S&P 500 comparison · Utilities

CMS Energy vs Dominion Energy

Prices at close . Model readings .

CMS Energy

$68.21−1.14%
Month: negativeLong run: neutral

Dominion Energy

$64.28−1.65%
Month: negative
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Dominion Energy is the larger company by market value ($56.53B against $21.39B). Over the past year CMS Energy returned −5.7% and Dominion Energy +9.1%, while the S&P 500 returned +12.7%. The latest filed P/E is 19.9 for CMS Energy and 20.7 for Dominion Energy, and the operating margin 17.3% against 30%. Over the next 21 sessions the model expects −0.32% for CMS Energy, with a 63% chance of a rise, and −0.37% for Dominion Energy, with a 33% chance. CMS Energy's long-run fair value is $73.19, a gap of +7.3% to its price; the long-run model view is neutral. Dominion Energy has no published fair value today.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
CMS−0.32%
D−0.37%
Chance of a risenext 21 sessions
CMS63%
D33%
Expected returnnext 63 sessions
CMS+0.26%
D+0.67%
Range of outcomes63 sessions, 80% band
CMS−12.4% to +12.9%
D−13.3% to +14.7%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
CMS$73.1928 Oct 2026
D—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
Gap to pricefair value against the close
CMS+7.3%
D—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
Past readings that matchedsign of the 21-session outcome
CMS45.4%of 269
D51.5%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
CMS+7.5%
D+6%
6 monthsS&P 500: +8.5%
CMS−7.3%
D+3.9%
Year to dateS&P 500: +13.3%
CMS−0.2%
D+12%
1 yearS&P 500: +12.7%
CMS−5.7%
D+9.1%
5 yearsS&P 500: +70.7%
CMS+31%
D+4.1%
1 year against the S&P 500percentage points
CMS−18.4 pts
D−3.6 pts
Position in the 52-week range0% low, 100% high
CMS35%close $68.21 in $62.29 to $79.10
D52%close $64.28 in $54.71 to $72.99
Against the 200-day average
CMS−5.1%
D−0.1%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (CMS), (D)
Market value
CMS$21.39B28 Oct 2026
D$56.53B28 Oct 2026
Enterprise valueat the last filing
CMS$37.08B30 Sep 2026
D$106.34B30 Jun 2026
P/Elatest filed
CMS19.9
D20.7
Price to book
CMS2.26
D2.02
EV / EBITDA
CMS12.92
D15.34
Free cash flow yield
CMS3.89%
D6.85%
Dividend yield
CMS0.07%
D2.85%
Questions

CMS Energy or Dominion Energy: common questions

Which is larger by market value, CMS Energy or Dominion Energy?

Dominion Energy, at $56.53B against $21.39B for CMS Energy, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, CMS Energy or Dominion Energy?

Dominion Energy has the higher latest filed P/E, 20.7; CMS Energy's is 19.9. Filings: quarter to 30 Sep 2026 and 30 Jun 2026.

How did CMS Energy and Dominion Energy move over the past year against the S&P 500?

Over the past year CMS Energy returned −5.7% and Dominion Energy +9.1%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for CMS Energy and Dominion Energy over the next month?

−0.32% for CMS Energy with a 63% chance of a rise, and −0.37% for Dominion Energy with a 33% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of CMS Energy and Dominion Energy compare?

The operating margin is 17.3% for CMS Energy and 30% for Dominion Energy, and the gross margin 17.3% against 30%. Filings: quarter to 30 Sep 2026 and 30 Jun 2026.

Do CMS Energy and Dominion Energy shares move together?

Over the past year the correlation of their daily returns was 0.65 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

In the consoleCompare up to four companies with every model readingMembers see the 63-session chance of a rise and all four horizons, side by side in Research › Compare.
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The two company pagesCMS Energy (CMS) forecast and analysisDominion Energy (D) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.