Two Sigma Investments LP Lowers Position in DTE Energy (NYSE:DTE)

Two Sigma Investments LP cut its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 48.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,530 shares of the utilities provider's stock after selling 67,713 shares during the period. Two Sigma Investments LP's holdings in DTE Energy were worth $8,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SkyOak Wealth LLC increased its position in DTE Energy by 4.1% during the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider's stock valued at $262,000 after purchasing an additional 85 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of DTE Energy by 8.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after buying an additional 90 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of DTE Energy by 4.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock valued at $258,000 after buying an additional 92 shares during the period. Bleakley Financial Group LLC raised its stake in DTE Energy by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock worth $525,000 after buying an additional 96 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in DTE Energy by 1.4% in the fourth quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider's stock worth $899,000 after buying an additional 103 shares during the period. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Up 0.7%

Shares of NYSE DTE traded up $0.94 during midday trading on Thursday, hitting $135.92. The stock had a trading volume of 476,125 shares, compared to its average volume of 1,402,115. The business's 50 day moving average is $134.76 and its 200-day moving average is $128.10. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The company has a market cap of $28.21 billion, a P/E ratio of 20.08, a PEG 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 earnings per share 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 analyst estimates of $3.33 billion. During the same period in the previous year, the business earned $1.67 EPS. As a group, analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm 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 $1.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.21%. DTE Energy's payout ratio is 58.92%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Evercore ISI upped their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Guggenheim upped their price target on 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 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 report on Thursday, February 20th. Citigroup restated a "buy" rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Finally, Morgan Stanley reduced their target price 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.