JPMorgan Amends CMS Energy Stake, Updates 13G/A Filing

TL;DR

**JPMorgan updated its CMS Energy holdings, signaling a portfolio adjustment.**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 16, 2024, indicating a change in their beneficial ownership of CMS Energy Corp. common stock as of December 29, 2023. This amendment, number 10, updates their previous disclosures regarding their holdings in the utility company. For investors, this matters because it shows a significant institutional investor is adjusting its position, which can signal a shift in their outlook on CMS Energy's future performance or valuation.

Why It Matters

This filing shows a major financial institution, JPMorgan Chase & Co., has adjusted its stake in CMS Energy, which can influence investor sentiment and potentially the stock's price.

Risk Assessment

Risk Level: low — This is a routine amendment by an institutional investor and does not inherently indicate a high level of risk for the stock.

Analyst Insight

Investors should monitor subsequent filings from JPMorgan Chase & Co. to understand the magnitude and direction of their ownership changes in CMS Energy, as significant shifts could indicate a change in their investment thesis.

Key Numbers

• 10 — Amendment Number (This is the tenth amendment to JPMorgan's Schedule 13G filing for CMS Energy Corp.)
• 125896100 — CUSIP Number (This uniquely identifies the Common Stock, $0.01 par value of CMS Energy Corporation.)

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity filing the SC 13G/A amendment
• CMS Energy Corp. (company) — the issuer of the common stock being reported on
• December 29, 2023 (date) — the date of the event requiring the filing
• January 16, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 10 (number) — the specific amendment number for this filing

Forward-Looking Statements

• JPMorgan's adjusted stake in CMS Energy could lead to increased scrutiny from other institutional investors. (CMS Energy Corp.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — ATION (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti

Filing Documents

• CMS_ENERGY_CORPORATION.htm (SC 13G/A) — 86KB
• 0000019617-24-000077.txt ( ) — 88KB

From the Filing

SC 13G/A 1 CMS_ENERGY_CORPORATION.htm FILING CMS ENERGY CORPORATION Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 10 )* CMS ENERGY CORPORATION (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 125896100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 125896100 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 17,715,873 6 SHARED VOTING POWER 23,744 7 SOLE DISPOSITIVE POWER 19,524,943 8 SHARED DISPOSITIVE POWER 56,276 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,597,842 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.7 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer CMS ENERGY CORPORATION (b) Address of Issuer's Principal Executive Offices One Energy Plaza, Jackson, Michigan 49201 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, $0.01 par value (e) CUSIP Number 125896100 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 19,597,842 (b) Percent of class: 6.7 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 17,715,873 (ii) Shared power to vote or to direct the vote: 23,744 (iii) Sole power to dispose or to direct the disposition of: 19,524,943 (iv) Shared power to dispose or to direct the disposition of: 56,276 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC JPMorgan Chase Bank, National Association JPMorgan Asset Management (UK

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