CMS Energy (NYSE:CMS) Issues Earnings Results, Beats Estimates By $0.01 EPS

CMS Energy (NYSE:CMS) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01, FiscalAI reports. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $0.71 EPS. CMS Energy’s quarterly 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 Stock Performance

Shares of CMS Energy stock traded up $0.67 during trading on Wednesday, reaching $75.04. The company’s stock had a trading volume of 112,403 shares, compared to its average volume of 3,155,050. CMS Energy has a one year low of $68.64 and a one year high of $80.36. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.69 and a beta of 0.35. The business’s fifty day moving average price is $74.28 and its 200-day moving average price is $74.79.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.57 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. CMS Energy’s payout ratio is presently 62.98%.

CMS Energy News Roundup

Here are the key news stories impacting CMS Energy this week:

• Positive Sentiment: CMS Energy reaffirmed a focus on regulated electric and gas operations, where rising electricity demand could support long-term investment and rate-base growth. The company also raised or introduced 2027 adjusted EPS guidance of $4.08–$4.17, while emphasizing utility infrastructure investments. CMS Energy forecasts 2027 profit below estimates, exits non-utility renewables business
• Positive Sentiment: Second-quarter adjusted EPS of $0.37 slightly exceeded the roughly $0.36 analyst consensus, and CMS Energy maintained full-year 2026 EPS guidance of approximately $4.08–$4.17, above the consensus estimate cited in the reports. CMS Energy second-quarter earnings results
• Neutral Sentiment: CMS Energy subsidiary NorthStar Clean Energy Services will exit the non-utility renewables development business. The move should reduce exposure to a less predictable, capital-intensive operation, but may limit future growth in renewable projects. CMS Energy Announces Second Quarter Results and Strategic Decision
• Negative Sentiment: Quarterly earnings fell sharply from $0.71 to $0.37 per share year over year. Revenue declined 0.5% to $1.83 billion, below the $1.87 billion consensus, while operating income also weakened. CMS Energy Q2 Earnings Match Estimates, Revenues Decrease Year Over Year
• Negative Sentiment: The 2027 EPS outlook was reported as below Wall Street expectations, reinforcing concerns that near-term profit growth may be limited even as CMS Energy invests to meet demand. CMS Energy Shares Decline After Second-Quarter Earnings

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CMS Energy

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC increased its position in CMS Energy by 65.0% during the fourth quarter. Corient Private Wealth LLC now owns 89,490 shares of the utilities provider’s stock worth $6,258,000 after acquiring an additional 35,255 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in CMS Energy by 19.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,287 shares of the utilities provider’s stock valued at $1,908,000 after purchasing an additional 4,483 shares during the period. Braeburn Wealth Management LLC acquired a new stake in CMS Energy in the 4th quarter worth $858,000. Delta Global Management LP acquired a new stake in CMS Energy in the 4th quarter worth $935,000. Finally, Mackenzie Financial Corp grew its position in CMS Energy by 7.2% in the 4th quarter. Mackenzie Financial Corp now owns 33,319 shares of the utilities provider’s stock worth $2,342,000 after purchasing an additional 2,247 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMS shares. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. Finally, KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average price target of $81.75.

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.