What is KeyCorp’s Forecast for CMS Energy Q2 Earnings?

CMS Energy Corporation (NYSE:CMS) – Research analysts at KeyCorp cut their Q2 2026 EPS estimates for CMS Energy in a note issued to investors on Wednesday, July 22nd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.62. 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 Q4 2026 earnings at $1.18 EPS.

Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a report on Thursday, July 16th. Truist Financial reduced their target price on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Bank of America increased their target price on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. BMO Capital Markets raised their price target on CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.33.

CMS Energy Trading Up 0.4%

Shares of CMS opened at $74.55 on Monday. CMS Energy has a fifty-two week low of $68.64 and a fifty-two week high of $80.36. The company has a market capitalization of $23.03 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.35. The stock has a fifty day moving average of $74.28 and a two-hundred day moving average of $74.79. 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 earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. CMS Energy’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, August 7th. CMS Energy’s dividend payout ratio is presently 62.98%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy 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 transaction, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

Large investors have recently modified their holdings of the company. Tema ETFs LLC lifted its stake in shares of CMS Energy by 8.9% in the 2nd quarter. Tema ETFs LLC now owns 3,532 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 290 shares in the last quarter. Fulton Bank N.A. increased its position in CMS Energy by 9.0% during the 2nd quarter. Fulton Bank N.A. now owns 6,337 shares of the utilities provider’s stock worth $485,000 after purchasing an additional 524 shares in the last quarter. Everpar Advisors LLC acquired a new stake in CMS Energy during the 2nd quarter worth approximately $375,000. Hennion & Walsh Asset Management Inc. raised its holdings in CMS Energy by 8.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 53,371 shares of the utilities provider’s stock valued at $4,083,000 after buying an additional 4,297 shares during the period. Finally, Czech National Bank raised its holdings in CMS Energy by 5.4% in the second quarter. Czech National Bank now owns 87,930 shares of the utilities provider’s stock valued at $6,727,000 after buying an additional 4,478 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting CMS Energy

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

• Positive Sentiment: 2026 guidance exceeded expectations: CMS Energy raised or reaffirmed fiscal 2026 adjusted EPS guidance at $4.08-$4.17, above the approximately $3.88-$3.87 analyst consensus. This provides near-term earnings support. CMS Energy earnings and guidance
• Positive Sentiment: Quarterly EPS slightly beat estimates: Second-quarter adjusted EPS was $0.37, versus the $0.36 consensus estimate. The company is also emphasizing its regulated utility business and investments intended to serve rising electricity demand, a strategy that could improve earnings visibility over time. CMS Energy second-quarter results
• Neutral Sentiment: Strategic portfolio shift: CMS said it will exit non-utility renewables development through its NorthStar Clean Energy Services business, allowing greater focus on regulated operations. The move may reduce exposure to development risks but also limits potential growth from renewable projects. CMS Energy 2027 forecast and renewables exit
• Negative Sentiment: 2027 outlook disappointed: CMS Energy forecast 2027 adjusted profit below Wall Street expectations, creating a potential overhang for the stock despite the favorable 2026 guidance. Reuters report on CMS Energy outlook
• Negative Sentiment: Year-over-year earnings weakened: Second-quarter EPS fell from $0.71 or $0.66 a year earlier, depending on the reporting measure, while revenue declined slightly to $1.83 billion from the prior year and missed the $1.87 billion consensus. Operating income also decreased year over year. CMS Energy Q2 earnings analysis

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.