Sigma Planning Corp Sells 37,049 Shares of DTE Energy (NYSE:DTE)

Sigma Planning Corp lessened its stake in shares of DTE Energy (NYSE:DTEFree Report) by 67.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,053 shares of the utilities provider’s stock after selling 37,049 shares during the period. Sigma Planning Corp’s holdings in DTE Energy were worth $1,991,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MV Capital Management Inc. increased its holdings in shares of DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 143 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in shares of DTE Energy during the 3rd quarter valued at about $36,000. Compagnie Lombard Odier SCmA acquired a new position in shares of DTE Energy during the 3rd quarter valued at about $37,000. Authentikos Wealth Advisory LLC acquired a new position in shares of DTE Energy during the 3rd quarter valued at about $43,000. Finally, Horizon Bancorp Inc. IN acquired a new position in shares of DTE Energy during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $108.57 on Monday. DTE Energy has a 1-year low of $90.14 and a 1-year high of $116.73. The firm has a market capitalization of $22.47 billion, a PE ratio of 16.06, a PEG ratio of 2.70 and a beta of 0.64. The business’s 50 day moving average is $108.74 and its 200-day moving average is $105.77. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58.

DTE Energy (NYSE:DTEGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.01. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same quarter last year, the firm earned $1.31 EPS. Sell-side analysts predict that DTE Energy will post 6.71 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 annualized dividend and a dividend yield of 3.76%. DTE Energy’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling

In related news, SVP Joann Chavez sold 6,070 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares in the company, valued at approximately $1,819,869.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The disclosure for this sale can be found here. Insiders sold 20,095 shares of company stock worth $2,168,183 in the last 90 days. 0.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DTE. Barclays increased their price objective on DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, April 15th. KeyCorp raised their target price on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Guggenheim lowered DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 target price on the stock. in a report on Monday, January 22nd. BMO Capital Markets raised their target price on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. Finally, Wolfe Research lowered DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $114.56.

Read Our Latest Stock Report on DTE

About DTE Energy

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy (NYSE:DTEFree Report).

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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