Vima LLC Purchases Shares of 2,282 DTE Energy (NYSE:DTE)

Vima LLC acquired a new position in shares of DTE Energy (NYSE:DTEFree Report) in the fourth quarter, Holdings Channel reports. The fund acquired 2,282 shares of the utilities provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MV Capital Management Inc. lifted 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 worth $31,000 after acquiring an additional 143 shares during the period. Creekmur Asset Management LLC bought a new position in shares of DTE Energy during the 4th quarter worth about $53,000. Principal Securities Inc. bought a new position in shares of DTE Energy during the 4th quarter worth about $54,000. Quarry LP acquired a new stake in shares of DTE Energy during the 4th quarter worth about $63,000. Finally, Hexagon Capital Partners LLC increased its position in shares of DTE Energy by 533.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 651 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the transaction, the insider now directly owns 59,475 shares in the company, valued at $6,843,788.25. The sale was disclosed in a filing with the SEC, which is available through this link. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the transaction, the insider now directly owns 59,475 shares in the company, valued at $6,843,788.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lisa A. Muschong sold 1,198 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the transaction, the vice president now owns 4,271 shares in the company, valued at $498,041.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,698 shares of company stock worth $1,702,444. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Scotiabank dropped their target price on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets increased their target price on shares of DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 17th. Barclays increased their target price on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, KeyCorp raised their price objective on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $115.44.

Get Our Latest Stock Report on DTE Energy

DTE Energy Stock Down 0.4 %

DTE traded down $0.40 during trading on Friday, reaching $112.14. The company had a trading volume of 766,328 shares, compared to its average volume of 873,865. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54. DTE Energy has a 12 month low of $90.14 and a 12 month high of $117.44. The business’s fifty day moving average price is $112.11 and its 200 day moving average price is $109.70. The company has a market cap of $23.21 billion, a P/E ratio of 18.35, a PEG ratio of 2.04 and a beta of 0.67.

DTE Energy (NYSE:DTEGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. Equities analysts anticipate that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.64%. DTE Energy’s payout ratio is 66.78%.

DTE Energy Profile

(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.

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

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