KeyCorp Issues Negative Outlook for CMS Energy Earnings

CMS Energy Corporation (NYSE:CMS) – Stock analysts at KeyCorp decreased their Q2 2026 EPS estimates for shares of CMS Energy in a research report issued to clients and investors on Wednesday, July 22nd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $0.41 per share for the quarter, down from their previous forecast of $0.62. 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 Q4 2026 earnings at $1.18 EPS.

Several other equities research analysts also recently weighed in on CMS. Truist Financial lowered their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. BMO Capital Markets lifted their target price 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. Finally, Bank of America upped their price target on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.33.

CMS Energy Trading Down 0.7%

Shares of NYSE CMS opened at $74.15 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The stock has a market capitalization of $22.91 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.35. CMS Energy has a 1-year low of $68.64 and a 1-year high of $80.36. The business has a fifty day moving average price of $74.26 and a 200 day moving average price of $74.75.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. CMS Energy’s dividend payout ratio is currently 62.98%.

Insider Transactions at CMS Energy

In related 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 completion of the transaction, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. This represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

Institutional Trading of CMS Energy

Hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC grew its position in shares of CMS Energy by 3.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 137 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in CMS Energy by 1.5% during the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock worth $662,000 after buying an additional 143 shares during the last quarter. Florida Financial Advisors LLC grew its holdings in CMS Energy by 4.9% in the 4th quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock valued at $220,000 after buying an additional 149 shares in the last quarter. Cim LLC grew its holdings in CMS Energy by 0.8% in the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock valued at $1,395,000 after buying an additional 152 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in shares of CMS Energy by 0.9% in the 3rd 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 during 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.