Proficio Capital Partners LLC Makes New $11.41 Million Investment in DTE Energy (NYSE:DTE)

Proficio Capital Partners LLC purchased a new stake in shares of DTE Energy (NYSE:DTE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,527 shares of the utilities provider's stock, valued at approximately $11,414,000.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $30,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy during the third quarter worth approximately $35,000. Prospera Private Wealth LLC bought a new stake in DTE Energy in the third quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new position in shares of DTE Energy during the 3rd quarter worth approximately $39,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

Shares of DTE traded down $2.09 during trading hours on Thursday, hitting $129.96. 187,841 shares of the company were exchanged, compared to its average volume of 1,071,027. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $136.28. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.41 and a beta of 0.68. The firm's fifty day moving average is $124.22 and its 200 day moving average is $124.05.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.27% and a return on equity of 12.42%. On average, equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.35%. DTE Energy's dividend payout ratio (DPR) is currently 64.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Scotiabank increased their price target on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Guggenheim raised shares of DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. KeyCorp cut shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets boosted their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $135.67.

Insider Buying and Selling

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