DTE Energy (NYSE:DTE) Stock Holdings Lessened by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its stake in shares of DTE Energy (NYSE:DTE) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 53,785 shares of the utilities provider’s stock after selling 8,144 shares during the quarter. Guggenheim Capital LLC’s holdings in DTE Energy were worth $6,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. Versant Capital Management Inc boosted its stake in shares of DTE Energy by 890.0% during the 4th 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 during the period. Robbins Farley acquired a new stake in DTE Energy during the fourth quarter valued at $57,000. Kestra Investment Management LLC purchased a new position in DTE Energy in the fourth quarter valued at about $57,000. AdvisorNet Financial Inc grew its stake in DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 313 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in DTE Energy in the 4th quarter worth about $87,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,877 shares of company stock valued at $1,559,205. Insiders own 0.33% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $133.33 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The business has a 50 day moving average price of $132.49 and a 200 day moving average price of $126.01. The company has a market cap of $27.67 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.41 and a beta of 0.49. DTE Energy has a twelve month low of $105.04 and a twelve month high of $140.39.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy’s dividend payout ratio is currently 64.40%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DTE. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. BMO Capital Markets boosted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Guggenheim increased their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Morgan Stanley lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $138.58.

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.