105,070 Shares in DTE Energy (NYSE:DTE) Acquired by Greenland Capital Management LP

Greenland Capital Management LP acquired a new stake in shares of DTE Energy (NYSE:DTE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 105,070 shares of the utilities provider’s stock, valued at approximately $12,687,000. DTE Energy makes up about 2.0% of Greenland Capital Management LP’s holdings, making the stock its 4th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy during the third quarter worth $30,000. Versant Capital Management Inc lifted its stake in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 267 shares in the last quarter. Robbins Farley purchased a new position in shares of DTE Energy during the fourth quarter valued at about $57,000. Kestra Investment Management LLC purchased a new position in shares of DTE Energy during the fourth quarter valued at about $57,000. Finally, AdvisorNet Financial Inc lifted its position in shares of DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock worth $84,000 after buying an additional 313 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several research analyst reports. Scotiabank raised their price target on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim raised their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. BMO Capital Markets lifted their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley upped their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $138.58.

DTE Energy Stock Down 3.0 %

Shares of NYSE DTE opened at $127.91 on Tuesday. DTE Energy has a 1 year low of $103.06 and a 1 year high of $140.39. The firm has a 50-day simple moving average of $130.56 and a two-hundred day simple moving average of $125.70. The company has a market cap of $26.54 billion, a P/E ratio of 18.89, a PEG ratio of 2.41 and a beta of 0.49. 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) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Monday, March 17th. DTE Energy’s payout ratio is presently 64.40%.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 in the last 90 days. Company insiders own 0.33% of the company’s stock.

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.