Maple-brown Abbott Ltd buys $12,268,532 stake in CMS Energy Corporation (CMS)

CMS Energy Corporation (CMS) : Maple-brown Abbott Ltd scooped up 19,800 additional shares in CMS Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 280,616 shares of CMS Energy Corporation which is valued at $12,268,532.CMS Energy Corporation makes up approximately 3.77% of Maple-brown Abbott Ltd’s portfolio.

Other Hedge Funds, Including , Maple-brown Abbott Ltd boosted its stake in CMS in the latest quarter, The investment management firm added 19,800 additional shares and now holds a total of 280,616 shares of CMS Energy Corporation which is valued at $12,268,532. CMS Energy Corporation makes up approx 3.77% of Maple-brown Abbott Ltd’s portfolio.Td Asset Management Inc boosted its stake in CMS in the latest quarter, The investment management firm added 9,064 additional shares and now holds a total of 162,917 shares of CMS Energy Corporation which is valued at $7,117,844. CMS Energy Corporation makes up approx 0.01% of Td Asset Management Inc’s portfolio.

CMS Energy Corporation opened for trading at $42.21 and hit $43.11 on the upside on Wednesday, eventually ending the session at $43.03, with a gain of 1.73% or 0.73 points. The heightened volatility saw the trading volume jump to 26,05,621 shares. Company has a market cap of $12,041 M.

On the company’s financial health, CMS Energy Corporation reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.36. The company had revenue of $1371.00 million for the quarter, 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 (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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