CMS
CMS Energy Corporation Utilities - Utilities - Regulated Electric Investor Relations →
CMS Energy Corporation (CMS) closed at $72.84 as of 2026-02-02, trading 18.6% above its 200-week moving average of $61.40. The stock moved further from the line this week, up from 16.5% last week. The 14-week RSI sits at 50, indicating neutral momentum.
Over the past 2715 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 $22.2 billion, CMS is a large-cap stock. The company generates a free cash flow yield of 2.9%. Return on equity stands at 10.9%. The stock trades at 2.5x book value.
Share count has increased 3.1% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in CMS would have grown to $1054, compared to $2849 for the S&P 500. CMS has returned 7.4% annualized vs 10.6% 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.
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% | +819.6% |
| Apr 1979 | Jun 1979 | 10 | 8.9% | -14.6% | +927.1% |
| Jul 1979 | Oct 1982 | 168 | 28.3% | -12.6% | +903.6% |
| Jul 1983 | Aug 1983 | 4 | 1.5% | -73.8% | +1111.3% |
| Nov 1983 | Mar 1986 | 121 | 72.4% | -72.4% | +1210.7% |
| May 1986 | May 1986 | 1 | 1.2% | +49.0% | +1729.5% |
| Jun 1986 | Jun 1986 | 2 | 2.3% | +56.8% | +1748.8% |
| Jul 1986 | Aug 1986 | 2 | 1.7% | +42.6% | +1768.5% |
| Sep 1986 | Sep 1986 | 2 | 4.5% | +45.2% | +1788.5% |
| May 1991 | May 1991 | 1 | 2.4% | -34.3% | +769.1% |
| Jun 1991 | May 1993 | 100 | 40.6% | -35.7% | +743.4% |
| Apr 1994 | Apr 1994 | 1 | 0.5% | +15.0% | +824.6% |
| May 1994 | May 1994 | 2 | 2.3% | +14.7% | +846.6% |
| Jun 1994 | Jul 1994 | 2 | 6.4% | +31.3% | +898.4% |
| Sep 1999 | Oct 1999 | 5 | 8.5% | -20.2% | +370.1% |
| Nov 1999 | Feb 2005 | 275 | 82.8% | -13.9% | +367.1% |
| Mar 2008 | Mar 2008 | 4 | 4.0% | -18.4% | +853.1% |
| Jun 2008 | Nov 2009 | 71 | 37.4% | -12.2% | +814.2% |
| Sep 2022 | Nov 2022 | 6 | 7.4% | -5.8% | +38.8% |
| Mar 2023 | Mar 2023 | 1 | 1.3% | +7.4% | +37.0% |
| May 2023 | Jun 2023 | 3 | 2.9% | +10.7% | +34.6% |
| Jun 2023 | Jul 2023 | 2 | 0.6% | +5.2% | +34.7% |
| Jul 2023 | Nov 2023 | 17 | 9.6% | +18.6% | +36.7% |
| Dec 2023 | Dec 2023 | 1 | 1.2% | +20.3% | +35.5% |
| Jan 2024 | Feb 2024 | 5 | 3.4% | +24.6% | +37.4% |
| Apr 2024 | Apr 2024 | 1 | 0.4% | +28.5% | +33.3% |
| Average | 35 | — | +0.6% | — |
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 Friday close, 2026-02-02