Revenue Update on CMS Energy Corporation(NYSE:CMS)

CMS Energy Corporation(NYSE:CMS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.37B. Analysts estimated a revenue of $1.49B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.29.

In a different note, Scotia Bank said it Initiates Coverage on CMS Energy Corporation, according to a research note issued on Jul 15, 2016. The shares have been rated ‘Sector Perform’ by the firm.

CMS Energy Corporation (CMS) made into the market gainers list on Thursdays trading session with the shares advancing 0.43% or 0.19 points. Due to strong positive momentum, the stock ended at $44.32, which is also near the day’s high of $44.64. The stock began the session at $44.19 and the volume stood at 14,56,635 shares. The 52-week high of the shares is $46.25 and the 52 week low is $31.86. The company has a current market capitalization of $12,402 M and it has 27,98,29,080 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Daniel J Malone (Senior Vice President) sold 3,639 shares at $40.95 per share price.Also, On May 25, 2016, John G Russell (President and CEO) sold 196,000 shares at $41.04 per share price.On May 12, 2016, David G Mengebier (Senior Vice President) sold 13,420 shares at $41.66 per share price, according to the Form-4 filing with the securities and exchange commission.

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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