Zacks Research Forecasts Stronger Earnings for CMS Energy

CMS Energy Corporation (NYSE:CMS) – Stock analysts at Zacks Research upped their FY2025 earnings per share estimates for shares of CMS Energy in a research note issued on Thursday, November 20th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings of $3.60 per share for the year, up from their previous estimate of $3.59. The consensus estimate for CMS Energy’s current full-year earnings is $3.59 per share. Zacks Research also issued estimates for CMS Energy’s Q1 2026 earnings at $1.13 EPS, Q2 2026 earnings at $0.60 EPS, Q3 2026 earnings at $0.99 EPS, Q4 2026 earnings at $1.13 EPS, Q1 2027 earnings at $1.18 EPS, Q2 2027 earnings at $0.77 EPS and FY2027 earnings at $4.14 EPS.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.83 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS.

Several other brokerages also recently issued reports on CMS. Barclays boosted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. KeyCorp increased their price objective on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Morgan Stanley upped their target price on CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company upgraded shares of CMS Energy to a “hold” rating in a report on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.36.

CMS Energy Stock Up 0.7%

Shares of NYSE:CMS opened at $73.43 on Friday. The firm has a 50 day simple moving average of $73.09 and a 200 day simple moving average of $71.86. CMS Energy has a 52 week low of $63.97 and a 52 week high of $76.45. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The company has a market cap of $22.35 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42.

Institutional Investors Weigh In On CMS Energy

Large investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky raised its position in shares of CMS Energy by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider’s stock valued at $1,732,000 after purchasing an additional 893 shares during the period. Jane Street Group LLC grew its stake in CMS Energy by 503.4% in the 1st quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider’s stock valued at $13,205,000 after buying an additional 146,667 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in CMS Energy by 10.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 591,377 shares of the utilities provider’s stock valued at $40,971,000 after buying an additional 58,024 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in CMS Energy by 7.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,873 shares of the utilities provider’s stock worth $2,176,000 after acquiring an additional 2,093 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in CMS Energy by 13.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 40,707 shares of the utilities provider’s stock worth $2,820,000 after acquiring an additional 4,855 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the sale, the senior vice president directly owned 13,512 shares of the company’s stock, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $72.47, for a total transaction of $289,880.00. Following the transaction, the senior vice president owned 64,259 shares in the company, valued at approximately $4,656,849.73. This trade represents a 5.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 7th. CMS Energy’s payout ratio is currently 62.72%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.