CMS ENERGY CORP (CMS)

Corporate structure

106 entities across 6 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-10 — see the exhibit.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Six-year record

Ownership flow

13 institutions tracked — 5 added, 7 reduced, 1 opened a new position, 1 sold out. Active managers added 4,852,941 shares while index money cut 675,401.

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Other electric & other services combined companies

CMS ENERGY CORP files under SIC 4931 — all 8 electric & other services combined companies compared on assets and F-score.

Dealer positioning — end of day

Where dealer gamma sat in CMS’s option chain after the close on 2026-09-01, aggregated from the full chain. This is a once-a-day snapshot, not a live read — 44 contracts.

Net gamma (per 1% move)

$241,844.492

Gamma flip

70

Call wall

70

Put wall

65

Spot at capture

68.06

Computed from the listed option chain by my own aggregation, once, after the close — it describes where positioning sat that evening and does not update through the next session. The version that rebuilds per strike while the market is open is the intraday gamma product. Not investment advice.

Questions about CMS ENERGY CORP

How many subsidiaries does CMS ENERGY CORP file with the SEC?

106, listed in its most recent exhibit 21. They are incorporated across 6 jurisdictions, led by Michigan, Delaware, Missouri. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is CMS ENERGY CORP financially healthy?

CMS ENERGY CORP scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of CMS ENERGY CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (trimming), JPMORGAN CHASE & CO (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.