The company's adjusted earnings for 2025 were $3.61 per share, exceeding guidance largely due to outperformance at NorthStar Clean Energy, with 2026 adjusted earnings guidance raised to $3.83-$3.90 per share and long-term growth of 6-8%. CMS Energy has a beta of 0.47, indicating its stock is 53% less volatile than the S&P 500, positioning it as a stable utility investment.
Cyborg Score Rationale
CMS Energy exceeded 2025 earnings guidance with reported EPS of $3.53 and adjusted EPS of $3.61. The company increased its annual dividend by 11 cents to $2.28, marking the 20th increase in as many years. With 93.6% institutional ownership and three consecutive years of dividend increases, the company demonstrates strong fundamentals and investor confidence.
Top Insights
CMS Energy exceeded 2025 earnings guidance with outperformance at its independent power generation business (NorthStar Clean Energy)
Company raised 2026 EPS guidance to $3.83-$3.90 and maintained 6-8% long-term growth target, signaling confidence
20-year consecutive dividend increase streak demonstrates commitment to shareholder returns with 3.0% yield
Analyst consensus is "Moderate Buy" with $79.08 target price, indicating 3.2% upside from current levels
Named Competitors
Duke Energy — Large regulated utility provider serving Carolinas, Midwest and Florida
American Electric Power — Major regulated utility with electric operations across 11 states
Xcel Energy — Regional utility with electric and natural gas operations in northern/central US