CMS Energy Corporation (CMS) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.59 EPS for the quarter. Analysts had a consensus estimate of $0.59. The company posted revenue of $1801.00 million in the period, 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. CMS Energy Corporation was Downgraded by Macquarie to ” Neutral” on Apr 5, 2016.
CMS Energy Corporation opened for trading at $39.61 and hit $40.26 on the upside on Wednesday, eventually ending the session at $40.05, with a gain of 1.47% or 0.58 points. The heightened volatility saw the trading volume jump to 33,88,503 shares. Company has a market cap of $11,133 M.
In a different news, on Mar 10, 2016, David G Mengebier (Senior Vice President) sold 5,125 shares at $41.06 per share price. According to the SEC, on Mar 9, 2016, Glenn P Barba (VP, Controller, CAO) sold 9,000 shares at $40.75 per share price. On Mar 3, 2016, Daniel J Malone (Senior Vice President) sold 2,500 shares at $39.56 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.