CMS Energy Corporation (CMS) Releases Earnings Results, Beats Expectations By $0.09 EPS

CMS Energy Corporation (CMS) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.36. The company posted revenue of $1371.00 million in the period, compared to analysts expectations of $1474.24 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 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 opened for trading at $44.7 and hit $45.1 on the upside on Thursday, eventually ending the session at $44.99, with a gain of 0.69% or 0.31 points. The heightened volatility saw the trading volume jump to 22,15,455 shares. Company has a market cap of $12,595 M.

Investors should note that on Jul 21, 2016, CMS Energy Corporation announced a cash dividend of $0.3100. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 31, 2016.

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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