DTE Energy (NYSE:DTE) Position Trimmed by Yaupon Capital Management LP

Yaupon Capital Management LP lessened its stake in shares of DTE Energy (NYSE:DTE) by 61.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 106,875 shares of the utilities provider’s stock after selling 172,601 shares during the quarter. Yaupon Capital Management LP’s holdings in DTE Energy were worth $12,905,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its holdings in DTE Energy by 11.9% in the third quarter. Barclays PLC now owns 755,084 shares of the utilities provider’s stock worth $96,961,000 after purchasing an additional 80,543 shares in the last quarter. World Investment Advisors LLC bought a new stake in DTE Energy in the third quarter valued at about $269,000. Arvest Bank Trust Division acquired a new stake in DTE Energy in the 3rd quarter valued at $10,338,000. Wilmington Savings Fund Society FSB bought a new stake in DTE Energy during the third quarter worth about $155,000. Finally, Tidal Investments LLC grew its position in DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE Energy stock opened at $131.93 on Tuesday. DTE Energy has a 12 month low of $107.88 and a 12 month high of $140.39. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The business’s 50 day simple moving average is $132.81 and its 200 day simple moving average is $126.05. The company has a market cap of $27.38 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Sell-side analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were paid a $1.09 dividend. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.30%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Insider Buying and Selling

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the transaction, the chief accounting officer now owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 over the last three months. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research report on Monday. Morgan Stanley upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Guggenheim lifted their target price on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research report on Friday, March 21st. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $139.17.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.