DTE Energy (NYSE:DTE) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lessened its holdings in DTE Energy (NYSE:DTE) by 32.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,084 shares of the utilities provider’s stock after selling 2,002 shares during the quarter. Huber Capital Management LLC’s holdings in DTE Energy were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DTE. World Investment Advisors raised its position in shares of DTE Energy by 20.7% during the 4th quarter. World Investment Advisors now owns 2,524 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 432 shares in the last quarter. Cinctive Capital Management LP acquired a new stake in DTE Energy during the fourth quarter worth approximately $9,163,000. Huntington National Bank lifted its position in shares of DTE Energy by 9.3% during the 4th quarter. Huntington National Bank now owns 17,284 shares of the utilities provider’s stock worth $2,087,000 after buying an additional 1,466 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of DTE Energy in the 4th quarter valued at $9,628,000. Finally, Geode Capital Management LLC grew its position in shares of DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider’s stock valued at $592,642,000 after buying an additional 115,270 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DTE has been the subject of a number of research reports. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. BMO Capital Markets boosted their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Morgan Stanley boosted their price objective on DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, Guggenheim raised their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.58.

DTE Energy Stock Performance

NYSE DTE opened at $138.12 on Thursday. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.41 and a beta of 0.59. The business’s 50 day moving average is $129.78 and its two-hundred day moving average is $125.53. DTE Energy has a 12-month low of $103.06 and a 12-month high of $139.05. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share 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%. Research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

Insider Buying and Selling

In other news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the company’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 value of $131,738.88. Following the completion of the sale, the chief accounting officer now 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. Over the last 90 days, insiders have sold 11,877 shares of company stock valued at $1,559,205. Corporate insiders own 0.33% of the company’s stock.

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.