KeyCorp Issues Negative Estimate for CMS Energy Earnings

CMS Energy Corporation (NYSE:CMS) – Equities research analysts at KeyCorp dropped their Q2 2026 earnings per share estimates for CMS Energy in a research report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.62. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.87 per share. KeyCorp also issued estimates for CMS Energy’s Q4 2026 earnings at $1.18 EPS.

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

CMS has been the subject of several other reports. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research report on Tuesday, April 21st. Truist Financial dropped their target price on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Morgan Stanley set a $77.00 price target on shares of CMS Energy in a research report on Thursday, May 21st. Finally, BMO Capital Markets increased their price target on CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.33.

CMS Energy Stock Up 0.2%

Shares of NYSE CMS opened at $74.83 on Monday. The company has a market capitalization of $23.12 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.35. CMS Energy has a 52-week low of $68.64 and a 52-week high of $80.36. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. The company’s 50 day moving average price is $74.22 and its 200-day moving average price is $74.73.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is 62.98%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in CMS Energy in the fourth quarter worth $316,057,000. Magellan Asset Management Ltd raised its holdings in shares of CMS Energy by 698.7% during the first quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock valued at $156,708,000 after purchasing an additional 1,767,059 shares during the period. Vanguard Group Inc. boosted its position in shares of CMS Energy by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after purchasing an additional 1,501,991 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of CMS Energy by 70.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after purchasing an additional 1,481,779 shares in the last quarter. Finally, Parnassus Investments LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at about $102,983,000. 93.57% of the stock is owned by institutional investors.

About CMS Energy

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.