CMS Energy CorporationNYSE: CMS
Utilities · Multi-Utilities
$76.17
-0.75%
Vol: 2.2M
Research Digest
Friday, May 1, 2026
CMS Energy beats Q1 earnings with 8% rate-base growth plan and $24.1B capex through 2030
CMS Energy reported Q1 2026 adjusted EPS of $1.13 (beat $0.72 consensus) and revenues of $2.73B (up 7.79%). The utility secured $277M electric rate increase and outlined $24.1B capital plan through 2030 supporting 8%+ annual rate-base growth.
Previous Market Intelligence
13 daysApr 30CMS Energy beats Q1 estimates with $1.13 adjusted EPS; reaffirms 2026 guidance and approves $277M electric rate increase (April 28)Positive▶
CMS Energy reported Q1 2026 adjusted EPS of $1.13 (beat $1.10 consensus) and revenue of $2.73B (beat $2.55B consensus), supporting confidence toward high end of FY2026 guidance of $3.83-3.90. Michigan Public Service Commission approved over 65% of electric rate case ask (maintaining 9.9% ROE) and recommended approval of 75%+ of $240M gas rate case. The company signed 110 MW of new customer contracts YTD, exceeding prior year pace. March ice storm created $0.05/share negative variance from increased storm costs. NorthStar Clean Energy swung to $41M profit from $18M loss, driven by higher renewable earnings.
Apr 29CMS Energy Q1 2026 adjusted EPS $1.13 beats consensus; BMO raises PT to $85Positive▶
CMS Energy reported strong Q1 2026 results with adjusted EPS of $1.13 beating consensus of $0.72 and revenue of $2.73B beating estimates by $259M. Reported EPS of $1.10 up from $1.01 prior year. Net income climbed to $338M as NorthStar Clean Energy turned profitable and regulators approved $277M electric rate hike. Company reaffirmed 2026 guidance of $3.83-$3.90 adjusted EPS with 6-8% long-term growth. BMO Capital raised PT to $85 from $84 while Barclays lowered to $79 from $81.
Apr 16CMS Energy commits extra $22M to income-qualified energy savings through 2030, outlining $24B in grid modernization and renewable investments.Positive▶
CMS Energy Corporation announced an additional $22 million commitment to income-qualified energy-saving programs through 2030 and outlined nearly $24 billion in capital investments in grid modernization and renewable energy projects. The utility serves 1.9 million electric and 1.8 million gas customers across Michigan through its Electric Utility, Gas Utility, and NorthStar Clean Energy segments. Fiscal 2025 EPS reached $3.61, surpassing guidance with 8% growth year-over-year, and the board increased quarterly dividend to $0.57 per share from $0.5425. BMO Capital raised its price target to $86 from $80 with Outperform rating, and analyst consensus is Buy with a 12-month target of $78.38. CMS stock trades near 52-week highs at $79.38, up 14% year-to-date.
Apr 15CMS Energy raised dividend to $0.57/share with analyst consensus Overweight; Barclays raises PT to $81.Positive▶
CMS Energy announced a dividend increase to $0.57 per share. Barclays raised price target from $79 to $81, KeyBanc increased target from $79 to $83. The utility is executing a $24 billion capital spending plan and its Consumers Energy subsidiary unveiled an Integrated Resource Plan proposing 13+ GW of renewables. Upcoming earnings release scheduled April 23.
Apr 14CMS Energy raises 2026 adjusted EPS guidance to $3.83-$3.90; Q1 results due April 28.Positive▶
CMS Energy raised 2026 adjusted EPS guidance to $3.83-$3.90 and reaffirmed 6-8% long-term adjusted EPS growth. Investing $24B to modernize operations and expand clean energy. BMO Capital raised target to $86 from $80 on rate relief tailwinds. Among 16 analysts, eight recommend Strong Buy and eight Hold.
Apr 13Dividend increased to $0.57 from $0.5425; Q1 earnings due April 28 with positive analyst outlook.Positive▶
CMS Energy increased quarterly dividend to $0.57 per share and will report Q1 2026 results on April 28. Barclays raised price target to $81 from $79. The company expects 2026 EPS of $3.86 with $24B capital spending plan for modernization and clean energy expansion. Stock up 1.31% in past 24 hours.
Apr 10Barclays Raises CMS Energy Target to $81; Consumers Energy to sell 13 hydro damsPositive▶
Barclays raised target from $79 to $81. KeyBanc raised to $83. Consumers Energy selling 13 hydro dams to Confluence Hydro. Q1 results April 28.
Apr 9CMS Energy reaches all-time high $78.89; Barclays raises target to $81.Positive▶
CMS Energy hit all-time high $78.89. FY2025 EPS $3.61 beat guidance, +8% YoY. Barclays raised target to $81 (Overweight). KeyBanc raised target to $83. BofA maintained Buy with $82 target. Dividend increased to $0.57 per share. Michigan PSC approved Consumers Energy rate case. New board members appointed. 24.3B utility company with strong growth outlook.
Apr 8CMS Energy hits all-time high of $78.89; raises Q1 2026 earnings guidance.Positive▶
CMS reached ATH $78.89 and raised profit forecast on data center demand. Dividend raised to 57c from 54.25c. Q1 results April 28.
Apr 7All-Time High Reached; 2026 Guidance Raised on Strong PerformancePositive▶
CMS Energy hit all-time high of $78.89, now trading at $77.58 (+1.31% today). FY2025 EPS $3.61 (+8% YoY), 2026 guidance raised to $3.83-$3.90. BMO raised PT to $80, KeyBanc to $83, BofA maintains $82 Buy. 19 consecutive years of dividend increases (2.9% yield). YTD gains 13%.
Apr 6CMS Energy raises 2026 guidance and continues dividend growth streak amid strong Q4 resultsPositive▶
CMS Energy reported Q4 2025 adjusted EPS of $3.61, up from $3.34 in 2024 and above guidance. The company raised 2026 adjusted EPS guidance to $3.83-$3.90 and reaffirmed long-term 6-8% EPS growth. CMS Energy raised its quarterly dividend to 57 cents per share from 54.25 cents, extending its 19-year dividend growth streak. The company delivered 12.76% YTD return with strong renewable energy expansion and data center growth.
Apr 3CMS Energy wins approval for 2026 grid upgrades; increases quarterly dividend to 57 cents per share.Positive▶
Consumers Energy's 2026 Reliability Action Plan was approved, focusing on Michigan electric grid strengthening for nearly 2 million homes, building on a 28% outage-time reduction since 2021. CMS Energy increased its quarterly dividend to $0.57. The company unveiled an Integrated Resource Plan proposing >13 GW of added renewables.
Apr 2CMS Energy raised FY2026 EPS guidance to $3.83-$3.90 range; Morgan Stanley upgraded to $81 price targetPositive▶
CMS Energy reported strong Q4 2025 results with adjusted EPS of $3.61, up from $3.34 in 2024 and above guidance. The company raised FY2026 guidance to $3.83-$3.90 and increased quarterly dividend to 57 cents per share. Morgan Stanley raised price target to $81 on March 23, and J.P. Morgan maintained "Buy" on March 17. Analysts forecast Q1 2026 adjusted EPS of $1.16, up 13.7% YoY. Consensus is "Moderate Buy" with average target of $80.69, suggesting 4.1% upside from current $77.58 level.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CMSCMS | $76.17 | -0.75% | -2.0% | 18.4x | 0.42 | $23.7B |
| NEENEXTERA | $97.22 | -0.67% | +5.5% | 22.3x | 0.73 | $204.1B |
| SRESEMPRA | $94.87 | -0.26% | -3.0% | 17.2x | 0.68 | $62.1B |
| DDOMINION | $63.83 | -1.04% | +3.7% | 16.9x | 0.66 | $56.7B |
| XELXCEL | $82.67 | -0.34% | +3.2% | 18.3x | 0.44 | $51.8B |
| EDCONSOLIDATED | $110.85 | -0.57% | -2.7% | 17.2x | 0.34 | $41.1B |
Key Fundamentals
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Price between 50d and 200d. Testing 50d support.