Vanguard Trims CMS Energy Stake to 9.6%, Holds 27.99M Shares

TL;DR

**Vanguard slightly cut its CMS Energy stake to 9.6%, holding 27.99M shares.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing on February 13, 2024, disclosing its ownership in CMS Energy Corp. As of December 29, 2023, Vanguard beneficially owned 27,994,369 shares of CMS Energy's Common Stock, representing 9.6% of the company. This is a slight decrease from their previous reported ownership, indicating a minor adjustment in their passive investment strategy. This matters to investors because Vanguard is a significant institutional holder, and changes in their position, even small ones, can signal shifts in institutional sentiment towards the stock.

Why It Matters

This filing shows a large institutional investor, Vanguard, slightly reducing its stake in CMS Energy, which could be interpreted as a minor shift in their passive investment allocation for the utility company.

Risk Assessment

Risk Level: low — The change in ownership by a passive institutional investor like Vanguard is minor and does not suggest any immediate significant risk to the company or its stock price.

Analyst Insight

Investors should note that while Vanguard remains a major shareholder, this minor reduction in their stake is likely part of routine portfolio rebalancing for their index funds and not a strong signal for individual investors to buy or sell.

Key Numbers

• 27,994,369 — Shares Beneficially Owned (The total number of CMS Energy Common Stock shares Vanguard holds, indicating their significant investment.)
• 9.6% — Percentage of Class (The proportion of CMS Energy's outstanding shares owned by Vanguard, highlighting their substantial influence as a shareholder.)
• 501,056 — Shared Voting Power (The number of shares over which Vanguard has shared voting power, showing their ability to influence some corporate decisions.)
• 27,493,313 — Sole Dispositive Power (The number of shares over which Vanguard has sole control for selling, indicating their direct control over a large portion of their holdings.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this amendment filing, providing a clear snapshot of Vanguard's position.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• CMS Energy Corp (company) — issuer of the securities
• 27,994,369 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 9.6% (dollar_amount) — percentage of CMS Energy's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will continue to be a significant passive institutional holder of CMS Energy Corp. (The Vanguard Group) — high confidence, target: Next 12 months

FAQ

Filing Documents

• tv0043-cmsenergycorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020035.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: CMS Energy Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: One Energy Plaza Jackson, MI 49201-2357

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 125896100

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership 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 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR