CMS Energy Corporation (NYSE:CMS), saw a top level insider lower his holdings with the company. Senior Vice President David G. Mengebier sold 1,745 shares at an average price of $28.766 per share and following the official filing of this transaction, Mengebier has a total of 123,693 shares directly invested in the corporation.
A $7.78 billion market cap company, CMS Energy Corporation (NYSE:CMS) is the parent holding company of several subsidiaries, including Consumers Energy Company (Consumers) and CMS Enterprises Company (CMS Enterprises). Consumers is an electric and gas utility, and CMS Enterprises, primarily a domestic independent power producer.
As well, there are outside investors involved with the energy corporation. Millennium Management, the hedge fund run by Israel Englander, saw an 11% drop in its activity last quarter, and now has 7,085,303 shares worth about $207.5 million; while Clint Carlson‘s Carlson Capital lowered its holdings by 23% last quarter, and now has 2,678,690 shares worth $78.4 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.