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Tuesday 26 May 2015
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Friday’s active Stocks Alert: CMS Energy, (NYSE:CMS), PulteGroup, (NYSE:PHM), Penn West Petroleum, (NYSE:PWE), Companhia Siderurgica Nacional, (NYSE:SID)

On Friday, Shares of CMS Energy Corp. (NYSE:CMS), gained 1.48% to $33.66.

CMS Energy Corporation, declared a commitment to double the amount of landfill space it saves.

One million cubic yards of landfill space saved is equal to five football fields stacked from aim line to aim line, 100 feet deep.

Since starting the waste minimization program in 1992, Consumers Energy has recycled more than 700,000 cubic yards of material – counting 112,566 pounds of lighting ballasts, for example. That represents more than $14 million in avoided landfill costs.

In the last four years, Consumers Energy’s recycling ratio has averaged nearly 34 percent, which is above the current state average and assists support the governor’s aim of 30 percent for the entire state.

CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula.

Shares of PulteGroup, Inc. (NYSE:PHM), inclined 0.46% to $19.79, during its last trading session.

PulteGroup, declared that its Board of Directors has declared a quarterly cash dividend of $0.08 per common share payable July 2, 2015, to shareholders of record at the close of business on June 11, 2015.

PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land.

At the end of Friday’s trade, Shares of Penn West Petroleum Ltd. (NYSE:PWE), gained 0.93% to $2.17.

Penn West Petroleum, declared that it has successfully closed its formerly confirmed sale of royalty production and mineral title lands for an aggregate cash consideration of about $318 million , after minor closing adjustments. Proceeds from this transaction will be used to reduce the Company’s senior debt.

Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company’s properties are located in Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, Canada; and Wyoming, the United States.

Finally, Companhia Siderurgica Nacional (NYSE:SID), ended its last trade with -2.17% loss, and closed at $2.70.

Companhia Siderúrgica Nacional, declared its results for the first quarter of 2015 (1Q15):

  • Steel sales totaled 1.4 million tonnes in 1Q15, 12% up on 4Q14. Of this total, 63% went to the domestic market and 37% to foreign market;
  • Net revenue from steel operations totaled R$3,123 million, a 14% improvement over 4Q14;
  • Merged net revenue totaled R$4,0 billion in 1Q15, 5.0% up on the previous quarter;
  • Gross profit totaled R$985 million, 7% up on the previous three months;
  • Merged net income of R$392 million in 1Q15, R$325 million higher than in 4Q14.

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Cement, Logistics, and Energy. The company primarily produces carbon steel and various steel products for the distribution, packaging, automotive, home appliance, and construction industries.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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