Does CMS pay a dividend and is it safe?

CMS Energy Corporation (CMS) offers a 3.4% cash dividend yield ($2.41 annualized) and 5.2% total shareholder yield including buybacks. Roarable rates its payout coverage as FORTRESS PAYOUT.

Stock Ratings / Utilities / CMS / dividends

NI (51) EVRG (48) LNT (63) AEE (48) ⌘ Pro Terminal →

CMS Energy Corporation (CMS) Dividend Safety Gauge & 10-Year DRIP Compounder

$70.76 +0.94% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $70.75

CMS Energy Corporation (CMS) carries a Roarable Rating of C- (Hold) with 60/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C- • HOLD / WATCH Cap $21.99B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on CMS Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is CMS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, CMS Energy Corporation (NYSE: CMS) is rated C- (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 60/100 at a spot price of $70.76 (+0.94% 1D, market cap $21.99B). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 13/20, SEC Balance-Sheet Forensics 12/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 16/20. Across 116 tracked Utilities issuers, CMS ranks #32 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does CMS compare to NI and EVRG in the Utilities sector?

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Within the Utilities sector (Power Generation), CMS carries a Roarable C- (60/100 RQD), trailing P/E of 20.4x, gross margin of —, and ROIC of 5.2%. By comparison, NI (NiSource Inc) holds a D grade (51/100 RQD, P/E 23.1x, ROIC 8.8%, cap $21.38B) and EVRG (Evergy Inc.) posts a D grade (48/100 RQD, P/E 23.0x, ROIC 5.2%, cap $19.81B). Among the 5-stock peer group, AEE leads on earnings multiple (19.3x) while NI leads on capital efficiency (8.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for CMS?

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Per CMS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000811156), CMS Energy Corporation generated $8.30B in revenue (+13.5% YoY), $1.07B in net income, and $1.86B in free cash flow against $39.94B in total assets and $17.81B in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $70.75 (-0.02%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 22.4% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 60/100 (C-) historically posted market-perform odds over rolling 90-day windows (+0.4% avg 90D alpha vs SPY • 53.5% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C-

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE+0.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for CMS)Realized 20D OHLCV Swing Band: ±3.8%

Deterministic 5-Pillar Attribution (60/100 Composite)

🔍 WHY CMS SCORES 60/100 (C-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (27% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: Whale & Options Positioning+13/20 pts (22% of score)

20D Institutional Volume Accumulation (±3.8% realized swing band)

▼ #1 Drag / Risk Factor: Macro Regime Fit9/20 pts (-11 pt drag)

Macro rate sensitivity & RSI-14 (62.5) create a -11 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C-$66.82+2% Next Q

Q2 (-2Q)

Grade C$68.13+0.1% Next Q

Q3 (-1Q)

Grade C$68.21+3.7% Next Q

Current

Grade C-$70.76+0.4% Hist 90D α

Trajectory: C- (52) → C- (60)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the CMS Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 60/100 (C-) score, CMS faces multiple-compression risk if 20.4x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($66.85) or 200D SMA ($72.55) invalidates the momentum regime and cuts Target Base ($71.40) toward Bear Floor ($55.69).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $CMS• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “CMS Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 60%NO 40%Trade / Inspect Odds →

CASH DIVIDEND + BUYBACK YIELD

5.2% Total Yield

3.4% Cash ($2.41/yr) + 1.8% Buybacks

PAYOUT SAFETY SPEEDOMETER

88/100 • FORTRESS PAYOUT

FREE CASH FLOW PAYOUT RATIO

25.9% of FCF

8 consecutive years of payout growth

INTERACTIVE DRIP & SHAREHOLDER-YIELD COMPOUNDER (12.6% EST. ANNUAL)

$10,000 Compounded Over 10 Years → $32,763

Est. Year-10 Shareholder Yield: $1,704/yr

Starting Investment: $10,000

Compounding Horizon: 10 Years

$11.3K

Yr 1

$12.7K

Yr 2

$14.3K

Yr 3

$16.1K

Yr 4

$18.1K

Yr 5

$20.4K

Yr 6

$22.9K

Yr 7

$25.8K

Yr 8

$29.1K

Yr 9

$32.8K

Yr 10

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher + Cash-Flow & Quality Compounder Desk

Cash-Fortress Compounders: Auditing Free Cash Flow & Yield Safety in CMS & A-Rated Leaders

✓12-month Bull/Base/Bear fair-value walkthrough on CMS and its top sector peer
✓Top Roarable A-Rated cash compounders with verified executive & 13F accumulation
✓Includes nightly RQD rating-change & forensic signal email alerts

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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Join Founding VIP Waitlist (No Card Required) →$100K Arena

CMS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -6.51%📐 HORIZONTAL RANGE

2026-11-03O $69.52H $70.76L $69.52C $70.76VOL 4.81M

RES: $78.71SUP: $60.16SMA50: $66.85SMA200: $72.55

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

CMS Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 CMS Butterfly Map → + Track CMS →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

14.0%/yr Implied 5Y Growth

vs. +13.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on CMS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for CMS. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for CMS today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (CMS)

Utilities Rank #32 of 116 ⚔️ NI vs CMS Full Matrix →

1. Head-to-Head Utilities Peer Comparison (CMS vs. NI, EVRG, LNT, AEE)

Industry: Power Generation (18 Tracked Issuers)

Across 116 tracked Utilities securities in the Roarable RQD universe, CMS Energy Corporation (CMS) ranks #32 by composite RQD confidence (60/100, grade C-) and #29 by equity capitalization ($21.99B). Within this direct 5-issuer industry benchmark cohort, AEE leads on earnings valuation at 19.3x trailing P/E, while NI leads on capital efficiency and profitability with 8.8% ROIC and — gross margin. LNT currently holds the highest overall quantitative score in the immediate peer group at 63/100 (C) compared with CMS at 60/100 (C-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
CMS ACTIVE CMS Energy Corporation	C-	60/100	20.4x	—	5.2%	+0.94%	$21.99B	Benchmark Subject
NI NiSource Inc	D	51/100	23.1x	—	8.8%	+0.65%	$21.38B	/ni-vs-cms →
EVRG Evergy Inc.	D	48/100	23.0x	—	5.2%	+0.72%	$19.81B	/evrg-vs-cms →
LNT Alliant Energy Corporation	C	63/100	22.6x	85.7%	4.6%	+1.91%	$18.58B	/lnt-vs-cms →
AEE Ameren Corporation	D	48/100	19.3x	—	5.1%	+0.80%	$30.60B	/aee-vs-cms →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000811156 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), CMS Energy Corporation (CMS) reported GAAP revenue of $8.30B (+13.5% vs. FY2024 revenue of $7.32B , and +14.4% cumulative change since FY2023) , GAAP net income of $1.07B, operating cash flow of $2.23B, and free cash flow of $1.86B (-8.8% YoY). On the balance sheet, CMS closed FY2025 with $39.94B in total assets against $17.81B in total debt (Altman Z-Score: 1.12, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$8.30B	$1.07B	$2.23B	$1.86B	$39.94B	$17.81B
FY2024 (FY)	2024-12-31	$7.32B	$1.00B	$2.37B	$2.04B	$35.92B	$15.19B
FY2023 (FY)	2023-12-31	$7.26B	$887.0M	$2.31B	$1.98B	$11.99B	$2.81B

3. CMS Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is CMS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does CMS compare to NI and EVRG in the Utilities sector?

What are the biggest fundamental strengths and SEC risk factors for CMS?

Where is CMS trading relative to its 50-day, 200-day, and 52-week technical levels?

CMS last traded at $70.76 (+0.94% on volume of 3,197,947 shares), positioning the stock +5.85% above its 50-day simple moving average ($66.85) and -2.47% below its 200-day simple moving average ($72.55). Across its 52-week range of $62.29 to $80.36, CMS sits at the 46.9% percentile with a 14-day RSI of 62.5 (BULLISH MOMENTUM) and an implied next-earnings move of ±3.8% ($68.07 to $73.45).

Direct Sub-Reports: CMS RQD Cockpit CMS 12M Forecast CMS Earnings & Move CMS Dividends & DRIP CMS Insiders & 13F CMS Whale Options CMS Profit Sankey CMS News & Why

ROARABLE RATING BRIEF • RQD 60/100 (C-) ✓ SEC XBRL & RQD VERIFIED

CMS — CMS Energy Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

CMS Energy Corporation (CMS) earns a live Roarable RQD composite score of 60/100, corresponding to a C- letter grade (Roarable Hold) at a spot price of $70.76 (+0.94% 1D, market capitalization $21.99B).

Fundamental Cash Engine (10/20): Anchored by return on invested capital (ROIC) of 5.2%, gross margin of —, operating margin of 20.8%, and free cash flow yield of 8.54%.
Whale 13F & Options Flow (13/20) + Insider Conviction (16/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (9/20) + Forensic Balance Sheet (12/20): Incorporates a 0.73x equity beta, Altman Z-Score of 1.12, Piotroski F-Score of 7/9, and Debt/Equity of 1.95x.

2. Business Model, Unit Margins & SEC Financial Trajectory

CMS Energy Corporation is a NYSE-listed issuer classified in the Utilities sector and Power Generation industry,. Reported figures show annual revenue of $8.30B for FY 2025, indicating a scale-oriented operating business.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), CMS Energy Corporation (CMS) reported $8.30B in annual revenue (up from $7.32B in FY2024, +13.5% YoY) and $1.07B in GAAP net income. Over the multi-year SEC filing window from FY2023 ($7.26B revenue, $887.0M net income) through FY2025, CMS scaled operating cash flow to $2.23B and free cash flow to $1.86B, backed by $39.94B in total assets against $17.81B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (C- • RQD 60/100): Company leadership has skin in the game with net positive insider conviction. Free cash flow yield of 8.54% and institutional whale pillar of 13/20. With Fundamental Cash Engine at 10/20 and Institutional Whale Flow at 13/20, sustained execution supports upside toward the upper end of the $62.29 – $80.36 52-week range.
🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 20.4x trailing P/E and 19.1x EV/EBITDA against 20.8% operating margins and a 0.73x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The Butterfly Supply-Chain Graph lists no upstream or downstream links and no proprietary signals, so no supply-chain dependencies can be mapped from the source data. Sector correlations, specific upstream fuel or equipment suppliers, and downstream customer concentration: — A prospective investor should monitor the price-target and earnings items above as the nearest available indicators of sector-level sentiment, while recognizing that the graph itself does not establish causal ripples.

Key Question #1: Can CMS sustain or expand its 20.8% operating margin and 5.2% ROIC against Power Generation peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $8.30B and free cash flow of $1.86B, how will capital allocation balance growth reinvestment against $17.81B in total debt?
Key Question #3: How sensitive is CMS's 17.1x forward P/E multiple to Utilities capital spending cycles and macro interest-rate shifts (Beta 0.73x)?

CMS Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for CMS Energy Corporation (CMS) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to CMS Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 22h ago

Here's What to Expect From CMS Energy's Next Earnings Report

Yahoo Finance report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH TradingView • 1d ago

CMS Energy Corporation Stock 12‑Month Price Target Cut to $75.25, Implies 10% Upside

TradingView report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE InsuranceNewsNet • 1d ago

436,250 CMS Energy Corporation $CMS Shares Purchased by Assenagon Asset Management S.A.

InsuranceNewsNet report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 1d ago

CMS Energy Corporation 2026 Q3 - Results - Earnings Call Presentation (NYSE:CMS) 2026-10-27

Seeking Alpha report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE www.marketscreener.com • 1d ago

CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock

www.marketscreener.com report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

CMS Energy Q3 Earnings Top Estimates, Revenues Increase Y/Y

Yahoo Finance report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

CMS Energy (NYSE:CMS) Stock Forecast & Analyst Predictions

Simply Wall St report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com UK • 1d ago

Form 8K CMS Energy Corporation For: 27 October By Investing.com

Investing.com UK report covering CMS Energy Corporation (CMS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

CMS Bull vs. Bear Conversation Board — What's Your Call at $70.76?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON CMS 🐻 33% BEARISH CONVICTION

DE DeltaGamma_99 RQD DEBATE OPENER • Options Flow Specialist 🐂 BULLISH 🎯 Target: $91.13 (+30.0%)

📌 Pinned Debate

Forward P/E of 17.1 and an 8.54% FCF yield offer valuation support relative to trailing earnings.

Here is why I am bullish on CMS here at $70.10: Forward P/E of 17.1 and an 8.54% FCF yield offer valuation support relative to trailing earnings.. Compare CMS's 20.8% operating margin and 5.2% ROIC against the rest of Power Generation. As long as cash conversion holds up, dips toward $66.59 are getting bought.

CapAlloc_Nerd 🐂 BULL

@MeanReversion_88 Fair point on 20.4x trailing P/E, but you're ignoring the forward operating leverage in Power Generation. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

ME MeanReversion_88 RQD DEBATE OPENER • Quantitative Statistical Arb 🐻 BEARISH 🎯 Target: $53.98 (-23.0%)

Spot @ $70.10

ROIC of 5.2% and Debt/Equity of 1.95 combine weak capital returns with elevated leverage.

Careful chasing CMS at $70.10. ROIC of 5.2% and Debt/Equity of 1.95 combine weak capital returns with elevated leverage.. Gross margin is 0.0%, but operating margin is 20.8%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $53.98 on multiple compression.