CMS Energy Corporation· CMS

🇺🇸 US · LargeSP500NYSE

Utilities Regulated Electric Website

Price: $65.34
Day: -1.30%
Mkt Cap: $20.49B
52W Range: $65.14 – $80.36
Volume: 5.81M
Beta: 0.33

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

Smart Money: 3.8 / 5 (Bullish), from 3 of 3 components
Institutions Q2 2026: 827 institutions hold; 443 added, 243 reduced
Insiders Q3 2026: 1 purchase ($14.5K), no sales

Blog

stockoscope.com

CMS Energy Corporation

CMS|Utilities|Regulated Electric

Current price: $65

Smart Money

Dimension 5 of 5

Insider selling pace · Q3 2026

0.0x

quarter in progress, filings still arriving

Seller breadth · Q3 2026

0 sellers

vs 1.8 avg per quarter

Institutional net breadth · Q2 2026

+220

550 adding vs 330 reducing

Institutional ownership · Q2 2026

N/A

overlapping 13F filings

Insider Selling Pace

Each quarter's selling vs this stock's own trailing 6-quarter average

Light <0.5xRoutineElevated >1.5xHeavy >3xBuying

Institutional Positions

Institutions adding above the line, reducing below, net as a line

NewIncreasedReducedClosedNet

Largest Institutional Holders, Q2 2026

By reported market value, and how each moved in the quarter

Holder

Change

BLACKROCK, INC.

33.1M

-1.5%

VANGUARD CAPITAL MANAGEMENT LLC

20.2M

+1.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

19.1M

+1.4%

STATE STREET CORP

17.7M

-2.2%

JPMORGAN CHASE & CO

16.4M

+3.6%

WELLINGTON MANAGEMENT GROUP LLP

12.2M

+82.7%

ETF & Fund Activity, Q2 2026

How the covering funds split between buying, holding and selling

222

139

99 buying222 unchanged139 selling

459 funds held CMS in Q2 2026, holding 155.6M shares between them, up 1.8% on the quarter.

Largest fund holders

SPDR SERIES TRUST1.4M sh

NATIONWIDE MUTUAL FUNDS15.4K sh

EIP INVESTMENT TRUST14.6K sh

Notable Insider Transactions, Q3 2026

Largest open-market purchases and sales by value in the last eight quarters

Sale · Dec 19

RUSSELL JOHN G

$1.9M

Sale · Feb 20

RUSSELL JOHN G

$1.1M

Sale · Feb 13

McIntosh Scott B

$467.4K

Insider transactions from SEC Form 4 filings; institutional holdings from quarterly 13F filings, which are reported with a lag and can overlap between filers. 13F: quarterly institutional holdings report · ETF: Exchange-Traded Fund

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

Explore CMS on stockoscope.com→

Generated September 20, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

CMS Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

3.8/5

Bullish

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

Institutional Flow

50% weight

+82

Fund Flow

10% weight

-25

Overall Smart Money sentiment of 3.8/5 (Bullish) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated September 19, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Selling Pace for CMS

Each quarter's selling vs the stock's own trailing 6-quarter average; 1.0x is typical for this stock. Green triangles mark quarters with insider buying.

Neutral

Light insider buying in Q3 2026

Minor: 1 purchase totaling $14.5K (200 shares)

Share volume is near the historical average

Buying is rare, only seen in 1 of 15 quarters

0.0x

Selling pace

quarter in progress, filings still arriving

0.00%

Stake sold

of active insiders' holdings

0 sellers

Seller breadth

vs 1.8 avg per quarter

$14.5K

Insider buying

1 buyer in Q3 2026

Notable Recent Transactions, CMS

Top 8 highest-value insider trades from the last 8 quarters

RUSSELL JOHN G

Director

Sell

28,750 shares at $65.85

≈16.6% of their stake at the time

Dec 19, 2024$1.89M

RUSSELL JOHN G

Director

Sell

14,914 shares at $75.75

≈10.2% of their stake at the time

Feb 20, 2026$1.13M

McIntosh Scott B

VP, Controller, CAO

Sell

6,700 shares at $69.76

≈23.6% of their stake at the time

Feb 13, 2025$467.39K

Hofmeister Brandon J.

SVP

Sell

4,000 shares at $78.23

≈5.4% of their stake at the time

Feb 27, 2026$312.94K

Hofmeister Brandon J.

SVP

Sell

3,777 shares at $72.47

≈5.6% of their stake at the time

Nov 3, 2025$273.72K

Hofmeister Brandon J.

SVP

Sell

3,000 shares at $74.31

≈4.3% of their stake at the time

May 26, 2026$222.93K

Hofmeister Brandon J.

SVP

Sell

2,198 shares at $73.61

≈3.1% of their stake at the time

May 6, 2025$161.79K

Snyder Lauren Y

SVP

Sell

2,220 shares at $71.26

≈14.1% of their stake at the time

Sep 5, 2025$158.20K

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Positions for CMS

Institutions adding (new + increased) above zero, reducing (reduced + closed) below, net as a line

New Increased Reduced Closed Net (adding − reducing)

Very Bullish

Institutions accumulating in Q2 2026

13F filings cover more than 100% of shares this quarter (overlapping reports), so ownership and share-flow figures are unreliable

Moderate accumulation: 550 adding vs 330 reducing

Momentum improving from prior quarter

+220

Net breadth

550 adding vs 330 reducing

Accumulating

1.67

Add / reduce ratio

in Q2 2026

+20

New − closed

107 initiated, 87 exited

6 of 10

Top holders adding

largest holders with a known change

Position Changes

Q2 2026: how are institutions adjusting their positions?

+550 growing-330 shrinkingNet: +220

107

443

243

New (107)

Increased (443)

Reduced (243)

Closed (87)

Top Institutional Holders, CMS

Largest 8 institutional positions by ownership percentage as of Q2 2026

BLACKROCK, INC.

33.1M

$2.5B

Ownership

11.00%

-1.5%

VANGUARD CAPITAL MANAGEMENT LLC

20.2M

$1.5B

Ownership

6.71%

+1.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

19.1M

$1.5B

Ownership

6.34%

+1.4%

STATE STREET CORP

17.7M

$1.4B

Ownership

5.89%

-2.2%

JPMORGAN CHASE & CO

16.4M

$1.3B

Ownership

5.46%

+3.6%

WELLINGTON MANAGEMENT GROUP LLP

12.2M

$930.1M

Ownership

4.05%

+82.7%

GEODE CAPITAL MANAGEMENT, LLC

8.7M

$666.1M

Ownership

2.91%

+2.5%

DEUTSCHE BANK AG\

8.1M

$618.3M

Ownership

2.69%

+4.3%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 460 ETFs and mutual funds reporting

99 buying139 sellingNet: -40

222

139

Buying (99)

Unchanged (222)

Selling (139)

In total, funds bought 6.3M shares and sold 3.6M this quarter. Each fund counts once in the bar above, whatever the size of its move.

Bearish Signal

Funds distributing in Q2 2026

460 ETFs and mutual funds reporting

139 funds selling vs 99 buying

Top Fund Holders, CMS

Largest 8 ETF and mutual fund positions by shares held, each fund's latest filing

SPDR SERIES TRUST

1.4M

Weight

6.76%

Jul 31, 2026No change

NATIONWIDE MUTUAL FUNDS

15.4K

Weight

0.00%

Jul 31, 2026Decreased

EIP INVESTMENT TRUST

14.6K

Weight

18.08%

Jul 31, 2026Increased

SEASONS SERIES TRUST

12.4K

Weight

0.06%

Jun 30, 2026Decreased

STATE STREET INSTITUTIONAL FUNDS

9.8K

Weight

1.60%

Jun 30, 2026Decreased

DEUTSCHE DWS EQUITY 500 INDEX PORTFOLIO

9.8K

Weight

3.39%

Jun 30, 2026Decreased

CLEARWATER INVESTMENT TRUST

9.7K

Weight

0.08%

Jun 30, 2026No change

TRANSAMERICA SERIES TRUST

9.2K

Weight

0.00%

Jun 30, 2026Increased

CMS Energy Corporation· CMS

Holdings Analysis

Insider Trading Activity

1.3Transaction History84Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings164Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History84Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings164Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights