Russell Investments Group Boosts Stake in CMS Energy

Utility provider sees increased institutional investment as it focuses on clean energy transition.

Mar. 13, 2026 at 9:54am

Got story updates? Submit your updates here. ›

Russell Investments Group Ltd. increased its stake in CMS Energy Corporation (NYSE:CMS) by 14.3% in the third quarter, according to a recent SEC filing. The investment firm now owns 331,421 shares of the utilities provider's stock, valued at $24.3 million. CMS Energy, based in Jackson, Michigan, is a regulated utility focused on electricity and natural gas service in the state.

Why it matters

The increased investment from a major institutional player like Russell Investments signals confidence in CMS Energy's strategic direction as it works to transition its energy mix to more renewable sources. As utilities face pressure to decarbonize, CMS Energy's clean energy initiatives and infrastructure investments are attracting attention from large investors.

The details

According to the SEC filing, Russell Investments Group acquired an additional 41,388 shares of CMS Energy in the third quarter, bringing its total stake to 331,421 shares worth $24.3 million. This represents 0.11% ownership in the utility provider. CMS Energy has been working to reduce its carbon footprint, with plans to eliminate coal from its energy mix by 2025 and achieve net zero carbon emissions by 2040.

  • Russell Investments Group increased its CMS Energy stake in the third quarter of 2026.

The players

Russell Investments Group Ltd.

A global asset management firm that provides investment solutions to institutional and individual investors.

CMS Energy Corporation

A Michigan-based utility company that provides electricity and natural gas services, with a focus on transitioning to renewable energy sources.

Got photos? Submit your photos here. ›

What they’re saying

“We must continue to invest in utilities that are leading the charge on clean energy transition.”

— Jill Thompson, Portfolio Manager, Russell Investments Group

What’s next

CMS Energy is expected to provide an update on its renewable energy plans and emissions reduction targets during its next quarterly earnings call.

The takeaway

CMS Energy's strategic shift towards renewable energy and decarbonization is attracting increased institutional investment, signaling confidence in the utility's ability to navigate the clean energy transition.