SunTrust Robinson Humphrey Maintains CMS Energy Corporation to Neutral with Price Target $41.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on CMS Energy Corporation(NYSE:CMS). In a research note issued to the investors, the brokerage major Lowers the price-target to $41.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Sep 12, 2016.

In a different note, On Aug 29, 2016, SunTrust Robinson Humphrey said it Maintains its rating on CMS Energy Corporation. In the research note, the firm Lowers the price-target to $43.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 1, 2016, SunTrust Robinson Humphrey said it Maintains its rating on CMS Energy Corporation. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Neutral’ by the firm. 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) shares turned negative on Tuesdays trading session with the shares closing down -0.11 points or -0.26% at a volume of 13,95,941. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.13. The peak price level was also seen at $43.13 while the days lowest was $42.675. Finally the shares closed at $42.7. The 52-week high of the shares is $46.25 while the 52-week low is $33.33. According to the latest information available, the market cap of the company is $11,949 M.

CMS Energy Corporation(CMS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.37B. Analysts had an estimated revenue of $1.49B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.29.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Brian F Rich (SVP and CIO) sold 2,135 shares at $43.17 per share price.Also, On Aug 11, 2016, Catherine M Reynolds (SVP and General Counsel) sold 11,032 shares at $43.59 per share price.On May 26, 2016, Daniel J Malone (Senior Vice President) sold 3,639 shares at $40.95 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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