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The latest announcement is out from CMS Energy ( (CMS) ).
On April 28, 2026, CMS Energy reported first-quarter 2026 diluted earnings per share of $1.10, up from $1.01 a year earlier, and adjusted EPS of $1.13 versus $1.02, reflecting higher net income attributable to common shareholders despite largely flat operating income. The company reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share and its long-term 6% to 8% adjusted EPS growth outlook, signaling management’s confidence in execution and growth momentum for customers, communities and investors.
First-quarter operating revenue rose to $2.73 billion from $2.45 billion in 2025, while net income attributable to CMS Energy increased to $340 million from $304 million, supported in part by higher other income and a larger loss attributable to noncontrolling interests. The strengthened balance sheet, with total assets edging up to $40.3 billion and common equity rising to $9.24 billion, underpins the reaffirmed guidance and supports the company’s investment and growth plans in Michigan’s energy sector.
The most recent analyst rating on (CMS) stock is a Buy with a $84.00 price target. To see the full list of analyst forecasts on CMS Energy stock, see the CMS Stock Forecast page.
Spark’s Take on CMS Stock
According to Spark, TipRanks’ AI Analyst, CMS is a Neutral.
The score is driven by constructive technical strength and a positive earnings-call outlook (raised guidance and visible investment/rate-base growth), partially offset by financial-profile constraints typical for the sector—rising debt and historically negative free cash flow—plus some data-quality uncertainty in 2025 line items.
To see Spark’s full report on CMS stock, click here.
More about CMS Energy
CMS Energy Corp. is a Michigan-based energy provider whose primary business is Consumers Energy, a regulated utility serving electric and gas customers in the state. The company also owns and operates independent power generation businesses, positioning it as a diversified player in the regional utility and power markets.
Average Trading Volume: 3,112,983
Technical Sentiment Signal: Strong Buy
Current Market Cap: $23.49B
For a thorough assessment of CMS stock, go to TipRanks’ Stock Analysis page.