Is CMS Energy (CMS) Stock Outpacing Its Utilities Peers This Year?

The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CMS Energy (CMS) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.CMS Energy is one of 107 individual stocks in the Utilities sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CMS Energy is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for CMS' full-year earnings has moved 0.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that CMS has returned about 7.7% since the start of the calendar year. At the same time, Utilities stocks have gained an average of 7.3%. This shows that CMS Energy is outperforming its peers so far this year.ONE Gas (OGS) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 10.8%.Over the past three months, ONE Gas' consensus EPS estimate for the current year has increased 0.9%. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, CMS Energy is a member of the Utility - Electric Power industry, which includes 58 individual companies and currently sits at #83 in the Zacks Industry Rank. This group has gained an average of 7.8% so far this year, so CMS is slightly underperforming its industry in this area. ONE Gas, however, belongs to the Utility - Gas Distribution industry. Currently, this 14-stock industry is ranked #154. The industry has moved +5.6% so far this year.CMS Energy and ONE Gas could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>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 CMS Energy Corporation (CMS): Free Stock Analysis Report ONE Gas, Inc. (OGS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks