DTE Energy (NYSE:DTE) Short Interest Up 31.1% in May

DTE Energy (NYSE:DTE - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 5,310,000 shares, a growth of 31.1% from the April 30th total of 4,050,000 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is currently 3.5 days.

DTE Energy Price Performance

NYSE:DTE traded up $1.15 during midday trading on Friday, hitting $133.85. 1,419,916 shares of the stock were exchanged, compared to its average volume of 1,257,457. The business has a 50-day moving average price of $134.57 and a two-hundred day moving average price of $128.82. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $27.78 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.41 and a beta of 0.45. DTE Energy has a one year low of $108.40 and a one year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the business posted $1.67 earnings per share. Sell-side analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's payout ratio is 58.92%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after acquiring an additional 879,670 shares in the last quarter. Capital World Investors lifted its holdings in shares of DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after purchasing an additional 115,270 shares during the period. Boston Partners increased its stake in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in DTE Energy by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock worth $329,988,000 after purchasing an additional 12,554 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DTE shares. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Morgan Stanley reduced their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Guggenheim boosted their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Finally, Citigroup reissued a "buy" rating and issued a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.93.

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.