Y Intercept Hong Kong Ltd Acquires Shares of 4,892 DTE Energy (NYSE:DTE)

Y Intercept Hong Kong Ltd acquired a new stake in DTE Energy (NYSE:DTE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,892 shares of the utilities provider’s stock, valued at approximately $591,000.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in DTE Energy in the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy in the 3rd quarter worth $35,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy during the 3rd quarter worth $35,000. Versant Capital Management Inc raised its stake in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new stake in DTE Energy during the 3rd quarter worth $39,000. 76.06% of the stock is currently owned by institutional investors.

Insider Transactions at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value 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. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. 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 quarter. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of several recent research reports. BMO Capital Markets lifted their price target on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley lowered their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.67.

DTE Energy Trading Up 1.5 %

DTE Energy stock opened at $133.76 on Friday. DTE Energy has a 52 week low of $103.06 and a 52 week high of $134.11. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock has a market capitalization of $27.72 billion, a P/E ratio of 19.76, a PEG ratio of 2.41 and a beta of 0.68. The stock has a 50-day simple moving average of $123.47 and a 200 day simple moving average of $123.82.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping 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 expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is presently 64.40%.

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.