DTE Energy (NYSE:DTE) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC reduced its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,599 shares of the utilities provider's stock after selling 9,056 shares during the period. Nebula Research & Development LLC's holdings in DTE Energy were worth $2,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DTE. Barclays PLC increased its holdings in DTE Energy by 11.9% during the third quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock valued at $96,961,000 after buying an additional 80,543 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of DTE Energy in the third quarter worth approximately $269,000. Arvest Bank Trust Division bought a new position in shares of DTE Energy in the third quarter worth approximately $10,338,000. Wilmington Savings Fund Society FSB bought a new position in shares of DTE Energy in the third quarter worth approximately $155,000. Finally, Tidal Investments LLC boosted its position in shares of DTE Energy by 4.0% in the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock worth $320,000 after purchasing an additional 96 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Down 0.6 %

NYSE DTE traded down $0.85 during trading hours on Wednesday, hitting $135.91. 289,733 shares of the company were exchanged, compared to its average volume of 1,387,539. The stock has a 50-day moving average price of $133.60 and a 200 day moving average price of $126.51. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The stock has a market cap of $28.20 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were issued a dividend of $1.09 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. DTE Energy's dividend payout ratio is currently 64.40%.

Insiders Place Their Bets

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock worth $1,559,205 over the last 90 days. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DTE. BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Morgan Stanley upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Finally, Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.17.

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.