Cwm LLC Has $1.24 Million Stake in DTE Energy (NYSE:DTE)

Cwm LLC decreased its position in DTE Energy (NYSE:DTE) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,256 shares of the utilities provider’s stock after selling 763 shares during the period. Cwm LLC’s holdings in DTE Energy were worth $1,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. MV Capital Management Inc. boosted its stake in DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares during the period. Milestone Investment Advisors LLC acquired a new position in DTE Energy in the 3rd quarter worth approximately $36,000. Compagnie Lombard Odier SCmA acquired a new position in DTE Energy in the 3rd quarter worth approximately $37,000. Authentikos Wealth Advisory LLC acquired a new position in DTE Energy in the 3rd quarter worth approximately $43,000. Finally, Horizon Bancorp Inc. IN acquired a new position in DTE Energy in the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 1.5 %

DTE Energy stock opened at $109.52 on Friday. The company has a market capitalization of $22.66 billion, a P/E ratio of 17.92, a P/E/G ratio of 2.77 and a beta of 0.64. The firm’s fifty day simple moving average is $109.15 and its 200-day simple moving average is $106.21. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. DTE Energy has a 1-year low of $90.14 and a 1-year high of $116.73.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The business had revenue of $3.24 billion for 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 11.63%. Sell-side analysts forecast that DTE Energy will post 6.69 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 annualized dividend and a yield of 3.73%. DTE Energy’s dividend payout ratio (DPR) is presently 66.78%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DTE. Scotiabank decreased their price objective on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Morgan Stanley lifted their target price on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. KeyCorp lifted their target price on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Finally, Barclays lifted their target price on shares of DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average price target of $115.10.

Insider Buying and Selling

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

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.