Here are the S-3 shelf registrations from CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078 (CMSC) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-3 covers the shelf registration that lets an established company sell over time, so if you follow CMSC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CMSC filings page.
CMS Energy Corporation registered 2,000,000 shares of common stock for participant purchases through its Stock Purchase Plan. Participants may buy shares directly and reinvest dividends; shares may be newly issued or purchased in the open market by plan administrator Equiniti Trust Company, LLC. When newly issued shares are used, proceeds will go to general corporate purposes.
The Plan requires automatic reinvestment of at least 10% of dividends on shares held in the Plan; participants may reinvest more or receive remaining dividends in cash. The initial investment is at least $250, with that minimum waived for automatic investments of at least $50 for five consecutive transactions. Additional investments may be as low as $25 per transaction, and total annual investments are capped at $250,000.
CMS Energy had 313,625,618 common shares issued and outstanding as of October 7, 2026. Participants pay no purchase commission or service charge, while sales incur fees, including $15 for a Batch Order and $25 for a Market Order. The closing price was $65.86 on October 12, 2026; Plan purchases use separate pricing formulas depending on how shares are acquired.