CMS Energy: JPMorgan files 13G/A amendment, ownership at 6.1%

Rhea-AI Filing Summary

JPMorgan Chase & Co. filed Amendment No. 12 to a Schedule 13G reporting beneficial ownership of 18,441,853 shares of CMS Energy common stock, representing 6.1% of the class as of 09/30/2025.

The filing lists sole voting power over 15,815,183 shares and shared voting power over 130,499 shares. It reports sole dispositive power over 18,390,239 shares and shared dispositive power over 51,502 shares. JPMorgan certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control. Subsidiaries named include J.P. Morgan Securities LLC and JPMorgan Chase Bank, National Association.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

CMS ENERGY CORPORATION

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

125896100

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 125896100

1

Names of Reporting Persons

JPMORGAN CHASE & CO.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

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 15,815,183.00
6	Shared Voting Power 130,499.00
7	Sole Dispositive Power 18,390,239.00
8	Shared Dispositive Power 51,502.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,441,853.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CMS ENERGY CORPORATION
(b)	Address of issuer's principal executive offices: One Energy Plaza Jackson MI 49201
Item 2.
(a)	Name of person filing: JPMORGAN CHASE & CO.
(b)	Address or principal business office or, if none, residence: 383 Madison Avenue,, New York, NY 10179
(c)	Citizenship: DE
(d)	Title of class of securities: Common Stock, $0.01 par value
(e)	CUSIP No.: 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)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	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)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 18441853
(b)	Percent of class: 6.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15815183
	(ii) Shared power to vote or to direct the vote: 130499
	(iii) Sole power to dispose or to direct the disposition of: 18390239
	(iv) Shared power to dispose or to direct the disposition of: 51502
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. J.P. Morgan Trust Company of Delaware; J.P. Morgan Securities LLC; JPMorgan Chase Bank, National Association; JPMorgan Asset Management (UK) Limited; J.P. MORGAN SE; J.P. Morgan (Suisse) SA; J.P. Morgan Investment Management Inc.; JPMorgan Asset Management (China) Company Limited; 55I, LLC
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not Applicable
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not Applicable

Item 10.

Certifications:

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 and are not held 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.

JPMORGAN CHASE & CO.

Signature:	Rachel Tsvaygoft
Name/Title:	Vice President
Date:	10/24/2025

FAQ

What did JPMorgan disclose about CMS (CMS) in this 13G/A?

JPMorgan reported beneficial ownership of 18,441,853 CMS Energy common shares, equal to 6.1% of the class as of 09/30/2025.

How much voting power did JPMorgan report for CMS (CMS)?

Sole voting power over 15,815,183 shares and shared voting power over 130,499 shares.

What dispositive power did JPMorgan report over CMS (CMS) shares?

Sole dispositive power over 18,390,239 shares and shared dispositive power over 51,502 shares.

What is the event date for JPMorgan’s CMS (CMS) 13G/A filing?

The event date is 09/30/2025.

What is JPMorgan’s stated purpose for holding CMS (CMS) shares?

It certified the shares were acquired and are held in the ordinary course of business, not to change or influence control.

Which JPMorgan subsidiaries are listed in connection with CMS (CMS)?

Named entities include J.P. Morgan Securities LLC and JPMorgan Chase Bank, National Association, among others.