Contravisory Investment Management Lowers stake in CMS Energy Corporation (CMS)

CMS Energy Corporation (CMS) : Contravisory Investment Management reduced its stake in CMS Energy Corporation by 6.82% during the most recent quarter end. The investment management company now holds a total of 204,223 shares of CMS Energy Corporation which is valued at $9,196,162 after selling 14,946 shares in CMS Energy Corporation , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.CMS Energy Corporation makes up approximately 2.79% of Contravisory Investment Management’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in CMS in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 30,176 shares of CMS Energy Corporation which is valued at $1,358,825. CMS Energy Corporation makes up approx 0.04% of Capstone Asset Management Co’s portfolio.Gateway Investment Advisers reduced its stake in CMS by selling 673 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 18,533 shares of CMS which is valued at $834,541. CMS Energy Corporation makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Next Financial Group Inc boosted its stake in CMS in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 1,127 shares of CMS Energy Corporation which is valued at $51,290. CMS Energy Corporation makes up approx 0.02% of Next Financial Group Inc’s portfolio. Iowa State Bank added CMS to its portfolio by purchasing 350 company shares during the most recent quarter which is valued at $15,929. CMS Energy Corporation makes up approx 0.01% of Iowa State Bank’s portfolio.

CMS Energy Corporation opened for trading at $44.85 and hit $45.0999 on the upside on Monday, eventually ending the session at $44.93, with a gain of 0.25% or 0.11 points. The heightened volatility saw the trading volume jump to 12,06,106 shares. Company has a market cap of $12,579 M.

On the company’s financial health, CMS Energy Corporation reported $0.59 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.59. The company had revenue of $1801.00 million for the quarter, compared to analysts expectations of $2008.57 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 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.

Leave a Reply

CMS Energy Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on CMS Energy Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.