DTE Energy (NYSE:DTE) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in DTE Energy (NYSE:DTE - Free Report) by 1,794.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 920,569 shares of the utilities provider's stock after acquiring an additional 871,978 shares during the period. Balyasny Asset Management L.P. owned 0.44% of DTE Energy worth $111,159,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Beck Bode LLC raised its position in DTE Energy by 8.9% during the 4th quarter. Beck Bode LLC now owns 134,057 shares of the utilities provider's stock valued at $16,187,000 after purchasing an additional 10,970 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of DTE Energy by 60.8% during the fourth quarter. BNP Paribas Financial Markets now owns 382,778 shares of the utilities provider's stock valued at $46,220,000 after acquiring an additional 144,780 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in DTE Energy by 10.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,923 shares of the utilities provider's stock worth $355,000 after acquiring an additional 266 shares during the period. Gallagher Fiduciary Advisors LLC boosted its holdings in DTE Energy by 19.0% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,330 shares of the utilities provider's stock valued at $402,000 after acquiring an additional 532 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its position in DTE Energy by 38.9% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 5,467 shares of the utilities provider's stock valued at $660,000 after purchasing an additional 1,530 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

Insider Activity at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. BMO Capital Markets increased their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Guggenheim boosted their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. Finally, Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.31.

DTE Energy Stock Performance

Shares of NYSE DTE traded up $0.44 during trading on Friday, reaching $136.15. 474,786 shares of the company traded hands, compared to its average volume of 1,395,964. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The firm has a 50 day simple moving average of $134.14 and a 200-day simple moving average of $126.96. DTE Energy has a 52-week low of $108.40 and a 52-week high of $140.39. The stock has a market capitalization of $28.25 billion, a PE ratio of 20.11, a P/E/G ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same quarter in the previous year, the firm posted $1.67 EPS. Equities research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. DTE Energy's payout ratio is 58.92%.

DTE Energy Company 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.