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Zimmer Partners LP bought $89.17 million worth of CMS Energy, becoming a significant shareholder.
Investment firm Zimmer Partners LP has acquired 1.338 million shares of CMS Energy Co., worth about $89.17 million, making it the 17th largest holding in Zimmer's portfolio.
CMS Energy reported a quarterly profit of $1.02 per share on revenue of $2.45 billion, slightly missing analyst expectations.
The company's stock has a price target of $81.00, up from $77.00, and offers a dividend yield of 3.02%.
Institutional investors own 93.57% of CMS Energy, which has a market cap of $21.52 billion.
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Zimmer Partners LP compró CMS Energy por un valor de 89.17 millones de dólares, convirtiéndose en un accionista importante.