CMS at a glance
CMS Energy (CMS, SEC CIK 811156) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on July 28, 2026 and Form 4 insider filings as recently as August 3, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), CMS Energy (CMS) reported revenue of $8.3 billion (up 13.5% from FY2024) and net income of $1.1 billion. Diluted EPS was $3.53.
- As of June 30, 2026, 40 institutional investment managers tracked by SignalX reported holding CMS Energy (CMS) shares worth $12.1 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by MADDIPATI SRIKANTH on July 31, 2026 of 200 shares at $72.45 per share.
- In the last 90 days, CMS insiders reported 1 open-market purchase ($14K) and 0 open-market sales ($0) on Form 4, a net purchase of $14K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $8.3B
- +13.5% vs prior year
- Insiders · 90 days
- 1 buy · 0 sells
- Net +$14K
- 13F holders
- 40 funds
- $12.1B · +2 vs prior quarter
- Latest 8-K
- Jul 28, 2026
- Item 2.02 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Electric and natural gas utility services primarily through Consumers Energy
- Emphasis on corporate governance and ethics via Employee Code of Conduct and Director Code of Conduct updates
- Equity compensation plan with 3,965,601 shares available for future issuance as of December 31, 2025
- Proxy statement for 2026 Annual Meetings incorporating key executive and governance disclosures pending SEC filing within 120 days
- No new products, segments, or notable strategic shifts detailed in this filing compared to prior years
Risk Factors
- Cybersecurity incident risk with critical event management overseen by VP IT and Security reporting to EVP and Chief Legal Officer
- Board Audit Committee oversight of cybersecurity strategy and risk, meeting at least twice annually with updates on threat landscape
- Two Board members on Audit Committee with extensive industry cybersecurity experience driving governance and mitigation efforts
Management Discussion & Analysis
- CMS Energy revenue not explicitly stated; operating cash flow $2,235M in 2025 vs $2,370M in 2024, down $135M YoY
- Consumers segment operating cash flow $2,238M in 2025 vs $2,446M in 2024, down $208M YoY
- Key cash flow drivers: higher net income (+$55M CMS Energy, +$120M Consumers), non-cash transactions (+$133M CMS, -$26M Consumers)
- Unfavorable impacts from core working capital changes: -$107M CMS Energy, -$102M Consumers, mainly gas price fluctuations and PSCR undercollections
- Unfavorable changes in other assets/liabilities: -$216M CMS Energy, -$200M Consumers due to tax payments, service restoration, renewable energy costs
AI summary of the CMS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 net income $117M vs $198M YoY, down $81M; diluted EPS $0.37 vs $0.66
- Electric utility earnings $137M vs $167M; gas utility $27M vs $25M; NorthStar $18M vs $22M
- NorthStar renewable-project earnings rose $15M, offset by $23M higher tax expense
- Cash $345M at June 30, 2026, including $104M restricted; operating cash flow $1.327B for six months
- $24.1B planned capital expenditures through 2030; inflationary pressures and tariffs threaten supply-chain pricing and availability
Risk Factors
- Renewable-project divestiture risk triggered by July 22, 2026 board approval to exit non-utility renewables development
- Potential material impairment in third quarter 2026 from held-for-sale measurement below carrying value
- Regulatory closing risk from required approvals for divestiture targeted within 12 months
- Market risk from deteriorating renewable-asset conditions, potentially causing valuation adjustments or disposition losses
AI summary of the CMS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- CMS Energy reported 2026 second-quarter results on July 28, 2026
- Exhibit 99.1 contains detailed financial results, adjusted earnings, and non-GAAP reconciliations
Item 7.01: Regulation FD Disclosure
- CMS Energy scheduled a July 28 business and financial outlook presentation at 10:00 a.m. ET
- Presentation materials furnished as Exhibits 99.1 and 99.2, with webcast access through cmsenergy.com
Item EX-99.1: Item EX-99.1
- Q2 adjusted EPS $0.37 vs $0.71, while six-month adjusted EPS fell to $1.50 from $1.73
- 2026 adjusted EPS guidance reaffirmed at $3.83–$3.90, with long-term growth target of 6%–8%
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CFO Rejji Hayes retired June 3, 2026, creating an immediate finance leadership transition
- Sri Maddipati, 43, appointed CMS Energy and Consumers Energy CFO, leveraging 12 years of internal experience
Item 7.01: Regulation FD Disclosure
- CMS Energy designates its Investor Relations website as a distribution channel for material investor information
- Forward-looking statements subject to risks and uncertainties disclosed in SEC filings
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Authorized common-share count increased, enabling potential future equity issuance
- Shareholders gained ability to call special meetings, strengthening investor governance rights
Item 5.07: Submission of Matters to a Vote of Security Holders
- All 11 CMS Energy and Consumers Energy director nominees elected, preserving board continuity
- CMS Energy executive compensation approved with 250,583,557 votes for versus 19,690,248 against
AI summaries of CMS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CMS
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| MADDIPATI SRIKANTH | Buy | Jul 31, 2026 | 200 | $72.45 |
| MADDIPATI SRIKANTH | A | Jun 15, 2026 | 10,184 | - |
| Hofmeister Brandon J. | Sell | May 26, 2026 | 3,000 | $74.31 |
| IZZO RALPH | A | May 8, 2026 | 2,411 | - |
| Soto Myrna | A | May 8, 2026 | 2,411 | - |
| SHANK SUZANNE F. | A | May 8, 2026 | 2,411 | - |
| Keyes Richard Patrick | A | May 8, 2026 | 2,411 | - |
| Sznewajs John G | A | May 8, 2026 | 2,411 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $7.3B | $7.3B | $8.3B |
| Operating Income | - | $1.5B | $1.7B |
| Net Income | $887.0M | $1.0B | $1.1B |
| Op. Margin | - | 20.3% | 20.8% |
| Net Margin | 12.2% | 13.7% | 12.9% |
| Balance Sheet | |||
| Total Assets | $33.5B | $35.9B | $39.9B |
| Equity | $7.5B | $8.2B | $9.1B |
| ROE | 11.8% | 12.2% | 11.7% |
| Per Share | |||
| EPS | $3.01 | $3.33 | $3.53 |
| Cash Flow | |||
| Operating CF | $2.3B | $2.4B | $2.2B |
Source: XBRL data in CMS Energy (CMS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CMS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 40 | $12.07B |
| Q1 2026 | 38 | $12.03B |
| Q4 2025 | 38 | $11.08B |
| Q3 2025 | 39 | $13.39B |
| Q2 2025 | 36 | $11.40B |
| Q1 2025 | 34 | $9.54B |
| Q4 2024 | 28 | $5.72B |
| Q3 2024 | 23 | $3.19B |
- Ameriprise Financial+1.53M (+31%)
- Raymond James Financial+1.33M (+359%)
- AQR Capital Management+1.06M (+133%)
- JPMorgan Chase & Co+569.7K (+4%)
- Vanguard Capital Management LLC+289.7K (+1%)
- T. Rowe Price Group−907.8K (-35%)
- Morgan Stanley−643.7K (-14%)
- BlackRock−494.7K (-1%)
- FMR LLC (Fidelity)−492.7K (-43%)
- State Street Corp−393.1K (-2%)
- COHEN & STEERS, INC.+1.32M
- Marex Group plc+3.2K
- First Bancorp, Inc /ME/+121
Source: 13F-HR filings on SEC EDGAR (aggregated from 276 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CMS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 3, 2026 | - | - | - |
| 10-Q | Jul 28, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 4 | Jun 16, 2026 | - | - | - |
| 8-K | Jun 3, 2026 | - | Analysis | |
| 4 | May 27, 2026 | - | - | |
| 8-K | May 13, 2026 | - | Analysis | |
| 8-K | May 13, 2026 | - | Analysis | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 10-Q | Apr 28, 2026 | Mar 31, 2026 | Analysis | |
| 4 | Mar 30, 2026 | - | - | - |
| 4 | Mar 30, 2026 | - | - | - |
| 4 | Mar 30, 2026 | - | - | - |
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CMS SEC filings: frequently asked questions
Are CMS insiders buying or selling?
In the last 90 days, CMS Energy (CMS) officers, directors and 10% owners reported 1 open-market purchase worth $14,491 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CMS stock?
As of June 30, 2026, the largest CMS Energy (CMS) holders among the 13F filers tracked by SignalX were BlackRock ($2.5 billion), Vanguard Capital Management LLC ($1.5 billion), Vanguard Portfolio Management LLC ($1.5 billion), State Street Corp ($1.4 billion), JPMorgan Chase & Co ($1.3 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CMS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), CMS Energy (CMS) reported revenue of $8.3 billion (up 13.5% from FY2024) and net income of $1.1 billion. Diluted EPS was $3.53. The figures come from the XBRL data in the 10-K.
What are the main risks in CMS's latest 10-K?
In the 10-K filed February 10, 2026, CMS Energy (CMS) flagged: Cybersecurity incident risk with critical event management overseen by VP IT and Security reporting to EVP and Chief Legal Officer. Board Audit Committee oversight of cybersecurity strategy and risk, meeting at least twice annually with updates on threat landscape. (AI summary of the Risk Factors section.)
What did CMS report in its latest 8-K?
CMS Energy (CMS) filed an 8-K on July 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure). CMS Energy reported 2026 second-quarter results on July 28, 2026.
What are the latest CMS SEC filings?
CMS Energy (CMS) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on July 28, 2026 and a Form 4 insider filing on August 3, 2026.
What is CMS's SEC CIK number?
CMS Energy (CMS)'s SEC Central Index Key (CIK) is 811156. EDGAR lists every CMS filing under that number.
Ask anything about CMS
The research agent reads CMS's filings, financials, insider trades and 13F holders, then answers with sources.