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Ameriprise Financial Increases Stake in CMS Energy
Utility provider sees boost in institutional investment amid focus on renewable energy transition
Mar. 17, 2026 at 7:08am
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Ameriprise Financial Inc. increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 2.7% during the third quarter, according to the company's latest 13F filing with the SEC. Ameriprise now owns approximately 4.9 million shares, or 1.61%, of the utility provider's stock valued at $358.9 million.
Why it matters
CMS Energy's growing institutional investor base reflects the company's strategic focus on renewable energy infrastructure and grid modernization, which are seen as key to Michigan's energy transition. Ameriprise's increased stake signals confidence in CMS's long-term growth potential as a regulated utility leader.
The details
Ameriprise Financial added 128,860 shares of CMS Energy during the third quarter, bringing its total position to 4,900,632 shares. This makes Ameriprise one of CMS Energy's largest institutional shareholders, owning approximately 1.61% of the company's outstanding stock. CMS Energy has been investing heavily in renewable energy projects and grid upgrades to support Michigan's shift away from fossil fuels.
- Ameriprise Financial increased its CMS Energy stake in the third quarter of 2026.
- CMS Energy has been investing in renewable energy and grid modernization projects over the past several years.
The players
Ameriprise Financial Inc.
A diversified financial services firm that provides wealth management, asset management, insurance, annuities and other financial products and services.
CMS Energy Corporation
An energy company based in Jackson, Michigan that provides electric and natural gas service to customers in the state, operating generation, transmission and distribution infrastructure.
The takeaway
As Michigan continues its shift towards renewable energy, CMS Energy's investments in clean power and grid upgrades have attracted increased institutional investment, signaling confidence in the company's long-term growth potential as a regulated utility leader in the state's energy transition.
