KeyCorp Has Positive Estimate for CMS Energy FY2026 Earnings

CMS Energy Corporation (NYSE:CMS - Free Report) - Stock analysts at KeyCorp raised their FY2026 EPS estimates for shares of CMS Energy in a note issued to investors on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $3.88 per share for the year, up from their previous estimate of $3.87. 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 FY2027 earnings at $4.16 EPS, FY2028 earnings at $4.43 EPS, FY2029 earnings at $4.78 EPS and FY2030 earnings at $5.17 EPS.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $0.71 EPS. The firm's quarterly revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS.

CMS has been the topic of several other reports. Barclays raised their target price on CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Mizuho reduced their price target on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Jefferies Financial Group decreased their price target on CMS Energy from $78.00 to $74.00 and set a "hold" rating for the company in a report on Tuesday, September 15th. Weiss Ratings downgraded shares of CMS Energy from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $79.19.

CMS Energy Price Performance

Shares of NYSE CMS opened at $66.29 on Wednesday. CMS Energy has a 1-year low of $62.28 and a 1-year high of $80.36. The business has a 50-day moving average of $67.23 and a 200-day moving average of $72.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.41 and a beta of 0.32.

Institutional Trading of CMS Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in CMS. GQG Partners LLC bought a new position in shares of CMS Energy during the second quarter valued at approximately $363,388,000. Pictet Asset Management Holding SA lifted its holdings in shares of CMS Energy by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider's stock worth $323,262,000 after purchasing an additional 595,564 shares during the last quarter. Magellan Asset Management Ltd bought a new stake in shares of CMS Energy in the 2nd quarter worth approximately $194,237,000. Legal & General Group Plc bought a new stake in shares of CMS Energy in the 2nd quarter worth approximately $189,370,000. Finally, Dimensional Fund Advisors LP boosted its position in CMS Energy by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider's stock valued at $122,657,000 after purchasing an additional 50,475 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. CMS Energy's dividend payout ratio (DPR) is presently 68.47%.

CMS Energy Company Profile

CMS Energy Corporation NYSE: CMS is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.

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