CMS Energy Corp

CMS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$37.00	Qclffr	Pxpmwzjn

CMS Energy Earnings: Plan in Place To Offset Tough First-Half Weather Headwinds

Travis Miller

Aug 3, 2023

We are reaffirming our $55 fair value estimate for CMS Energy after the company reported second-quarter adjusted EPS of $0.75, up from $0.53 in the second quarter of 2022. Earnings are on track to meet our full-year outlook, despite a large weather-related drag in the first quarter that depressed first-half results. We are reaffirming our narrow moat rating.

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