CMS Energy Corporation (CMS)
CMS Energy Corporation (NYSE: CMS), headquartered in Jackson, Michigan, is a leading energy provider primarily engaged in the generation, transmission, and distribution of electricity and natural gas. The company operates through its subsidiary, Consumers Energy, which serves approximately 6.7 million residents across the state. Committed to sustainability and innovation, CMS Energy is investing in renewable energy sources and enhancing its infrastructure to meet the evolving energy demands. With a strong focus on customer service and community engagement, CMS Energy is well-positioned to support Michigan's energy future while delivering value to its shareholders.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 19.24% per annum.
- CMS price at the close of December 10, 2025 was $70.01 and was lower than the bottom border of the primary price channel by $1.18 (1.66%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.45% per annum.
- CMS price at the close of December 10, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CMS price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 7, 2023
End date: December 1, 2025
a = 3.4644
b = 0.0005
s = 0.0395
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 19.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0395) – 1
= 17.10%
August 7, 2023 calculations
Top border of price channel:
Exp(Y665)
= Exp(a + b × X665 + 2 × s)
= Exp(a + b × 969 + 2 × s)
= Exp(3.4644 + 0.0005 × 969 + 2 × 0.0395)
= Exp(4.0105)
= $55.18
Bottom border of price channel:
Exp(Y665)
= Exp(a + b × X665 – 2 × s)
= Exp(a + b × 969 – 2 × s)
= Exp(3.4644 + 0.0005 × 969 – 2 × 0.0395)
= Exp(3.8526)
= $47.12
December 1, 2025 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,816 + 2 × s)
= Exp(3.4644 + 0.0005 × 1,816 + 2 × 0.0395)
= Exp(4.4189)
= $83.01
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,816 – 2 × s)
= Exp(3.4644 + 0.0005 × 1,816 – 2 × 0.0395)
= Exp(4.2610)
= $70.88
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 19.24% per annum.
- CMS price at the close of December 10, 2025 was $70.01 and was lower than the bottom border of the primary price channel by $1.18 (1.66%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 12, 2024
End date: December 10, 2025
a = 3.8449
b = 0.0002
s = 0.0281
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 9.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0281) – 1
= 11.92%
August 12, 2024 calculations
Top border of price channel:
Exp(Y920)
= Exp(a + b × X920 + 2 × s)
= Exp(a + b × 1,340 + 2 × s)
= Exp(3.8449 + 0.0002 × 1,340 + 2 × 0.0281)
= Exp(4.2328)
= $68.91
Bottom border of price channel:
Exp(Y920)
= Exp(a + b × X920 – 2 × s)
= Exp(a + b × 1,340 – 2 × s)
= Exp(3.8449 + 0.0002 × 1,340 – 2 × 0.0281)
= Exp(4.1202)
= $61.57
December 10, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.8449 + 0.0002 × 1,825 + 2 × 0.0281)
= Exp(4.3528)
= $77.69
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.8449 + 0.0002 × 1,825 – 2 × 0.0281)
= Exp(4.2402)
= $69.42
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.45% per annum.
- CMS price at the close of December 10, 2025 was inside the secondary price channel.