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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. UBS Group restated a “neutral” rating on shares of CMS Energy in a research report on Friday. Barclays cut their price objective on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Finally, Mizuho raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.23.

CMS Energy Stock Down 0.0%

NYSE:CMS opened at $72.84 on Friday. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47. CMS Energy has a twelve month low of $67.04 and a twelve month high of $76.45. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.99. The stock has a fifty day simple moving average of $70.80 and a 200-day simple moving average of $72.22.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Analysts anticipate that CMS Energy will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.1%. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, February 17th. CMS Energy’s payout ratio is currently 62.72%.

CMS Energy News Roundup

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

• Positive Sentiment: Q4 results beat expectations — CMS reported $0.95 EPS vs. a $0.94 consensus and revenue of $2.23B (above estimates), with revenue up ~12% year-over-year. The beat and better margins underpin near-term fundamentals and cash flow. Q4 Results and Call
• Positive Sentiment: Raised FY-2026 guidance — Management lifted adjusted EPS guidance to $3.83–$3.90 for 2026 (slightly above consensus), signaling continued earnings growth from rising power demand and clean-energy investments. This supports analyst revisions and multiple expansion potential. Reuters: Raises 2026 Forecast
• Positive Sentiment: Dividend increase — The board raised the quarterly dividend to $0.57 (a ~5.1% raise; ~3.1% yield), with an ex-dividend date of Feb. 17. A higher, growing payout reinforces appeal to income investors and signals confidence in cash generation. PR Newswire: Dividend Increase
• Positive Sentiment: Beat 2025 targets and progressing $24B investment plan — CMS reported 2025 adjusted EPS of $3.53 (up from $3.33) and said its investment plan to support grid and clean-energy growth is advancing, underpinning long-term rate-base and earnings growth. PR Newswire: 2025 Results & Guidance
• Neutral Sentiment: Analyst action — Mizuho bumped its price target to $76 (from $73) but kept a “neutral” rating, implying limited near-term upside from current levels. That modest PT raise may limit momentum despite the positive results. Benzinga: Mizuho Price Target
• Neutral Sentiment: Earnings materials available — The earnings slide deck and call transcript are posted (useful for investors wanting line-item detail on drivers such as power demand, commercial/data center growth, and capex timing). Seeking Alpha: Presentation

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd grew its position in shares of CMS Energy by 24.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,824,470 shares of the utilities provider’s stock worth $133,661,000 after buying an additional 363,546 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in CMS Energy by 7.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,490,112 shares of the utilities provider’s stock worth $109,159,000 after purchasing an additional 102,087 shares during the last quarter. Soroban Capital Partners LP increased its position in shares of CMS Energy by 215.8% during the second quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after purchasing an additional 980,733 shares in the last quarter. Zimmer Partners LP increased its position in shares of CMS Energy by 129.8% during the third quarter. Zimmer Partners LP now owns 694,400 shares of the utilities provider’s stock worth $50,872,000 after purchasing an additional 392,262 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of CMS Energy by 37.5% during the 3rd quarter. AQR Capital Management LLC now owns 675,746 shares of the utilities provider’s stock valued at $49,444,000 after purchasing an additional 184,462 shares during the last quarter. Institutional investors 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.