Sage Mountain Advisors LLC Has $310,000 Stock Position in DTE Energy (NYSE:DTE)

Sage Mountain Advisors LLC boosted its position in DTE Energy (NYSE:DTE) by 42.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,570 shares of the utilities provider’s stock after acquiring an additional 768 shares during the period. Sage Mountain Advisors LLC’s holdings in DTE Energy were worth $310,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Morton Community Bank lifted its stake in DTE Energy by 1.5% in the 4th quarter. Morton Community Bank now owns 28,436 shares of the utilities provider’s stock valued at $3,434,000 after purchasing an additional 415 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in DTE Energy by 39.8% in the 4th quarter. Tortoise Investment Management LLC now owns 1,026 shares of the utilities provider’s stock valued at $124,000 after acquiring an additional 292 shares during the period. Independent Advisor Alliance raised its holdings in DTE Energy by 6.5% in the 4th quarter. Independent Advisor Alliance now owns 8,934 shares of the utilities provider’s stock valued at $1,079,000 after acquiring an additional 542 shares during the period. Paragon Private Wealth Management LLC raised its holdings in DTE Energy by 12.6% in the 4th quarter. Paragon Private Wealth Management LLC now owns 3,213 shares of the utilities provider’s stock valued at $388,000 after acquiring an additional 360 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in DTE Energy by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 31,119 shares of the utilities provider’s stock valued at $3,758,000 after acquiring an additional 1,870 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 trade represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. This represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock worth $1,559,205 over the last quarter. Corporate insiders own 0.28% of the company’s stock.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $131.19 on Thursday. The company’s 50 day simple moving average is $125.27 and its 200 day simple moving average is $124.34. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 19.38, 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 1 year low of $103.06 and a 1 year high of $136.28.

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, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.32%. DTE Energy’s dividend payout ratio is currently 64.40%.

Analyst Ratings Changes

Several research analysts have weighed in on DTE shares. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. BMO Capital Markets raised their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Barclays cut 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 report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $135.67.

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.