Paragon Private Wealth Management LLC Sells 139 Shares of DTE Energy (NYSE:DTE)

Paragon Private Wealth Management LLC cut its position in DTE Energy (NYSE:DTE) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,320 shares of the utilities provider’s stock after selling 139 shares during the period. Paragon Private Wealth Management LLC’s holdings in DTE Energy were worth $256,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in DTE Energy by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock valued at $509,081,000 after buying an additional 724,561 shares during the last quarter. Boston Partners increased its holdings in DTE Energy by 66.8% during the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock valued at $280,247,000 after buying an additional 1,018,212 shares during the last quarter. Invesco Ltd. increased its holdings in DTE Energy by 6.6% during the third quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider’s stock valued at $221,314,000 after buying an additional 137,960 shares during the last quarter. Northern Trust Corp increased its holdings in DTE Energy by 1.5% during the third quarter. Northern Trust Corp now owns 1,923,222 shares of the utilities provider’s stock valued at $190,937,000 after buying an additional 27,891 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in DTE Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,682,067 shares of the utilities provider’s stock valued at $185,465,000 after buying an additional 40,208 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 2,775 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total transaction of $300,893.25. Following the completion of the transaction, the vice president now owns 5,469 shares in the company, valued at $593,003.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Lisa A. Muschong sold 2,775 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total value of $300,893.25. Following the sale, the vice president now owns 5,469 shares of the company’s stock, valued at $593,003.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 600 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares in the company, valued at approximately $370,572.48. The disclosure for this sale can be found here. Insiders sold 24,245 shares of company stock worth $2,702,701 over the last 90 days. 0.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DTE. KeyCorp upped their target price on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday. TheStreet upgraded shares of DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. upped their price target on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Guggenheim lowered shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target for the company. in a research report on Monday, January 22nd. Finally, Morgan Stanley upped their price target on shares of DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.30.

DTE Energy Price Performance

Shares of NYSE:DTE traded down $0.48 during midday trading on Monday, reaching $116.12. 173,059 shares of the company were exchanged, compared to its average volume of 1,144,976. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The business’s fifty day moving average is $110.63 and its two-hundred day moving average is $108.04. DTE Energy has a one year low of $90.14 and a one year high of $117.30. The stock has a market cap of $24.03 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.90 and a beta of 0.64.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.81 billion. As a group, analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.08 annualized dividend and a yield of 3.51%. DTE Energy’s dividend payout ratio (DPR) is currently 66.78%.

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.