Capitolis Liquid Global Markets LLC Makes New Investment in DTE Energy (NYSE:DTE)

Capitolis Liquid Global Markets LLC bought a new position in DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 117,000 shares of the utilities provider's stock, valued at approximately $14,128,000. Capitolis Liquid Global Markets LLC owned 0.06% of DTE Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTE. Versant Capital Management Inc grew its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after buying an additional 267 shares during the last quarter. Robbins Farley acquired a new position in DTE Energy during the 4th quarter valued at $57,000. Kestra Investment Management LLC acquired a new stake in DTE Energy during the fourth quarter worth about $57,000. AdvisorNet Financial Inc raised its stake in shares of DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after purchasing an additional 313 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in shares of DTE Energy during the 4th quarter worth about $87,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Buying and Selling

In other news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction 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 transaction, the chief accounting officer now owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.33% of the company's stock.

DTE Energy Stock Up 0.3 %

Shares of DTE Energy stock opened at $136.82 on Tuesday. 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 has a 52-week low of $108.40 and a 52-week high of $140.39. The firm has a market cap of $28.39 billion, a PE ratio of 20.21, a P/E/G ratio of 2.41 and a beta of 0.47. The business's 50 day simple moving average is $133.92 and its 200 day simple moving average is $126.74.

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

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.19%. DTE Energy's dividend payout ratio is presently 58.92%.

Analysts Set New Price Targets

DTE has been the topic of several research analyst reports. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Morgan Stanley lifted their price target on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Evercore ISI increased their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday. Wells Fargo & Company boosted their target price on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and an average target price of $140.31.

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.

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