FY2026 Earnings Forecast for CMS Energy Issued By Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for CMS Energy to $3.89 from $3.87, aligning with the company's FY2026 guidance of $3.83–$3.90 and the consensus $3.87.
• Q1 results beat expectations: CMS reported $1.13 EPS versus $1.11 expected and revenue of $2.73 billion versus $2.46 billion, with revenue up 11.6% year-over-year.
• Analyst sentiment and dividend: The consensus rating is "Moderate Buy" with a $81.50 target, and the company declared a $0.57 quarterly dividend (3.0% yield, $2.28 annualized).

CMS Energy Corporation (NYSE:CMS - Free Report) - Research analysts at Scotiabank lifted their FY2026 EPS estimates for shares of CMS Energy in a research note issued on Friday, May 1st. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings of $3.89 per share for the year, up from their prior estimate of $3.87. The consensus estimate for CMS Energy's current full-year earnings is $3.87 per share.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter in the previous year, the company earned $1.02 EPS. CMS Energy's revenue for the quarter was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS.

Several other brokerages have also recently commented on CMS. Mizuho boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock a "neutral" rating in a research note on Friday, February 6th. Bank of America boosted their price target on shares of CMS Energy from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Wells Fargo & Company set a $80.00 price target on shares of CMS Energy in a research note on Tuesday, April 21st. BMO Capital Markets decreased their price target on shares of CMS Energy from $86.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of CMS Energy in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

CMS Energy Stock Up 0.0%

CMS opened at $76.06 on Monday. 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 has a fifty-two week low of $67.71 and a fifty-two week high of $80.36. The firm's fifty day moving average is $77.13 and its 200 day moving average is $74.07. The stock has a market cap of $23.50 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.75 and a beta of 0.37.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC bought a new stake in CMS Energy during the first quarter worth approximately $56,000. Diversify Wealth Management LLC bought a new stake in CMS Energy during the first quarter worth approximately $245,000. Midwest Trust Co bought a new stake in CMS Energy during the first quarter worth approximately $219,000. Sequoia Financial Advisors LLC increased its stake in CMS Energy by 8.7% during the first quarter. Sequoia Financial Advisors LLC now owns 15,153 shares of the utilities provider's stock worth $1,176,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in CMS Energy by 10.4% during the first quarter. Kestra Advisory Services LLC now owns 10,509 shares of the utilities provider's stock worth $815,000 after acquiring an additional 987 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Activity at CMS Energy

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

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a $0.57 dividend. The ex-dividend date is Friday, May 8th. This represents a $2.28 annualized dividend and a yield of 3.0%. CMS Energy's payout ratio is presently 62.98%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.