DTE Energy (NYSE:DTE) Position Trimmed by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its holdings in shares of DTE Energy (NYSE:DTE) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,785 shares of the utilities provider’s stock after selling 8,144 shares during the period. Guggenheim Capital LLC’s holdings in DTE Energy were worth $6,495,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DTE. Canada Post Corp Registered Pension Plan acquired a new stake in DTE Energy during the fourth quarter worth about $3,867,000. Mariner LLC grew its holdings in shares of DTE Energy by 16.7% during the fourth quarter. Mariner LLC now owns 48,256 shares of the utilities provider’s stock valued at $5,827,000 after purchasing an additional 6,896 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of DTE Energy by 12.9% during the 4th quarter. SageView Advisory Group LLC now owns 4,267 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 487 shares during the period. BTG Pactual Asset Management US LLC bought a new stake in shares of DTE Energy in the 4th quarter worth approximately $2,724,000. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of DTE Energy in the 4th quarter worth approximately $351,000. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DTE has been the topic of several analyst reports. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. BMO Capital Markets increased their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Finally, Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Five equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $138.58.

DTE Energy Price Performance

NYSE:DTE opened at $133.33 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The business’s 50-day moving average price is $132.49 and its 200 day moving average price is $126.01. DTE Energy has a 52-week low of $105.04 and a 52-week high of $140.39. The firm has a market cap of $27.67 billion, a P/E ratio of 19.69, a PEG ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS 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%. As a group, sell-side analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy’s dividend payout ratio is presently 64.40%.

Insider Transactions at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 directly owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock valued at $1,559,205 in the last three months. 0.33% of the stock is currently owned by corporate insiders.

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.