DTE Energy (NYSE:DTE) Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in DTE Energy (NYSE:DTE - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,700 shares of the utilities provider's stock after selling 7,495 shares during the quarter. Versor Investments LP's holdings in DTE Energy were worth $2,017,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in DTE Energy in the third quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy during the third quarter valued at about $35,000. Prospera Private Wealth LLC purchased a new position in shares of DTE Energy during the 3rd quarter valued at $35,000. Versant Capital Management Inc raised its position in shares of DTE Energy by 890.0% during 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 purchased a new stake in shares of DTE Energy in the third quarter worth about $39,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 1.1 %

Shares of NYSE:DTE traded up $1.50 during midday trading on Monday, hitting $135.20. The company had a trading volume of 1,008,464 shares, compared to its average volume of 1,146,141. 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 stock has a market cap of $28.02 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.41 and a beta of 0.68. The firm has a fifty day simple moving average of $123.47 and a 200 day simple moving average of $123.83. DTE Energy has a 12 month low of $103.06 and a 12 month high of $135.24.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.22%. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Analysts Set New Price Targets

A number of brokerages have commented on DTE. Scotiabank upped their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Barclays cut 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. BMO Capital Markets raised their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.67.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy 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 sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock worth $1,559,205 over the last three months. Corporate insiders own 0.61% of the company's stock.

DTE Energy Company 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.