Leeward Investments LLC MA Sells 3,480 Shares of DTE Energy (NYSE:DTE)

Leeward Investments LLC MA reduced its stake in shares of DTE Energy (NYSE:DTE) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,990 shares of the utilities provider’s stock after selling 3,480 shares during the quarter. Leeward Investments LLC MA’s holdings in DTE Energy were worth $14,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Glenmede Trust Co. NA grew its stake in shares of DTE Energy by 0.9% during the third quarter. Glenmede Trust Co. NA now owns 129,083 shares of the utilities provider’s stock valued at $12,815,000 after buying an additional 1,106 shares during the last quarter. Raymond James & Associates lifted its position in DTE Energy by 6.5% in the 4th quarter. Raymond James & Associates now owns 209,488 shares of the utilities provider’s stock valued at $23,098,000 after acquiring an additional 12,871 shares in the last quarter. SG Americas Securities LLC lifted its position in DTE Energy by 273.2% in the 4th quarter. SG Americas Securities LLC now owns 48,071 shares of the utilities provider’s stock valued at $5,300,000 after acquiring an additional 35,189 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in DTE Energy by 25.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,737 shares of the utilities provider’s stock valued at $4,271,000 after buying an additional 7,975 shares during the last quarter. Finally, Arvest Investments Inc. purchased a new stake in shares of DTE Energy in the 4th quarter worth $2,581,000. 76.06% of the stock is owned by institutional investors.

Insider Activity at DTE Energy

In other news, CAO Tracy J. Myrick sold 600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Tracy J. Myrick sold 600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,095 shares of company stock valued at $2,168,183. Corporate insiders own 0.61% of the company’s stock.

DTE Energy Price Performance

NYSE:DTE opened at $109.52 on Friday. DTE Energy has a one year low of $90.14 and a one year high of $116.73. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.77 and a beta of 0.64. The firm’s fifty day moving average is $109.15 and its two-hundred day moving average is $106.15.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a return on equity of 11.63% and a net margin of 10.36%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. Research analysts expect that DTE Energy will post 6.69 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 annualized dividend and a yield of 3.73%. DTE Energy’s dividend payout ratio is presently 66.78%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DTE shares. Scotiabank dropped their price objective on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets increased their price target on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Guggenheim downgraded shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective for the company. in a research note on Monday, January 22nd. Finally, Barclays raised their price objective on shares of DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.10.

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.