CMS Energy Corporation

Day range

$69.31 – $70.27

Open

$70.14

Prev close

$70.30

Volume

3.24M

Market cap

$22.04B

Shares out

313.58M

P/E

21.70

P/S

2.50

P/B

2.26

P/FCF

—

ROE

10.4%

ROA

2.5%

Debt/Equity

1.97

Div yield

3.13%

As of Oct 22, 2026

• Debt activityAug 4, 2026

  On August 4, 2026, Consumers Energy Company issued and sold $450,000,000 principal amount of its 4.900% First Mortgage Bonds due 2031 and $450,000,000 principal amount of its 6.100% First Mortgage Bonds due 2056, pursuant to a registration statement on Form S-3. Consumers intends to use the net proceeds for general corporate purposes.

• Investor communicationsJul 28, 2026

  CMS Energy will hold a webcast to discuss its 2026 second quarter results and provide a business and financial outlook on July 28 at 10:00 a.m. (ET). A copy of the CMS Energy presentation is furnished as Exhibit 99.2 to this report. A webcast of the presentation will be available on the CMS Energy website, www.cmsenergy.com.

• Executive leadershipJun 3, 2026

  The Compensation Committee of the Board has approved (i) a base salary for Maddipati of $775,000 annually and (ii) an increase in his standard award percentage under the CMS Energy Incentive Compensation Plan to 80% of his base salary. In addition, Maddipati will receive $750,000 in tenure-based restricted stock which cliff vests on his third-year service anniversary.

• Equity activityMay 13, 2026

  The Offering will occur pursuant to an equity distribution agreement ("Agreement") entered into among (A) CMS Energy, (B) Barclays Bank PLC, BNP PARIBAS, Bank of America, N.A., Citibank, N.A., Goldman Sachs & Co. LLC, Jefferies LLC, JPMorgan Chase Bank, National Association, KeyBanc Capital Markets Inc., Mizuho Markets Americas LLC, Morgan Stanley & Co. LLC, MUFG Securities EMEA plc, Nomura Global Financial Products, Inc., Royal Bank of Canada, The Bank of Nova Scotia, Truist Bank and Wells Fargo Bank, National Association, each in its capacity as forward purchaser under any forward sale agreement (each, a "Forward Purchaser" and, together, the "Forward Purchasers"), (C) Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc., BTIG, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Jefferies LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, each in its capacity as agent for CMS Energy and/or principal in connection with the offering and sale of any Issuance Shares (as defined therein) thereunder (each, an "Agent" and, together, the "Agents").

• Shareholder activismMay 13, 2026

  Shareholder Proposal: Shareholder Right to Act by Written Consent did not receive the majority of votes, with a vote as follows: FOR 97,341,575, AGAINST 172,764,095, ABSTAIN 601,952, BROKER NON-VOTE 13,820,318.

• DTEDTE Energy Company-0.88%
• WECWEC Energy Group, Inc.-0.94%
• LNTAlliant Energy Corporation Common Stock-0.91%
• AEEAmeren Corporation-0.83%
• DUKDuke Energy Corporation-0.34%
• EDConsolidated Edison, Inc.-0.45%
• SOThe Southern Company-0.99%
• OGEOGE Energy Corp.-1.04%

Days to cover

4.1

Short interest

17.33M

Avg volume

4.26M

As of Sep 30, 2026 · reported to FINRA twice monthly.

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