Duff Phelps Investment Management Co buys $107,060,333 stake in CMS Energy Corporation (CMS)

CMS Energy Corporation (CMS) : Duff Phelps Investment Management Co scooped up 52,610 additional shares in CMS Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,630,475 shares of CMS Energy Corporation which is valued at $107,060,333.CMS Energy Corporation makes up approximately 1.55% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Augustine Asset Management Inc sold out all of its stake in CMS during the most recent quarter. The investment firm sold 16,085 shares of CMS which is valued $654,660.Gulf International Bank (uk) Ltd boosted its stake in CMS in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 84,143 shares of CMS Energy Corporation which is valued at $3,437,242. CMS Energy Corporation makes up approx 0.06% of Gulf International Bank (uk) Ltd’s portfolio.Eagle Asset Management Inc reduced its stake in CMS by selling 680 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 62,101 shares of CMS which is valued at $2,490,871. CMS Energy Corporation makes up approx 0.02% of Eagle Asset Management Inc’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.

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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