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Compare · CMS vs WEC

CMS vs WEC

Side-by-side comparison of CMS Energy Corporation (CMS) and WEC Energy Group Inc. (WEC): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both CMS and WEC operate in Power Generation (Utilities), so they compete in similar markets.
  • WEC is the larger of the two at $36.79B, about 1.7x CMS ($22.25B).
  • Over the past year, CMS is up 3.4% and WEC is up 7.7% - WEC leads by 4.2 points.
  • CMS has been more active in the news (6 items in the past 4 weeks vs 5 for WEC).
  • Both have 25 recent analyst ratings on file.
PerformanceCMS+3.45%WEC+7.67%
2025-06-09+0.00%2026-06-05
MetricCMSWEC
Company
CMS Energy Corporation
WEC Energy Group Inc.
Price
$72.04+2.37%
$112.91+1.49%
Market cap
$22.25B
$36.79B
1M return
-2.70%
-0.90%
1Y return
+3.45%
+7.67%
Industry
Power Generation
Power Generation
Exchange
NYSE
NYSE
IPO
News (4w)
6
5
Recent ratings
25
25
CMS

CMS Energy Corporation

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 205 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 77,833 miles of electric distribution overhead lines; 9,264 miles of underground distribution lines; 1,096 substations; and 2 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,410 miles of transmission lines; 15 gas storage fields; 27,958 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It owns interests in independent power plants totalling 1,838 megawatts. The EnterBank segment operates an industrial bank providing unsecured installment loans for financing home improvements. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.

WEC

WEC Energy Group Inc.

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2020, it operated approximately 36,100 miles of overhead distribution lines and 34,900 miles of underground distribution cables, as well as 450 electric distribution substations and 507,900 line transformers; 50,300 miles of natural gas distribution mains; 1,100 miles of natural gas transmission mains; 2.3 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.

Latest CMS

Latest WEC