who founded CMS Energy?
CMS Energy Corporation was founded in 1987. Detailed founding history, including key executives involved in its formation, is widely available through public records and the company's official history on its investor relations site.
Is CMSA a long-term quality investment?
As a long-term quality indicator, CMSA's UQS profile shows Neutral readings across Quality, Moat, and Growth — suggesting stability without standout durability. The Weak Risk pillar is a meaningful flag for long-horizon investors. Pro members can access the full metric breakdown to assess fit for long-term portfolios.
What sector does CMSA belong to?
CMSA belongs to the Utilities sector. Regulated utilities like CMS Energy typically offer income stability through rate-regulated operations, but they also carry sensitivity to interest rates and regulatory decisions — both of which factor into the UQS Risk and Valuation pillar assessments.
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Pro Analysis
CMSA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 11, 2026 | 48.6 | 47.4 | 52.0 | 47.1 | 4.6 | 91.1 | -0.3 |
| May 10, 2026 | 48.9 | 48.3 | 52.0 | 47.1 | 4.6 | 91.1 | -1.1 |
| May 8, 2026 | 50.0 | 27.0 | 52.0 | 47.1 | 38.9 | 100.0 | +1.0 |
| Apr 25, 2026 | 49.0 | 48.0 | 52.0 | 47.1 | 6.0 | 91.1 | 0.0 |
| Apr 24, 2026 | 49.0 | 48.0 | 52.0 | 47.1 | 6.0 | 90.9 | 0.0 |
| Apr 18, 2026 | 49.0 | 48.0 | 52.0 | 47.1 | 6.0 | 91.0 | -1.3 |
| Apr 2, 2026 | 50.3 | 48.0 | 52.0 | 47.1 | 6.0 | 100.0 | — |
CMSA — Pillar Breakdown
Quality
— 47.4/100 (25%)CMS Energy Corporation 5.6% JRSUB NT 78 has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 47.1/100 (20%)CMS Energy Corporation 5.6% JRSUB NT 78 shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 4.6/100 (15%)CMS Energy Corporation 5.6% JRSUB NT 78 presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 90.3/100 (15%)CMS Energy Corporation 5.6% JRSUB NT 78 appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 52/100 (25%)CMS Energy Corporation 5.6% JRSUB NT 78 possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CMSA.
Score Composition
Financial Data
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How is the CMSA UQS Score Calculated?
The UQS (Unified Quality Score) for CMS Energy Corporation 5.6% JRSUB NT 78 is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses CMS Energy Corporation 5.6% JRSUB NT 78's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether CMS Energy Corporation 5.6% JRSUB NT 78 is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.