Neo Ivy Capital Management Sells 11,747 Shares of DTE Energy (NYSE:DTE)

Neo Ivy Capital Management lessened its stake in DTE Energy (NYSE:DTE - Free Report) by 79.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,991 shares of the utilities provider's stock after selling 11,747 shares during the quarter. Neo Ivy Capital Management's holdings in DTE Energy were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DTE. Vise Technologies Inc. bought a new position in shares of DTE Energy during the 4th quarter valued at about $213,000. PharVision Advisers LLC purchased a new stake in shares of DTE Energy in the fourth quarter worth about $629,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in DTE Energy by 28.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 777,132 shares of the utilities provider's stock valued at $93,839,000 after buying an additional 171,371 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in DTE Energy by 39.4% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 40,810 shares of the utilities provider's stock valued at $4,928,000 after buying an additional 11,543 shares in the last quarter. Finally, Waverly Advisors LLC bought a new stake in DTE Energy in the 4th quarter worth approximately $3,525,000. Institutional investors own 76.06% of the company's stock.

DTE Energy Trading Down 1.5%

Shares of DTE traded down $2.10 during mid-day trading on Wednesday, reaching $135.02. 1,055,027 shares of the company's stock traded hands, compared to its average volume of 1,246,600. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The stock's 50-day moving average is $134.81 and its two-hundred day moving average is $128.05. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39. The stock has a market cap of $28.02 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS 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 company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $1.67 EPS. Research analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business 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 dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.23%. DTE Energy's payout ratio is 58.92%.

Analysts Set New Price Targets

A number of research firms have recently commented on DTE. Evercore ISI increased their target price on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Guggenheim lifted their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Finally, Citigroup reiterated a "buy" rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and an average target price 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.