DTE Energy (NYSE:DTE) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its position in shares of DTE Energy (NYSE:DTE - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,761 shares of the utilities provider's stock after selling 18,421 shares during the period. Entropy Technologies LP's holdings in DTE Energy were worth $3,231,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy during the third quarter valued at approximately $30,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth approximately $35,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy during the 3rd quarter valued at $35,000. Versant Capital Management Inc boosted its holdings in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 267 shares during the period. Finally, Coastline Trust Co bought a new position in DTE Energy in the 3rd quarter valued at $39,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Down 0.7 %

Shares of NYSE DTE traded down $0.86 during trading hours on Wednesday, hitting $124.03. 1,336,787 shares of the stock were exchanged, compared to its average volume of 1,102,260. DTE Energy has a 12 month low of $103.06 and a 12 month high of $131.66. The firm has a fifty day moving average price of $120.94 and a 200-day moving average price of $122.93. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a market cap of $25.69 billion, a PE ratio of 16.81, a PEG ratio of 2.25 and a beta of 0.68.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.52%. DTE Energy's dividend payout ratio (DPR) is 59.08%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Guggenheim raised shares of DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a "hold" rating and a $137.00 target price on the stock. Wells Fargo & Company boosted their price target on DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and a consensus target price of $136.25.

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.