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CMS Energy

CMS · NYSE, NYSE, NYSE, NYSE, NYSE · Electric & Other Services Combined
Insider buys (12 months)
$168K
Insider sales (12 months)
$2.1M
8-K reports (12 months)
13
Tracked investors holding
2

At a glance

CMS Energy reported 2025 revenue of $8.3B, up 13.5% from $7.32B in 2024. Over 4 years since 2021 ($7.08B), that is growth of about 4.1% a year. Operating margin was 20.8%, up from 16.2% in 2021. Revenue peaked in 2022 at $8.32B.

In the last 12 months 5 insiders reported 2 open-market purchases ($168K) and 5 sales ($2.1M). None of the sales were flagged as 10b5-1 plan trades. The largest was a sale of $1.1M by Director John G Russell on Feb 23, 2026. Net, insiders were sellers of $1.9M.

CMS Energy filed 13 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), other events (4), officer or director change (2) and bylaws or fiscal year change (1). The latest officer or director change was reported on Jun 3, 2026. It reported a material agreement or a completed acquisition or disposal 1 time.

2 of the 20 investors tracked here held CMS Energy at the last quarter end, worth $77.5M combined. It is the largest weight for Soros Fund Management (1.2% of its portfolio), followed by National Pension Service (Korea) (0%). Added: National Pension Service (Korea). Reduced: Soros Fund Management.

Annual results

2021
Revenue $7.08B
Op. $1.15B
2022
Revenue $8.32B
Op. $1.22B
2023
Revenue $7.26B
Op. $1.24B
2024
Revenue $7.32B
Op. $1.49B
2025
Revenue $8.3B
Op. $1.73B
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
Net income$1.35B$837M$887M$1B$1.07B
Diluted EPS$4.66$2.85$3.01$3.33$3.53
Dividend per share$1.74$1.84$1.95$2.06$2.17

Fiscal year ends Dec 31 · incorporated in MI

Tracked investors holding (13F)

Soros Fund ManagementReduced$74.2M · 1.2% · held 4 quarters
National Pension Service (Korea)Added$3.2M · 0.0% · held 7 quarters

Weight is the share of each investor's portfolio, as of the quarter end.

Current reports (8-K, last 12 months)

Insider open-market trades (last 12 months)

Source: SEC EDGAR. How figures are combined