Teza Capital Management LLC Sells 23,383 Shares of DTE Energy (NYSE:DTE)

Teza Capital Management LLC decreased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 52.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,612 shares of the utilities provider's stock after selling 23,383 shares during the quarter. Teza Capital Management LLC's holdings in DTE Energy were worth $2,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robbins Farley bought a new position in shares of DTE Energy during the 4th quarter worth $57,000. Kestra Investment Management LLC bought a new position in DTE Energy in the 4th quarter worth about $57,000. Colonial Trust Co SC boosted its stake in DTE Energy by 1,266.7% in the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock worth $79,000 after purchasing an additional 608 shares during the period. AdvisorNet Financial Inc boosted its stake 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 purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in DTE Energy in the 4th quarter worth about $87,000. Institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $138.19 on Friday. 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 business's 50 day simple moving average is $134.53 and its two-hundred day simple moving average is $127.28. The stock has a market capitalization of $28.68 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. 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 quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same period in the previous year, the firm earned $1.67 EPS. Analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.16%. DTE Energy's dividend payout ratio (DPR) is currently 58.92%.

Insiders Place Their Bets

In other news, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. The trade was a 35.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 in the last ninety days. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Wells Fargo & Company raised their target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Morgan Stanley lifted their price target on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Finally, Evercore ISI lifted their price target on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, DTE Energy currently 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.

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