KeyCorp Weighs in on CMS Energy’s FY2026 Earnings (NYSE:CMS)

CMS Energy Corporation (NYSE:CMS – Free Report) – Research analysts at KeyCorp boosted their FY2026 earnings estimates for CMS Energy in a research report issued to clients and investors on Monday, October 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will earn $3.88 per share for the year, up from their previous estimate of $3.87. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.87 per share. KeyCorp also issued estimates for CMS Energy’s FY2027 earnings at $4.16 EPS, FY2028 earnings at $4.43 EPS, FY2029 earnings at $4.78 EPS and FY2030 earnings at $5.17 EPS.

CMS Energy (NYSE:CMS – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS.

Several other brokerages have also commented on CMS. JPMorgan Chase & Co. raised their price target on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays lifted their price target on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Mizuho reduced their price objective on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Morgan Stanley decreased their price objective on CMS Energy from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Finally, Truist Financial decreased their price objective on CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.19.

Get Our Latest Stock Analysis on CMS Energy

CMS Energy Trading Up 0.7%

CMS Energy stock opened at $66.29 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $67.23 and a two-hundred day moving average price of $72.21. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.41 and a beta of 0.32. CMS Energy has a 52-week low of $62.28 and a 52-week high of $80.36.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently modified their holdings of the stock. GQG Partners LLC acquired a new stake in shares of CMS Energy during the second quarter worth $363,388,000. Pictet Asset Management Holding SA lifted its holdings in shares of CMS Energy by 16.7% during the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after purchasing an additional 595,564 shares during the last quarter. Magellan Asset Management Ltd purchased a new stake in shares of CMS Energy during the second quarter valued at $194,237,000. Legal & General Group Plc acquired a new position in shares of CMS Energy in the 2nd quarter valued at $189,370,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of CMS Energy by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock valued at $122,657,000 after purchasing an additional 50,475 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 7th. CMS Energy’s dividend payout ratio is 68.47%.

About CMS Energy

(Get Free Report)

CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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