
What smart money is saying about CMS Energy Corp.
2 funds in our archive have pitched CMS Energy Corp., most recently Parnassus Value Select ETF in June 2026.
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
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Position history
Between Q4 2025 and Q2 2026, 2 fund letters reported a position in CMS Energy Corp., with 2 buys (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 1 | 0 | 1 |
| Q4 2025 | 1 | 1 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 2 positions · 2 moves
- New positionParnassus Value Select ETFJune 2026
“Defensive sectors such as Consumer Staples and Utilities did not participate in the market rally. This created selective opportunities to increase quality defensive exposure, including new positions in Coca-Cola and CMS Energy.”
CMS Energy Corp. - New positionParnassus Mid Cap FundDecember 2025
“We also added Michigan-based utility CMS Energy, which operates in a constructive regulatory backdrop and offers clear visibility to long-term growth.”
CMS Energy Corp.
Fund coverage · 2 theses
- Parnassus Value Select ETFJune 2026
CMS Energy is a stable, well-managed utility supported by a constructive regulatory environment and expected earnings growth acceleration.
Read the full thesis - Parnassus Mid Cap FundDecember 2025
CMS Energy Corp. is a well-managed Michigan utility with constructive regulation and a capital plan expected to modestly accelerate earnings growth.
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