CMS Energy (NYSE:CMS – Get Free Report) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01, FiscalAI reports. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.71 EPS. CMS Energy’s revenue was down .5% compared to the same quarter last year. CMS Energy updated its FY 2026 guidance to 4.080-4.170 EPS.
Here are the key takeaways from CMS Energy’s conference call:
- CMS Energy plans to exit non-utility renewable development, retaining Michigan-based assets such as Dearborn Industrial Generation, gas peakers, and commercial solar projects. Management expects the restructuring to reduce parent funding needs by more than $500 million through 2030 and make nearly all future earnings rate-base driven.
- The company reaffirmed 2026 adjusted EPS guidance of $3.83–$3.90, with confidence toward the high end, and introduced 2027 guidance of $4.08–$4.17. Management continues to target 6%–8% long-term annual EPS growth.
- CMS Energy signed agreements with a large data-center customer under its large-load tariff, but the project still requires local zoning approval. The company plans to include the associated load growth in its September integrated resource plan and estimates each new gigawatt could provide roughly $7.50 per month in bill benefits for the average residential electric customer.
- The utility’s $24 billion investment plan is expected to support 10.5% compounded rate-base growth, with potential upside from $2 billion of additional utility renewable investment and $1 billion of electric distribution reliability projects not yet included in the base plan.
- First-half results faced pressure from storm-related costs, unfavorable weather comparisons, and operating expenses, although management expects a constructive outcome in its storm-referral docket and normalized storm activity to help offset the headwinds during the remainder of 2026.
CMS Energy Trading Down 2.8%
CMS Energy stock traded down $2.06 during trading on Thursday, reaching $72.30. 793,172 shares of the company were exchanged, compared to its average volume of 3,163,667. The stock’s 50 day simple moving average is $74.31 and its two-hundred day simple moving average is $74.82. The company has a market capitalization of $22.34 billion, a P/E ratio of 21.69, a PEG ratio of 2.69 and a beta of 0.35. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.31 and a quick ratio of 0.66. CMS Energy has a 52-week low of $68.64 and a 52-week high of $80.36.
CMS Energy Dividend Announcement
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on CMS shares. Morgan Stanley set a $77.00 target price on CMS Energy in a research report on Thursday, May 21st. KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. UBS Group restated a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.83.
View Our Latest Analysis on CMS
Insider Activity
In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On CMS Energy
Hedge funds have recently modified their holdings of the company. DV Equities LLC purchased a new position in CMS Energy during the fourth quarter worth about $29,000. MUFG Securities EMEA plc purchased a new stake in shares of CMS Energy in the 2nd quarter valued at approximately $61,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of CMS Energy by 74.2% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 939 shares of the utilities provider’s stock worth $66,000 after buying an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of CMS Energy during the 4th quarter valued at approximately $144,000. Finally, Virtus Investment Advisers LLC purchased a new stake in shares of CMS Energy during the 4th quarter valued at approximately $163,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.
CMS Energy Company Profile
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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