D. E. Shaw & Co. Inc. Has $11.07 Million Stake in DTE Energy (NYSE:DTE)

D. E. Shaw & Co. Inc. increased its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 1,064.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,671 shares of the utilities provider's stock after purchasing an additional 83,799 shares during the period. D. E. Shaw & Co. Inc.'s holdings in DTE Energy were worth $11,069,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DTE. Barclays PLC grew its stake in DTE Energy by 11.9% during the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock valued at $96,961,000 after purchasing an additional 80,543 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of DTE Energy by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,800 shares of the utilities provider's stock valued at $2,286,000 after acquiring an additional 143 shares during the period. Czech National Bank boosted its position in DTE Energy by 6.5% during the fourth quarter. Czech National Bank now owns 44,904 shares of the utilities provider's stock worth $5,422,000 after purchasing an additional 2,732 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after acquiring an additional 313 shares in the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in DTE Energy by 31.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 3,405 shares of the utilities provider's stock worth $419,000 after buying an additional 818 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

Shares of NYSE DTE traded up $0.29 during trading hours on Tuesday, hitting $138.86. 61,446 shares of the company's stock were exchanged, compared to its average volume of 1,232,937. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.41 and a beta of 0.47. The company's 50-day moving average price is $134.67 and its 200-day moving average price is $127.42. 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 - Get Free Report) last released its quarterly earnings data 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. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The business had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the business posted $1.67 earnings per share. On average, sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.14%. DTE Energy's payout ratio is presently 58.92%.

Insider Buying and Selling

In other news, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This trade represents a 22.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was 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 directly owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last 90 days. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

DTE has been the subject of a number of recent research reports. Guggenheim increased their price objective 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. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price target on 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 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 report on Monday, April 21st. Finally, StockNews.com cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and a consensus 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.