Leeward Investments LLC MA Lowers Stock Position in DTE Energy (NYSE:DTE)

Leeward Investments LLC MA trimmed its holdings in DTE Energy (NYSE:DTE) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,990 shares of the utilities provider’s stock after selling 3,480 shares during the quarter. Leeward Investments LLC MA owned approximately 0.06% of DTE Energy worth $14,222,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MV Capital Management Inc. increased its holdings in shares of DTE Energy by 104.4% in 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 period. Milestone Investment Advisors LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at $36,000. Compagnie Lombard Odier SCmA acquired a new position in shares of DTE Energy in the 3rd quarter valued at $37,000. Authentikos Wealth Advisory LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at $43,000. Finally, Horizon Bancorp Inc. IN acquired a new position in shares of DTE Energy in the 3rd quarter valued at $54,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Guggenheim cut shares of 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 boosted their price objective on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. Barclays boosted their price objective on shares of DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Scotiabank dropped their price objective on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Finally, TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.10.

Insider Activity

In other news, VP Lisa A. Muschong sold 2,775 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total transaction of $300,893.25. Following the completion of the transaction, the vice president now owns 5,469 shares of the company’s stock, valued at approximately $593,003.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, COO Robert A. Richard sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the sale, the chief operating officer now owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Lisa A. Muschong sold 2,775 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $108.43, for a total transaction of $300,893.25. Following the sale, the vice president now directly owns 5,469 shares of the company’s stock, valued at approximately $593,003.67. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock valued at $2,168,183 in the last 90 days. 0.61% of the stock is currently owned by insiders.

DTE Energy Trading Down 1.5 %

Shares of DTE stock opened at $109.52 on Friday. The firm has a 50-day moving average price of $109.15 and a 200 day moving average price of $106.15. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.77 and a beta of 0.64. 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:DTE) last announced its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.63%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. Research analysts forecast that DTE Energy will post 6.69 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy’s dividend payout ratio is currently 66.78%.

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.