CMS Energy Corporation (CMS) is Initiated by Scotia Howard Weil to Sector Perform, Price Target at $46

CMS Energy Corporation (CMS) was Initiated by Scotia Howard Weil to “Sector Perform” and the brokerage firm has set the Price Target at $46. Scotia Howard Weil advised their investors in a research report released on Jul 15, 2016.

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.

CMS Energy Corporation opened for trading at $44.89 and hit $45.08 on the upside on Wednesday, eventually ending the session at $45.03, with a gain of 1.01% or 0.45 points. The heightened volatility saw the trading volume jump to 18,36,897 shares. Company has a market cap of $12,607 M.

In a different news, on May 26, 2016, Daniel J Malone (Senior Vice President) sold 3,639 shares at $40.95 per share price. According to the SEC, 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.

CMS Energy Corporation

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