Quadrant Capital Group LLC Sells 111 Shares of DTE Energy (NYSE:DTE)

Quadrant Capital Group LLC decreased its stake in DTE Energy (NYSE:DTE) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,951 shares of the utilities provider’s stock after selling 111 shares during the period. Quadrant Capital Group LLC’s holdings in DTE Energy were worth $236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. Vanguard Group Inc. grew its stake in shares of DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the period. Boston Partners increased its stake in shares of DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock worth $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of DTE Energy in the fourth quarter valued at approximately $43,063,000. Nordea Investment Management AB lifted its stake in shares of DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after buying an additional 211,763 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in DTE Energy by 71.4% in the 4th quarter. Teacher Retirement System of Texas now owns 498,025 shares of the utilities provider’s stock worth $60,137,000 after buying an additional 207,529 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $127.22 on Wednesday. The stock’s 50-day moving average is $130.92 and its 200 day moving average is $125.73. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.41 and a beta of 0.49. DTE Energy has a 1-year low of $103.06 and a 1-year 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.

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

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.43%. DTE Energy’s dividend payout ratio is currently 64.40%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Guggenheim increased their target price on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. BMO Capital Markets raised their target price on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley raised 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.58.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This represents a 35.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the business’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 completion of the transaction, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last ninety days. 0.33% of the stock is owned by company insiders.

About DTE Energy

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.