CMS Energy (NYSE:CMS) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

CMS Energy (NYSE:CMS) posted its quarterly earnings results on Tuesday. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.09, FiscalAI reports. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis.

Here are the key takeaways from CMS Energy’s conference call:

• CMS Energy reaffirmed its 2026 and 2027 adjusted EPS guidance of $3.83–$3.90 and $4.08–$4.17, respectively, with confidence toward the high end and long-term growth still targeted at 6%–8%.
• The NorthStar Clean Energy restructuring remains on track for completion by year-end, with more than 35% of assets signed or closed and expected funding benefits of over $500 million that can be redirected to regulated utility investments.
• CMS filed an integrated resource plan outlining roughly $27 billion of potential investment through 2040, including 15.8 gigawatts of clean energy resources, 4.1 gigawatts of battery storage, and 1.4 gigawatts of new gas generation.
• Management highlighted constructive Michigan regulatory outcomes, including a $139 million gas rate-case award, supportive storm-cost recovery, and staff’s recommendation for a $265 million electric revenue increase, while emphasizing continued 2%–3% load growth from manufacturing, semiconductor, and other customers.
• The company remains optimistic about data-center growth and the financial compensation mechanism for power-purchase agreements, but additional data-center capital spending remains contingent on zoning, siting, and other conditions, while Michigan policy and election-related uncertainty persist.

CMS Energy Stock Performance

Shares of NYSE CMS traded up $1.59 during mid-day trading on Thursday, hitting $69.80. The company had a trading volume of 1,506,912 shares, compared to its average volume of 3,371,359. The stock has a market cap of $21.89 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.54 and a beta of 0.32. CMS Energy has a 12 month low of $62.28 and a 12 month high of $80.36. 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 firm’s 50 day simple moving average is $66.79 and its two-hundred day simple moving average is $72.53.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, November 6th. CMS Energy’s dividend payout ratio is presently 68.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMS. Weiss Ratings lowered shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday. HSBC began coverage on CMS Energy in a report on Thursday, October 22nd. They set a “hold” rating and a $69.00 target price on the stock. UBS Group reiterated a “neutral” rating and issued a $84.00 target price on shares of CMS Energy in a research report on Wednesday, July 29th. Wells Fargo & Company dropped their price target on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Barclays reduced their price objective on CMS Energy from $81.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.35.

CMS Energy Company Profile

CMS Energy Corporation 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 throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.