Capitolis Liquid Global Markets LLC Invests $14.13 Million in DTE Energy (NYSE:DTE)

Capitolis Liquid Global Markets LLC purchased a new position in DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 117,000 shares of the utilities provider's stock, valued at approximately $14,128,000. Capitolis Liquid Global Markets LLC owned about 0.06% of DTE Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its position in DTE Energy by 16.0% in the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after acquiring an additional 336 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of DTE Energy by 72.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after purchasing an additional 2,642 shares during the last quarter. Nordea Investment Management AB raised its holdings in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after buying an additional 211,763 shares during the period. Orion Portfolio Solutions LLC lifted its position in DTE Energy by 39.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after buying an additional 1,618 shares during the last quarter. Finally, Patton Albertson Miller Group LLC increased its position in DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock valued at $5,667,000 after acquiring an additional 3,306 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Up 0.2 %

NYSE:DTE traded up $0.27 during mid-day trading on Friday, hitting $135.98. 913,013 shares of the company's stock traded hands, compared to its average volume of 1,214,335. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market capitalization of $28.22 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.41 and a beta of 0.47. The company has a fifty day moving average of $134.22 and a 200 day moving average of $126.99. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released 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. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The company had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period last year, the business earned $1.67 EPS. On average, analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio is currently 58.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DTE shares. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. 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 note on Thursday, March 20th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.31.

Insider Buying and Selling at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the transaction, the chief operating officer now owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,877 shares of company stock worth $1,559,205. Insiders own 0.33% of the company's stock.

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.