Maple-brown Abbott Ltd buys $16,212,783 stake in CMS Energy Corporation (CMS)

CMS Energy Corporation (CMS) : Maple-brown Abbott Ltd scooped up 123,592 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 12, 2016. The investment management firm now holds a total of 404,208 shares of CMS Energy Corporation which is valued at $16,212,783.CMS Energy Corporation makes up approximately 3.66% of Maple-brown Abbott Ltd’s portfolio.

Other Hedge Funds, Including , 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.Carroll Financial Associates reduced its stake in CMS by selling 2 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 1,619 shares of CMS which is valued at $65,748. CMS Energy Corporation makes up approx 0.01% of Carroll Financial Associates’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.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.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 -0.5 points or -1.23% at $40.11 with 20,98,974 shares getting traded on Tuesday. Post opening the session at $40.45, the shares hit an intraday low of $40.03 and an intraday high of $40.59 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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