Central Bank Trust Co Lowers stake in CMS Energy Corporation (CMS)

CMS Energy Corporation (CMS) : Central Bank Trust Co reduced its stake in CMS Energy Corporation by 33.07% during the most recent quarter end. The investment management company now holds a total of 170 shares of CMS Energy Corporation which is valued at $6,844 after selling 84 shares in CMS Energy Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in CMS by selling 1,015 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 71,245 shares of CMS which is valued at $2,868,324. CMS Energy Corporation makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings reduced its stake in CMS by selling 4,787 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 234,885 shares of CMS which is valued at $9,484,656. CMS Energy Corporation makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CMS by selling 6,077 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 119,093 shares of CMS which is valued at $4,808,975. CMS Energy Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.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 -0.19 points or -0.47% at $40.26 with 17,47,166 shares getting traded on Friday. Post opening the session at $40.77, the shares hit an intraday low of $40.22 and an intraday high of $41.15 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.

Many Wall Street Analysts have commented on CMS Energy Corporation. Scotia Howard Weil Initiated CMS Energy Corporation on Jul 15, 2016 to “Sector Perform”, Price Target of the shares are set at $46.

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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