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 5.51% during the most recent quarter end. The investment management company now holds a total of 219,169 shares of CMS Energy Corporation which is valued at $9,106,472 after selling 12,777 shares in CMS Energy Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.CMS Energy Corporation makes up approximately 2.66% of Contravisory Investment Management’s portfolio.

CMS Energy Corporation opened for trading at $41.32 and hit $41.68 on the upside on Friday, eventually ending the session at $41.55, with a gain of 0.63% or 0.26 points. The heightened volatility saw the trading volume jump to 20,56,363 shares. Company has a market cap of $11,550 M.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in CMS by selling 22 shares or 7.97% in the most recent quarter. The Hedge Fund company now holds 254 shares of CMS which is valued at $10,554.British Columbia Investment Management Corp boosted its stake in CMS in the latest quarter, The investment management firm added 34,333 additional shares and now holds a total of 230,631 shares of CMS Energy Corporation which is valued at $9,596,556. CMS Energy Corporation makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio.Proficio Capital Partners boosted its stake in CMS in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 38 shares of CMS Energy Corporation which is valued at $1,581.

On the company’s financial health, CMS Energy Corporation reported $0.38 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $1509.00 million for the quarter, compared to analysts expectations of $2048.72 million. The company’s revenue was down -14.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 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 (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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