CMS Energy Corp
CMS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$79.00 | Bdfsk | Zwhnrbvj |
CMS Energy Earnings: Plan in Place To Offset Tough First-Half Weather Headwinds
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.