CMS Energy names new CFO, affirms financial guidance
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CMS Energy ( (CMS) ) just unveiled an update.
On June 3, 2026, CMS Energy announced the retirement of executive vice president and chief financial officer Rejji P. Hayes and the appointment of longtime company executive Srikanth (Sri) Maddipati as his successor, with immediate effect. Maddipati, who has held senior finance and electric supply roles since joining CMS in 2014 and previously worked at Goldman Sachs, will oversee investor relations, treasury, tax, accounting and financial planning, and his promotion underscores the company’s emphasis on internal succession and continuity in financial leadership.
As part of the leadership reshuffle, Consumers Energy executive Chris Fultz was promoted to senior vice president and president of the electric supply business unit, consolidating oversight of electric supply planning, market operations and generation under a seasoned operations leader. CMS also disclosed a new compensation package for Maddipati, including a higher incentive award target and tenure-based restricted stock, while reaffirming its previously issued financial guidance as of June 3, 2026, signaling stability for investors amid the executive transition.
The most recent analyst rating on (CMS) stock is a Hold
with a $77.00 price target.
To see the full list of analyst forecasts on CMS Energy stock,
see the CMS Stock Forecast page.
Spark’s Take on CMS Stock
According to Spark, TipRanks’ AI Analyst, CMS is a Neutral.
The score is driven primarily by stable utility earnings and reaffirmed growth/guidance, tempered by structurally negative free cash flow and high leverage that increase dependence on ongoing financing. Technicals are currently weak, while valuation is supportive with a reasonable P/E and ~3% dividend yield.
To see Spark’s full report on CMS stock,
click here.
More about CMS Energy
CMS Energy (NYSE: CMS) is a Michigan-based energy provider whose primary business is Consumers Energy, a regulated utility supplying electric and natural gas service, and it also owns and operates independent power generation businesses. The company’s operations span electric supply planning, generation, transmission and distribution, positioning it as a key player in the regional energy market.
Average Trading Volume: 2,767,331
Technical Sentiment Signal: Buy
Current Market Cap: $22.2B
For detailed information about CMS stock, go to TipRanks’ Stock Analysis page.
