Silverleafe Capital Partners LLC Purchases Shares of 5,000 CMS Energy Co. (NYSE:CMS)

Silverleafe Capital Partners LLC purchased a new stake in CMS Energy Co. (NYSE:CMS) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 5,000 shares of the utilities provider’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB increased its position in CMS Energy by 150.1% in the 1st quarter. AMF Tjanstepension AB now owns 452,333 shares of the utilities provider’s stock valued at $27,329,000 after acquiring an additional 271,450 shares during the period. Ausbil Investment Management Ltd acquired a new position in CMS Energy in the 1st quarter valued at approximately $4,062,000. Viking Fund Management LLC acquired a new position in CMS Energy in the 1st quarter valued at approximately $2,655,000. Gateway Investment Advisers LLC increased its position in CMS Energy by 10.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 26,308 shares of the utilities provider’s stock valued at $1,587,000 after acquiring an additional 2,495 shares during the period. Finally, Miller Howard Investments Inc. NY increased its position in CMS Energy by 19.8% in the 1st quarter. Miller Howard Investments Inc. NY now owns 660,031 shares of the utilities provider’s stock valued at $39,826,000 after acquiring an additional 109,165 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMS has been the subject of several recent analyst reports. Barclays increased their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Morgan Stanley decreased their price objective on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Scotiabank decreased their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets increased their price objective on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, KeyCorp increased their price objective on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $64.20.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $884,859.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the sale, the senior vice president now directly owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction on Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the sale, the director now owns 14,556 shares in the company, valued at $884,859.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,027 shares of company stock worth $365,651. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Down 0.7 %

Shares of NYSE CMS opened at $59.53 on Friday. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The firm has a market cap of $17.74 billion, a PE ratio of 18.15, a P/E/G ratio of 2.38 and a beta of 0.40. The company’s fifty day simple moving average is $61.07 and its 200 day simple moving average is $59.12. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.46%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.