Silverleafe Capital Partners LLC Makes New Investment in CMS Energy Co. (NYSE:CMS)

Silverleafe Capital Partners LLC purchased a new position in shares of CMS Energy Co. (NYSE:CMS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,000 shares of the utilities provider’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of CMS Energy by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,374 shares of the utilities provider’s stock valued at $97,579,000 after acquiring an additional 40,302 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in CMS Energy by 68.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 26,034 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of CMS Energy by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after purchasing an additional 18,636 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of CMS Energy by 132.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock worth $62,100,000 after purchasing an additional 611,282 shares during the last quarter. Finally, Viking Fund Management LLC acquired a new position in shares of CMS Energy during the 1st quarter worth $2,655,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

NYSE:CMS opened at $59.53 on Friday. The company has a 50-day moving average of $61.07 and a 200-day moving average of $59.12. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.38 and a beta of 0.40. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35.

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

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors 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 payout ratio is 62.80%.

Insider Buying and Selling

In related news, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at $884,859.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. Insiders have sold 6,027 shares of company stock valued at $365,651 in the last 90 days. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CMS shares. UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Thursday, April 4th. KeyCorp upped their price objective on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets upped their price objective on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Royal Bank of Canada decreased their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. Finally, 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 report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.20.

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.