Yaupon Capital Management LP Sells 172,601 Shares of DTE Energy (NYSE:DTE)

Yaupon Capital Management LP trimmed its position in shares of DTE Energy (NYSE:DTE - Free Report) by 61.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,875 shares of the utilities provider's stock after selling 172,601 shares during the period. Yaupon Capital Management LP owned 0.05% of DTE Energy worth $12,905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC increased its stake in DTE Energy by 11.9% during the third quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock worth $96,961,000 after acquiring an additional 80,543 shares during the last quarter. World Investment Advisors LLC purchased a new position in DTE Energy in the 3rd quarter worth about $269,000. Arvest Bank Trust Division bought a new stake in shares of DTE Energy during the third quarter valued at approximately $10,338,000. Wilmington Savings Fund Society FSB bought a new position in shares of DTE Energy during the 3rd quarter worth $155,000. Finally, Tidal Investments LLC grew its holdings in DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock worth $320,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

Insider Activity

In other news, SVP Joann Chavez sold 7,062 shares of the company's 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 sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. This 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 in the last three months. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on DTE. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Morgan Stanley boosted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, BMO Capital Markets upped their price objective on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday. Five investment 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, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.17.

DTE Energy Stock Down 1.7 %

DTE Energy stock traded down $2.29 during midday trading on Friday, hitting $134.69. 1,294,718 shares of the company were exchanged, compared to its average volume of 1,199,357. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The company's fifty day moving average price is $133.27 and its 200-day moving average price is $126.27. The company has a market cap of $27.95 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39.

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

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Monday, March 17th. DTE Energy's dividend payout ratio is currently 64.40%.

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.