CMS
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CMS Energy Corporation (CMS) closed at $74.42 as of 2026-03-20, trading 21.2% above its 200-week moving average of $61.39. The stock is currently moving closer to the line, down from 26.9% last week. The 14-week RSI sits at 63, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.97 ratio) is neutral — neither side is clearly dominating.
Over the past 2721 weeks of data, CMS has crossed below its 200-week moving average 26 times. On average, these episodes lasted 35 weeks. Historically, investors who bought CMS at the start of these episodes saw an average one-year return of +0.6%.
With a market cap of $22.8 billion, CMS is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 10.9%. The stock trades at 2.6x book value.
Share count has increased 5.2% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in CMS would have grown to $1084, compared to $2683 for the S&P 500. CMS has returned 7.4% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CMS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CMS Crosses Below the Line?
Across 17 historical episodes, buying CMS when it crossed below its 200-week moving average produced an average return of +5.7% after 12 months (median +8.0%), compared to +13.2% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +22.8% vs +31.2% for the index.
Each line shows $100 invested at the moment CMS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CMS has crossed below its 200-week MA 26 times with an average 1-year return of +0.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1974 | Dec 1975 | 100 | 56.0% | -41.4% | +846.5% |
| Apr 1979 | Jun 1979 | 10 | 8.9% | -14.6% | +957.2% |
| Jul 1979 | Oct 1982 | 168 | 28.3% | -12.6% | +933.1% |
| Jul 1983 | Aug 1983 | 4 | 1.5% | -73.8% | +1146.8% |
| Nov 1983 | Mar 1986 | 121 | 72.4% | -72.4% | +1249.2% |
| May 1986 | May 1986 | 1 | 1.2% | +49.0% | +1783.2% |
| Jun 1986 | Jun 1986 | 2 | 2.3% | +56.8% | +1803.0% |
| Jul 1986 | Aug 1986 | 2 | 1.7% | +42.6% | +1823.3% |
| Sep 1986 | Sep 1986 | 2 | 4.5% | +45.2% | +1843.9% |
| May 1991 | May 1991 | 1 | 2.4% | -34.3% | +794.6% |
| Jun 1991 | May 1993 | 100 | 40.6% | -35.7% | +768.2% |
| Apr 1994 | Apr 1994 | 1 | 0.5% | +15.0% | +851.7% |
| May 1994 | May 1994 | 2 | 2.3% | +14.7% | +874.4% |
| Jun 1994 | Jul 1994 | 2 | 6.4% | +31.3% | +927.7% |
| Sep 1999 | Oct 1999 | 5 | 8.5% | -20.2% | +383.9% |
| Nov 1999 | Feb 2005 | 275 | 82.8% | -13.9% | +380.8% |
| Mar 2008 | Mar 2008 | 4 | 4.0% | -18.4% | +881.1% |
| Jun 2008 | Nov 2009 | 71 | 37.4% | -12.2% | +841.0% |
| Sep 2022 | Nov 2022 | 6 | 7.4% | -5.8% | +42.9% |
| Mar 2023 | Mar 2023 | 1 | 1.3% | +7.4% | +41.0% |
| May 2023 | Jun 2023 | 3 | 2.9% | +10.7% | +38.5% |
| Jun 2023 | Jul 2023 | 2 | 0.6% | +5.2% | +38.6% |
| Jul 2023 | Nov 2023 | 17 | 9.6% | +18.6% | +40.7% |
| Dec 2023 | Dec 2023 | 1 | 1.2% | +20.3% | +39.5% |
| Jan 2024 | Feb 2024 | 5 | 3.4% | +24.6% | +41.5% |
| Apr 2024 | Apr 2024 | 1 | 0.4% | +28.5% | +37.2% |
| Average | 35 | — | +0.6% | — |
Frequently Asked Questions
Is CMS below its 200-week moving average?
No. CMS Energy Corporation (CMS) is currently 21.2% above its 200-week moving average of $61.39. It would need to fall to $61.39 to cross below the line.
What is CMS's 200-week moving average price?
CMS Energy Corporation's 200-week moving average is $61.39 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CMS drops below its 200-week moving average?
CMS has crossed below its 200-week moving average 26 times in our data. On average, buying at that moment produced a one-year return of +0.6%. These dips have historically been decent entry points. These episodes lasted 35 weeks on average.
Is CMS a good value right now?
Here's what our data says about CMS as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 63. Free cash flow is currently negative. Return on equity is 10.9%. Price-to-book is 2.6x. This is not a buy or sell recommendation — always do your own research.
How does CMS compare to the S&P 500?
Over the past 33.2 years, $100 invested in CMS would have grown to $1084, compared to $2683 for the S&P 500. That's 7.4% annualized vs 10.4% for the index. CMS has underperformed the broader market over this period.
Does CMS pay a dividend?
Yes. CMS Energy Corporation currently pays a dividend yield of 306.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20