DTE Energy (NYSE:DTE) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of DTE Energy (NYSE:DTE) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,001 shares of the utilities provider’s stock after selling 373 shares during the quarter. Sigma Planning Corp’s holdings in DTE Energy were worth $6,641,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DTE. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth $35,000. Prospera Private Wealth LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth $35,000. Versant Capital Management Inc raised its position 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 buying an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy in the 3rd quarter worth $39,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value 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 $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DTE. Scotiabank increased their target price on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price objective on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.67.

DTE Energy Stock Up 0.6 %

NYSE:DTE opened at $131.98 on Friday. The company has a market capitalization of $27.35 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.68. DTE Energy has a one year low of $103.06 and a one year high of $132.88. The stock has a 50-day simple moving average of $122.15 and a 200 day simple moving average of $123.36. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Sell-side analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.30%. DTE Energy’s payout ratio is currently 64.40%.

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.