CMS Energy (NYSE:CMS) Releases FY 2026 Earnings Guidance

CMS Energy (NYSE:CMS) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.080-4.170 for the period, compared to the consensus earnings per share estimate of 3.880. The company issued revenue guidance of -.

CMS Energy Stock Performance

Shares of CMS Energy stock traded up $0.67 during trading on Wednesday, hitting $75.03. 142,959 shares of the company’s stock were exchanged, compared to its average volume of 3,155,730. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.69 and a beta of 0.35. The business has a 50-day simple moving average of $74.28 and a 200-day simple moving average of $74.79. CMS Energy has a 52-week low of $68.64 and a 52-week 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.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, research analysts forecast that CMS Energy will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

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

Analysts Set New Price Targets

CMS has been the topic of several recent research reports. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a research report on Thursday, July 16th. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a research note on Tuesday, April 21st. Barclays increased their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Finally, KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.75.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the 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 completion of the transaction, the senior vice president directly owned 67,111 shares in the company, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Trending Headlines about CMS Energy

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMS. Soroban Capital Partners LP boosted its holdings in shares of CMS Energy by 215.8% in the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock valued at $99,429,000 after buying an additional 980,733 shares in the last quarter. Freestone Grove Partners LP acquired a new position in CMS Energy in the fourth quarter valued at $64,824,000. Millennium Management LLC grew its holdings in shares of CMS Energy by 156.6% during the fourth quarter. Millennium Management LLC now owns 899,709 shares of the utilities provider’s stock worth $62,917,000 after purchasing an additional 549,032 shares during the last quarter. Bank of Nova Scotia increased its position in shares of CMS Energy by 364.4% during the fourth quarter. Bank of Nova Scotia now owns 613,021 shares of the utilities provider’s stock worth $42,869,000 after purchasing an additional 481,004 shares in the last quarter. Finally, Zimmer Partners LP boosted its position in shares of CMS Energy by 129.8% in the 3rd quarter. Zimmer Partners LP now owns 694,400 shares of the utilities provider’s stock valued at $50,872,000 after purchasing an additional 392,262 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

About CMS Energy

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.