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

CMS Energy (NYSE:CMS) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.830-3.900 for the period, compared to the consensus estimate of 3.850. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CMS shares. Wolfe Research set a $82.00 price objective on CMS Energy in a report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, January 21st. Barclays decreased their price target on CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Morgan Stanley lifted their price objective on CMS Energy from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, UBS Group set a $79.00 target price on shares of CMS Energy in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.69.

CMS Energy Trading Up 1.8%

NYSE:CMS traded up $1.26 during mid-day trading on Thursday, hitting $72.86. The company had a trading volume of 5,309,956 shares, compared to its average volume of 3,143,458. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.60 and a current ratio of 0.90. CMS Energy has a fifty-two week low of $66.53 and a fifty-two week high of $76.45. The firm has a market cap of $22.17 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.55 and a beta of 0.47. The business’s fifty day moving average is $70.90 and its two-hundred day moving average is $72.22.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.13 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, research analysts expect that CMS Energy will post 3.59 earnings per share for the current year.

Key Headlines Impacting CMS Energy

Here are the key news stories impacting CMS Energy this week:

• Positive Sentiment: Q4 beat — CMS reported $0.95 EPS vs. a $0.94 consensus and revenue of $2.23B (vs. ~$2.13B expected), with revenue up ~12% year‑over‑year. The print showed margin and ROE strength and supported the company’s tone on growth drivers. CMS Energy Q4 Earnings Surpass Estimates
• Positive Sentiment: Raised FY‑2026 guidance — management set adjusted EPS guidance of $3.83–3.90 for 2026 (vs. a consensus ~3.85), nudging expectations higher and signaling confidence in demand and operational execution. CMS Energy Raises 2026 Guidance
• Positive Sentiment: Dividend hike — the board raised the quarterly dividend to $0.57/share from $0.5425, increasing yield and appealing to income investors while signaling cash‑flow confidence. Dividend Increase Announcement
• Neutral Sentiment: 2025 results recap — CMS reported full‑year 2025 diluted EPS of $3.53 (vs. $3.33 in 2024), showing multi‑year improvement but already reflected in longer‑term models. 2025 Results and Guidance Summary
• Negative Sentiment: Regulatory risk — analysts note a recent rate‑case ruling that could cloud parts of the utility’s earnings trajectory and introduce uncertainty into future allowed returns or timing of cost recovery, a risk investors will watch in upcoming filings and the earnings call. Rate‑Case Outlook Article

Hedge Funds Weigh In On CMS Energy

Several institutional investors and hedge funds have recently made changes to their positions in CMS. Cim LLC raised its stake in CMS Energy by 0.8% during the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock worth $1,395,000 after buying an additional 152 shares during the period. Norinchukin Bank The increased its holdings in shares of CMS Energy by 0.9% in the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock worth $1,338,000 after acquiring an additional 156 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of CMS Energy by 4.6% in the third quarter. Kestra Private Wealth Services LLC now owns 4,659 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 206 shares in the last quarter. Ossiam raised its position in shares of CMS Energy by 4.4% during the third quarter. Ossiam now owns 5,245 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 220 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of CMS Energy by 5.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,122 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.