Metis Global Partners LLC Sells 836 Shares of DTE Energy (NYSE:DTE)

Metis Global Partners LLC lessened its stake in DTE Energy (NYSE:DTE) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,666 shares of the utilities provider’s stock after selling 836 shares during the period. Metis Global Partners LLC’s holdings in DTE Energy were worth $735,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. boosted its holdings in DTE Energy by 104.4% in the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 143 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in DTE Energy during the 3rd quarter valued at about $36,000. Authentikos Wealth Advisory LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at about $43,000. Cullen Frost Bankers Inc. raised its stake in shares of DTE Energy by 17.0% during the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after buying an additional 102 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in DTE Energy by 533.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock valued at $85,000 after buying an additional 651 shares during the period. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 1.4 %

DTE opened at $116.32 on Friday. The firm’s fifty day simple moving average is $109.87 and its 200 day simple moving average is $107.04. The stock has a market capitalization of $24.07 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.81 and a beta of 0.64. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. DTE Energy has a 12 month low of $90.14 and a 12 month high of $116.73.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. As a group, research analysts anticipate that DTE Energy will post 6.69 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a $1.02 dividend. The ex-dividend date is Monday, June 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.51%. DTE Energy’s dividend payout ratio (DPR) is presently 66.78%.

Insider Buying and Selling

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction of $64,224.00. Following the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 5,850 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,095 shares of company stock worth $2,168,183. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

DTE has been the topic of a number of analyst reports. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. BMO Capital Markets raised their target price on DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price target on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Barclays lifted their price objective on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Wolfe Research downgraded shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

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.