Augustine Asset Management Inc Exits Position in CMS Energy Corporation (CMS)

CMS Energy Corporation (CMS) : Augustine Asset Management Inc has sold out all of its stake in CMS Energy Corporation during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 16,085 shares of CMS Energy Corporation which is valued at $654,660.

Other Hedge Funds, Including , Gateway Advisory boosted its stake in CMS in the latest quarter, The investment management firm added 2,183 additional shares and now holds a total of 44,608 shares of CMS Energy Corporation which is valued at $1,815,546. CMS Energy Corporation makes up approx 0.66% of Gateway Advisory’s portfolio.Maple-brown Abbott Ltd boosted its stake in CMS in the latest quarter, The investment management firm added 123,592 additional shares and now holds a total of 404,208 shares of CMS Energy Corporation which is valued at $16,212,783. CMS Energy Corporation makes up approx 3.66% of Maple-brown Abbott Ltd’s portfolio.Legal General Group Plc boosted its stake in CMS in the latest quarter, The investment management firm added 33,687 additional shares and now holds a total of 2,122,812 shares of CMS Energy Corporation which is valued at $85,145,989. CMS Energy Corporation makes up approx 0.09% of Legal General Group Plc’s portfolio.Central Bank Trust Co reduced its stake in CMS by selling 84 shares or 33.07% in the most recent quarter. The Hedge Fund company now holds 170 shares of CMS which is valued at $6,844.Washington Trust Bank reduced its stake in CMS by selling 100 shares or 6.49% in the most recent quarter. The Hedge Fund company now holds 1,440 shares of CMS which is valued at $58,147. CMS Energy Corporation makes up approx 0.01% of Washington Trust Bank’s portfolio.

CMS Energy Corporation closed down -0.15 points or -0.37% at $40.7 with 14,49,634 shares getting traded on Friday. Post opening the session at $40.73, the shares hit an intraday low of $40.51 and an intraday high of $41.11 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, CMS Energy Corporation reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.36. The company had revenue of $1371.00 million for the quarter, compared to analysts expectations of $1474.24 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

CMS Energy Corporation (CMS Energy) is an energy company. The Company operates in three segments: consumers electric utility consumers gas utility and enterprises. CMS Energy is engaged in independent power production and owns power generation facilities fueled by natural gas and biomass. Its subsidiaries include Consumers Energy Company (Consumers) and CMS Enterprises Company (CMS Enterprises). Consumers is an electric and gas utility and CMS Enterprises is a domestic independent power producer. The Consumers electric utility segment’s operations include the generation purchase distribution and sale of electricity. CMS Energy’s enterprises segment is engaged in domestic independent power production and the marketing of independent power production. Consumers’ gas utility operations include the purchase transmission storage distribution and sale of natural gas.

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