CMS Energy (NYSE:CMS) Announces Quarterly Earnings Results

Key Points

• EPS beat: CMS Energy reported Q earnings of $1.13 per share, beating the $0.72 consensus by $0.41, and updated FY2026 guidance to 3.830–3.90 EPS.
• The company declared a quarterly dividend of $0.57 (ex-dividend May 8, payable May 29), representing an annualized $2.28 and a ~3.0% yield with a payout ratio of 64.59%.
• Wall Street sentiment is broadly positive — Truist initiated coverage with a "buy" ($86 PT), Bank of America raised its target to $88, and the consensus target is $81.67 with an average rating of "Moderate Buy".

CMS Energy (NYSE:CMS - Get Free Report) announced its earnings results on Tuesday. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.41, FiscalAI reports. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. CMS Energy updated its FY 2026 guidance to 3.830-3.90 EPS.

CMS Energy Stock Down 0.4%

Shares of NYSE:CMS opened at $76.00 on Tuesday. The firm's 50 day moving average price is $77.12 and its 200 day moving average price is $74.03. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.76 and a beta of 0.43. CMS Energy has a fifty-two week low of $67.71 and a fifty-two week high of $80.36. The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $2.28 annualized dividend and a yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is 64.59%.

Insider Activity

In other news, Director Diane Leopold bought 2,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average price of $76.70 per share, with a total value of $153,400.00. Following the completion of the acquisition, the director directly owned 2,769 shares in the company, valued at $212,382.30. The trade was a 260.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Russell sold 14,914 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the completion of the sale, the director directly owned 131,568 shares in the company, valued at approximately $9,966,276. This trade represents a 10.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,664 shares of company stock worth $1,579,506 in the last ninety days. 0.50% of the stock is owned by insiders.

Institutional Trading of CMS Energy

Several hedge funds have recently added to or reduced their stakes in CMS. Bison Wealth LLC acquired a new stake in CMS Energy in the fourth quarter valued at approximately $312,000. Integrated Wealth Concepts LLC acquired a new stake in CMS Energy during the first quarter worth approximately $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CMS Energy by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider's stock worth $2,602,000 after purchasing an additional 3,367 shares in the last quarter. Empowered Funds LLC raised its holdings in CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider's stock worth $510,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider's stock worth $1,896,000 after purchasing an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analyst Weigh In

CMS has been the subject of several recent research reports. Truist Financial initiated coverage on shares of CMS Energy in a research note on Tuesday, April 21st. They issued a "buy" rating and a $86.00 price objective for the company. Bank of America raised their price objective on shares of CMS Energy from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of CMS Energy in a research note on Wednesday, January 21st. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of CMS Energy from $80.00 to $81.00 and gave the company an "overweight" rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, CMS Energy has an average rating of "Moderate Buy" and a consensus target price of $81.67.

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.

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