Huber Capital Management LLC Has $493,000 Holdings in DTE Energy (NYSE:DTE)

Huber Capital Management LLC lessened its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 32.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,084 shares of the utilities provider's stock after selling 2,002 shares during the quarter. Huber Capital Management LLC's holdings in DTE Energy were worth $493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DTE. Allworth Financial LP lifted its holdings in DTE Energy by 16.0% in the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after purchasing an additional 336 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of DTE Energy by 72.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after acquiring an additional 2,642 shares in the last quarter. Nordea Investment Management AB raised its holdings in DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock worth $26,706,000 after purchasing an additional 211,763 shares in the last quarter. Patton Albertson Miller Group LLC lifted its position in DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after purchasing an additional 3,306 shares during the period. Finally, M&T Bank Corp boosted its stake in DTE Energy by 4.4% during the 4th quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock valued at $1,139,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

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DTE Energy Stock Down 5.5 %

Shares of DTE stock traded down $7.65 on Friday, reaching $131.85. 1,732,004 shares of the company's stock traded hands, compared to its average volume of 1,169,727. The company has a market capitalization of $27.36 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a 12-month low of $103.06 and a 12-month high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The business's 50 day moving average price is $130.43 and its two-hundred day moving average price is $125.66.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. On average, equities analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio is currently 64.40%.

Analyst Ratings Changes

Several analysts have recently weighed in on DTE shares. Morgan Stanley upped their price objective on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Guggenheim increased their target price 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, StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.58.

Insider Transactions at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 14,067 shares in the company, valued at $1,862,470.80. This represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by 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.