CMS Energy shares fell to a 52-week low of $68.63 on Friday, trading at $68.59 in afternoon dealings, according to market data. The Michigan-based utility’s stock has declined roughly 15% from its 52-week high of $80.36, and remains just 1% above its annual low.
The pullback followed a second-quarter earnings report that missed analyst expectations. Adjusted earnings came in at 37 cents per share, below Wall Street forecasts, while revenue totaled $1.83 billion, also falling short of projections. The company, which has raised its dividend for 19 consecutive years, currently offers a yield of 3.27%.
CMS Energy reaffirmed its full-year outlook and introduced preliminary guidance for 2027, signaling a strategic pivot toward growth in its regulated utility operations. The company’s market capitalization stands at $21.5 billion.
Bank of America’s mid-quarter review of the U.S. power and utilities sector showed mixed results. Of the 14 companies covered, 12 exceeded earnings estimates, eight surpassed consensus revenue expectations, four met forecasts, and two fell short. Sector performance was bolstered by factors including rate relief and customer growth, which helped offset rising costs.
Shares of CMS Energy were trading near session lows following the earnings release.
