Leeward Investments LLC MA Has $13.10 Million Stake in DTE Energy Company (NYSE:DTE)

Leeward Investments LLC MA lowered its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,770 shares of the utilities provider's stock after selling 3,789 shares during the quarter. Leeward Investments LLC MA's holdings in DTE Energy were worth $13,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DTE. Oppenheimer & Co. Inc. acquired a new stake in DTE Energy in the fourth quarter valued at approximately $217,000. US Bancorp DE lifted its stake in DTE Energy by 2.9% during the fourth quarter. US Bancorp DE now owns 23,550 shares of the utilities provider's stock worth $2,844,000 after purchasing an additional 660 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in DTE Energy by 941.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,219 shares of the utilities provider's stock worth $147,000 after purchasing an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after purchasing an additional 2,642 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in DTE Energy by 151.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,033 shares of the utilities provider's stock valued at $487,000 after buying an additional 2,426 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Down 0.6%

Shares of DTE Energy stock traded down $0.83 during trading on Monday, hitting $131.11. 1,292,676 shares of the stock traded hands, compared to its average volume of 1,292,046. The stock has a market cap of $27.21 billion, a P/E ratio of 17.72, a PEG ratio of 2.40 and a beta of 0.44. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. DTE Energy Company has a twelve month low of $108.40 and a twelve month high of $140.39. The company has a fifty day moving average price of $134.60 and a two-hundred day moving average price of $130.32.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same period in the previous year, the company earned $1.67 EPS. Equities research analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio is currently 58.92%.

Analyst Upgrades and Downgrades

Several research firms have commented on DTE. Citigroup reissued a "buy" rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Guggenheim lifted their target price on 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 target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Evercore ISI lifted 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. Finally, BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Profile

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.