Sherbrooke Park Advisers LLC Has $720,000 Position in DTE Energy (NYSE:DTE)

Sherbrooke Park Advisers LLC lessened its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,960 shares of the utilities provider's stock after selling 2,362 shares during the period. Sherbrooke Park Advisers LLC's holdings in DTE Energy were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after acquiring an additional 3,766,221 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after purchasing an additional 879,670 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of DTE Energy by 1,794.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after purchasing an additional 871,978 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of DTE Energy by 750.0% during the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after buying an additional 851,169 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after buying an additional 822,854 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

Insider Transactions at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the company'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 $1,862,470.80. This represents a 33.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.33% of the company's stock.

DTE Energy Trading Down 1.6%

Shares of DTE Energy stock traded down $2.24 during midday trading on Wednesday, reaching $136.15. The company had a trading volume of 1,459,341 shares, compared to its average volume of 1,238,537. The stock has a fifty day moving average price of $134.78 and a 200 day moving average price of $127.50. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The firm has a market cap of $28.25 billion, a PE ratio of 20.11, a P/E/G ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) 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 firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company earned $1.67 EPS. On average, equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 3.20%. DTE Energy's payout ratio is currently 58.92%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DTE shares. Morgan Stanley lifted their target price on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. StockNews.com downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. BMO Capital Markets boosted their target price on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company upped their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.