Leeward Investments LLC MA Sells 3,382 Shares of DTE Energy (NYSE:DTE)

Leeward Investments LLC MA lowered its position in DTE Energy (NYSE:DTE) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,559 shares of the utilities provider’s stock after selling 3,382 shares during the period. Leeward Investments LLC MA’s holdings in DTE Energy were worth $11,901,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Dahring Cusmano LLC bought a new stake in shares of DTE Energy in the 4th quarter valued at $236,000. Paradigm Asset Management Co. LLC bought a new stake in shares of DTE Energy in the 4th quarter valued at $1,352,000. Ieq Capital LLC increased its position in shares of DTE Energy by 1,044.7% in the 4th quarter. Ieq Capital LLC now owns 37,696 shares of the utilities provider’s stock valued at $4,552,000 after buying an additional 34,403 shares in the last quarter. Private Advisor Group LLC increased its position in shares of DTE Energy by 3.9% in the 4th quarter. Private Advisor Group LLC now owns 15,525 shares of the utilities provider’s stock valued at $1,875,000 after buying an additional 577 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of DTE Energy by 2.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,261 shares of the utilities provider’s stock valued at $756,000 after buying an additional 132 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE DTE opened at $131.98 on Friday. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $132.88. The stock has a market capitalization of $27.35 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.41 and a beta of 0.68. The business has a 50-day moving average of $122.15 and a 200-day moving average of $123.39. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE) last issued its 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 net margin of 11.27% and a return on equity of 12.42%. As a group, sell-side analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.30%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $137.00 to $135.00 in a research report on Thursday. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley lowered their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, BMO Capital Markets increased their target price on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.67.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $900,571.56. This trade represents 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 hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’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 transaction of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at $446,535.04. This trade represents 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 company insiders.

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.