Blueshift Asset Management LLC Buys 1,927 Shares of DTE Energy (NYSE:DTE)

Blueshift Asset Management LLC lifted its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,471 shares of the utilities provider's stock after acquiring an additional 1,927 shares during the quarter. Blueshift Asset Management LLC's holdings in DTE Energy were worth $781,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in DTE Energy during the third quarter worth approximately $30,000. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy in the third quarter worth $35,000. Versant Capital Management Inc boosted its holdings in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock worth $36,000 after buying an additional 267 shares during the period. Robbins Farley acquired a new position in DTE Energy in the 4th quarter valued at $57,000. Finally, Kestra Investment Management LLC bought a new position in DTE Energy in the 4th quarter worth $57,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Activity

In related news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. This represents a 35.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,877 shares of company stock worth $1,559,205. Corporate insiders own 0.61% of the company's stock.

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Analyst Ratings Changes

DTE has been the topic of several research analyst reports. UBS Group raised DTE Energy from a "neutral" rating to a "buy" rating and raised their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday. BMO Capital Markets upped their price target on 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 stock an "overweight" rating in a research report on Thursday. Finally, StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $138.58.

DTE Energy Price Performance

NYSE DTE traded down $1.08 on Monday, reaching $136.03. The company's stock had a trading volume of 1,125,024 shares, compared to its average volume of 1,092,203. DTE Energy has a 52 week low of $103.06 and a 52 week high of $138.22. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The firm has a market cap of $28.23 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The business has a 50-day moving average price of $127.74 and a 200 day moving average price of $124.95.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Sell-side analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.21%. DTE Energy's dividend payout ratio is presently 64.40%.

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.