KeyCorp Issues Pessimistic Estimate for CMS Energy Earnings

CMS Energy Corporation (NYSE:CMS) – Investment analysts at KeyCorp cut their Q3 2026 earnings per share (EPS) estimates for shares of CMS Energy in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $1.16 per share for the quarter, down from their prior forecast of $1.20. KeyCorp 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 FY2030 earnings at $5.22 EPS.

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

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a research report on Tuesday, April 21st. BMO Capital Markets raised their price target on shares of CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Barclays raised their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley set a $77.00 price target on shares of CMS Energy in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.33.

CMS Energy Price Performance

CMS opened at $74.83 on Friday. CMS Energy has a fifty-two week low of $68.64 and a fifty-two week high of $80.36. The firm has a 50-day moving average of $74.22 and a 200 day moving average of $74.69. 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 firm has a market cap of $23.12 billion, a P/E ratio of 20.67, a PEG ratio of 2.71 and a beta of 0.35.

Institutional Trading of CMS Energy

Several hedge funds and other institutional investors have recently modified their holdings of CMS. Sound Income Strategies LLC boosted its holdings in CMS Energy by 84.4% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the period. Elyxium Wealth LLC purchased a new position in CMS Energy in the 4th quarter valued at approximately $29,000. DV Equities LLC bought a new stake in CMS Energy during the 4th quarter valued at $29,000. MidFirst Bank bought a new stake in CMS Energy during the 4th quarter valued at $31,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of CMS Energy during the first quarter worth $31,000. Institutional investors own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the sale, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, August 7th. CMS Energy’s payout ratio is currently 62.98%.

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.