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

Key Points

• FY 2026 EPS guidance: CMS Energy set FY 2026 EPS guidance at $3.83–$3.90, roughly in line with the consensus estimate of $3.88.
• Quarterly earnings beat: The company reported Q1 EPS of $1.13, beating the consensus estimate of $0.72 by $0.41.
• Dividend announced: CMS declared a $0.57 quarterly dividend ($2.28 annualized) with an ex-dividend/record date of May 8 and payment on May 29, implying about a 3.0% yield.

CMS Energy (NYSE:CMS - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.830-3.90 for the period, compared to the consensus earnings per share estimate of 3.880. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their target price on CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Wednesday, April 8th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research note on Tuesday, April 21st. Truist Financial assumed coverage on CMS Energy in a research note on Tuesday, April 21st. They set a "buy" rating and a $86.00 target price for the company. Weiss Ratings restated a "buy (b-)" rating on shares of CMS Energy in a research note on Wednesday, January 21st. Finally, KeyCorp raised their price objective on CMS Energy from $79.00 to $83.00 and gave the stock an "overweight" rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $81.67.

CMS Energy Stock Performance

Shares of CMS opened at $76.00 on Tuesday. The business's fifty day moving average price is $77.12 and its 200 day moving average price is $74.03. CMS Energy has a 12-month low of $67.71 and a 12-month high of $80.36. The stock has a market capitalization of $23.41 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.76 and a beta of 0.43. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.98 and a quick ratio of 0.76.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.41. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Equities research analysts forecast that CMS Energy will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be given 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 currently 64.59%.

Insider Buying and Selling

In other CMS Energy news, CAO Scott B. Mcintosh sold 1,750 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total value of $136,850.00. Following the sale, the chief accounting officer directly owned 24,223 shares of the company's stock, valued at $1,894,238.60. This trade represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the sale, the senior vice president directly owned 70,670 shares in the company, valued at $5,528,514.10. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,664 shares of company stock valued at $1,579,506 over the last three months. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently added to or reduced their stakes in CMS. DV Equities LLC acquired a new stake in CMS Energy in the fourth quarter worth $29,000. MUFG Securities EMEA plc acquired a new position in shares of CMS Energy during the second quarter valued at $61,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of CMS Energy by 74.2% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 939 shares of the utilities provider's stock valued at $66,000 after purchasing an additional 400 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of CMS Energy during the fourth quarter valued at $144,000. Finally, Virtus Investment Advisers LLC acquired a new position in shares of CMS Energy during the fourth quarter valued at $163,000. 93.57% of the stock is owned by institutional investors and hedge funds.

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.

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