DTE Energy (NYSE:DTE) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC cut its holdings in shares of DTE Energy (NYSE:DTE) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,942 shares of the utilities provider’s stock after selling 270 shares during the period. V Square Quantitative Management LLC’s holdings in DTE Energy were worth $355,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DTE. Retirement Guys Formula LLC increased its position in shares of DTE Energy by 8.7% in the 4th quarter. Retirement Guys Formula LLC now owns 9,560 shares of the utilities provider’s stock valued at $1,154,000 after acquiring an additional 762 shares during the period. Savant Capital LLC increased its position in shares of DTE Energy by 37.4% in the 4th quarter. Savant Capital LLC now owns 7,426 shares of the utilities provider’s stock valued at $897,000 after acquiring an additional 2,021 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of DTE Energy by 46.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 6,871 shares of the utilities provider’s stock valued at $830,000 after acquiring an additional 2,195 shares during the period. Miller Howard Investments Inc. NY increased its position in shares of DTE Energy by 1.3% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,821 shares of the utilities provider’s stock valued at $1,427,000 after acquiring an additional 155 shares during the period. Finally, Stephens Inc. AR increased its position in shares of DTE Energy by 26.0% in the 4th quarter. Stephens Inc. AR now owns 4,474 shares of the utilities provider’s stock valued at $540,000 after acquiring an additional 923 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DTE has been the topic of several research reports. Morgan Stanley cut their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Trading Up 1.1 %

DTE stock opened at $129.21 on Monday. The company’s 50-day simple moving average is $121.24 and its 200-day simple moving average is $123.06. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66. The firm has a market cap of $26.76 billion, a P/E ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. As a group, equities analysts forecast that DTE Energy will post 6.77 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is presently 59.08%.

DTE Energy Company 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.