Ownership Don’t Lie: Consumers Energy Co (NYSE:CMS) Institutional Investors Sentiment Unchanged in Q2 2016

November 28, 2016 - By Marie Mckinney   ·   0 Comments

Ownership Don't Lie: Consumers Energy Co (NYSE:CMS) Institutional Investors Sentiment Unchanged in  Q2 2016

Sentiment for Consumers Energy Co (NYSE:CMS)

Consumers Energy Co (NYSE:CMS) institutional sentiment decreased to 0.94 in 2016 Q2. Its down -0.23, from 1.17 in 2016Q1. The ratio dropped, as 207 hedge funds opened new or increased holdings, while 177 reduced and sold their positions in Consumers Energy Co. The hedge funds in our partner’s database reported: 245.16 million shares, down from 246.47 million shares in 2016Q1. Also, the number of hedge funds holding Consumers Energy Co in their top 10 holdings increased from 5 to 6 for an increase of 1. Sold All: 33 Reduced: 144 Increased: 167 New Position: 40.

CMS Energy Corporation is an energy firm operating primarily in Michigan. The company has a market cap of $11.82 billion. The Firm operates in three divisions, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility activities and investments). It has a 19.84 P/E ratio. CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.

About 1.11M shares traded hands. CMS Energy Corporation (NYSE:CMS) has risen 2.55% since April 25, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Analysts await CMS Energy Corporation (NYSE:CMS) to report earnings on February, 2. They expect $0.28 EPS, down 26.32% or $0.10 from last year’s $0.38 per share. CMS’s profit will be $80.08 million for 36.90 P/E if the $0.28 EPS becomes a reality. After $0.70 actual EPS reported by CMS Energy Corporation for the previous quarter, Wall Street now forecasts -60.00% negative EPS growth.

According to Zacks Investment Research, “CMS Energy’s business strategy is focused primarily on its principal subsidiary, Consumers Energy, an electric and natural gas utility serving about 6.5 million of Michigan’s 10 million residents. With its CMS Enterprises subsidiary, CMS Energy also is engaged in independent power generation in several states.”

Bruce & Co. Inc. holds 6.31% of its portfolio in CMS Energy Corporation for 538,300 shares. Brc Investment Management Llc owns 435,825 shares or 3.47% of their US portfolio. Moreover, Contravisory Investment Management Inc. has 2.87% invested in the company for 204,223 shares. The Illinois-based Hedeker Wealth Llc has invested 2.41% in the stock. Huff W R Asset Management Co Llc De, a Florida-based fund reported 48,840 shares.#img1#

CMS Energy Corporation (NYSE:CMS) Ratings Coverage

Ratings analysis reveals 0 of CMS Energy Corporation’s analysts are positive. Out of 6 Wall Street analysts rating CMS Energy Corporation, 0 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $32 while the high is $46. The stock’s average target of $42.17 is 2.03% above today’s ($41.33) share price. CMS was included in 13 notes of analysts from August 31, 2015. Suntrust Robinson maintained the stock with “Neutral” rating in Monday, October 19 report. SunTrust maintained the stock with “Neutral” rating in Monday, October 19 report. The rating was downgraded by UBS on Monday, October 26 to “Neutral”. SunTrust maintained the shares of CMS in a report on Monday, September 26 with “Neutral” rating. Scotia Capital initiated the stock with “Sector Perform” rating in Friday, July 15 report. The stock has “Neutral” rating given by Suntrust Robinson on Monday, August 29. The company was initiated on Friday, July 15 by Howard Weil. The firm earned “Neutral” rating on Monday, March 7 by SunTrust. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, March 18.

CMS Company Profile

CMS Energy Corporation (CMS Energy), incorporated on February 26, 1987, is an energy firm operating primarily in Michigan. The Firm operates in three divisions, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility activities and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass. The Company’s other business includes EnerBank USA (EnerBank), which is a Utah state-chartered, Federal Deposit Insurance Corporation (FDIC)-insured industrial bank providing unsecured consumer installment loans for financing home improvements. The Company’s subsidiaries include Consumers Energy Company (Consumers), which is an electric and gas utility firm and CMS Enterprises Company (CMS Enterprises), which is a domestic independent power producer.

More news for CMS Energy Corporation (NYSE:CMS) were recently published by: Businesswire.com, which released: “Fitch Rates CMS Energy Corporation’s Senior Notes ‘BBB'” on October 31, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and CMS Energy” and published on October 31, 2016 is yet another important article.

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By Marie Mckinney


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