9,259 Shares in DTE Energy (NYSE:DTE) Purchased by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD bought a new stake in shares of DTE Energy (NYSE:DTE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,259 shares of the utilities provider's stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in DTE Energy during the third quarter worth approximately $30,000. Versant Capital Management Inc boosted its holdings in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock worth $36,000 after purchasing an additional 267 shares during the period. Robbins Farley bought a new position in shares of DTE Energy during the 4th quarter valued at approximately $57,000. Kestra Investment Management LLC purchased a new stake in DTE Energy during the 4th quarter valued at $57,000. Finally, AdvisorNet Financial Inc lifted its position in DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after buying an additional 313 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Guggenheim boosted their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Morgan Stanley increased their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Finally, BMO Capital Markets boosted their price objective on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.58.

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DTE Energy Stock Up 0.4 %

DTE Energy stock traded up $0.57 during midday trading on Friday, hitting $129.32. 433,387 shares of the company's stock were exchanged, compared to its average volume of 1,177,937. 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 company has a market cap of $26.84 billion, a PE ratio of 19.02, a P/E/G ratio of 2.41 and a beta of 0.49. The firm has a 50-day moving average of $131.51 and a two-hundred day moving average of $125.81. DTE Energy has a 12 month low of $103.06 and a 12 month high of $140.39.

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

DTE Energy Dividend Announcement

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 given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's payout ratio is 64.40%.

Insider Buying and Selling

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last three months. 0.33% of the stock is owned by insiders.

About DTE Energy

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.