CMS Energy Corporation CMS reported second-quarter 2021 earnings per share (EPS) of 55 cents from continuing operations, which surpassed the Zacks Consensus Estimate of 46 cents by 19.6%. The reported figure also improved 22.2% on a year-over-year basis.The year-over-year uptick in the bottom line can be attributed to higher revenues as well as operating income generated in the second quarter of 2021.Operational PerformanceFor the quarter under review, CMS Energy’s operating revenues were $1,558 million, which exceeded the Zacks Consensus Estimate of $1,510 million by 3.2%. The top line also improved 12.7% on a year-over-year basis.CMS Energy Corporation Price, Consensus and EPS Surprise CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation QuoteThe company’s operating expenses were up 15.2% year over year to $1,306 million for the quarter under review.Operating income for the second quarter was $252 million, up 1.6% from the year-ago figure.CMS Energy’s interest charges were $125 million, down 1.6% from the year-ago period.Financial ConditionCMS Energy had cash and cash equivalents of $153 million as of Jun 30, 2021, up from $32 million at the end of 2020.As of Jun 30, 2021, total debt, capital leases and financing obligations (excluding securitization debt) were $12,156 million, down from $12,166 million at the end of 2020.During the first half of 2021, the company generated cash from operating activities worth $1,367 million compared with $796 million during first-half 2020.2021 GuidanceCMS Energy reaffirmed its 2021 adjusted earnings per share guidance in the band of $2.61-$2.65. The Zacks Consensus Estimate for the company’s 2021 earnings is currently pegged at $2.82, higher than the company’s guided range.Zacks RankCMS Energy currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesAmerican Electric Power AEP reported second-quarter 2021 adjusted earnings per share of $1.18, which exceeded the Zacks Consensus Estimate of $1.14 by 3.5%.NextEra Energy NEE reported second-quarter 2021 adjusted earnings of 71 cents per share, which beat the Zacks Consensus Estimate of 67 cents by 5.6%.DTE Energy Company DTE reported second-quarter 2021 operating earnings per share (EPS) of $1.70, which beat the Zacks Consensus Estimate of $1.44 by 18.1%. 5 Stocks Set to Double Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report To read this article on Zacks.com click here.