DTE Energy (NYSE:DTE) Shares Bought by Copperwynd Financial LLC

Copperwynd Financial LLC raised its position in DTE Energy (NYSE:DTE) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,212 shares of the utilities provider’s stock after purchasing an additional 166 shares during the period. Copperwynd Financial LLC’s holdings in DTE Energy were worth $750,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy during the third quarter valued at $30,000. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy during the third quarter valued at $35,000. Versant Capital Management Inc boosted its stake in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of DTE Energy during the third quarter valued at $39,000. Finally, Robbins Farley acquired a new stake in shares of DTE Energy during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE Energy stock opened at $135.42 on Friday. The stock’s 50-day moving average is $125.78 and its 200-day moving average is $124.47. The company has a market cap of $28.07 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. 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 has a 12 month low of $103.06 and a 12 month high of $136.28.

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

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.22%. DTE Energy’s payout ratio is currently 64.40%.

Insider Activity at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. This trade represents a 35.35 % 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 DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 in the company, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,877 shares of company stock worth $1,559,205. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Morgan Stanley decreased their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock 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 note on Thursday, January 23rd. Finally, Scotiabank raised their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $137.09.

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.