CMS Energy Corporation (CMS) : Formulafolio Investments added new position in CMS Energy Corporation during the most recent quarter end. The investment management firm now holds 21,244 shares of CMS Energy Corporation which is valued at $928,788 , the company said in a statement filed on Aug 8, 2016 with the SEC.CMS Energy Corporation makes up approximately 0.16% of Formulafolio Investments’s portfolio.
Other Hedge Funds, Including , Cypress Capital Management sold out all of its stake in CMS during the most recent quarter. The investment firm sold 6,600 shares of CMS which is valued $288,354.Brc Investment Management reduced its stake in CMS by selling 51,601 shares or 10.59% in the most recent quarter. The Hedge Fund company now holds 435,825 shares of CMS which is valued at $19,041,194. CMS Energy Corporation makes up approx 3.20% of Brc Investment Management’s portfolio.
CMS Energy Corporation closed down -0.85 points or -1.94% at $43.01 with 19,28,106 shares getting traded on Monday. Post opening the session at $43.85, the shares hit an intraday low of $43.005 and an intraday high of $44.01 and the price fluctuated in this range throughout the day.Shares ended Monday 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.