Leeward Investments LLC MA Has $11.90 Million Holdings in DTE Energy (NYSE:DTE)

Leeward Investments LLC MA cut its stake in shares of DTE Energy (NYSE:DTE) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 98,559 shares of the utilities provider’s stock after selling 3,382 shares during the quarter. Leeward Investments LLC MA’s holdings in DTE Energy were worth $11,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DTE. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $35,000. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Performance

NYSE DTE opened at $131.98 on Friday. The firm’s fifty day moving average price is $122.15 and its two-hundred day moving average price is $123.39. The stock has a market cap of $27.35 billion, a PE ratio of 19.49, a PEG ratio of 2.41 and a beta of 0.68. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $132.88. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. On average, equities analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.30%. DTE Energy’s dividend payout ratio is 64.40%.

Wall Street Analyst Weigh In

DTE has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a research note on Thursday. Finally, Scotiabank lifted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $135.67.

Insider Buying and Selling

In related news, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

DTE Energy Company 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.