Hexagon Capital Partners LLC Acquires 651 Shares of DTE Energy (NYSE:DTE)

Hexagon Capital Partners LLC lifted its stake in shares of DTE Energy (NYSE:DTE) by 533.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 773 shares of the utilities provider’s stock after purchasing an additional 651 shares during the period. Hexagon Capital Partners LLC’s holdings in DTE Energy were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DTE. MV Capital Management Inc. raised its holdings in shares of DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 143 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of DTE Energy in the 3rd quarter worth about $36,000. Authentikos Wealth Advisory LLC bought a new position in shares of DTE Energy during the third quarter valued at approximately $43,000. Horizon Bancorp Inc. IN purchased a new position in DTE Energy during the third quarter valued at $54,000. Finally, Cullen Frost Bankers Inc. grew its stake in shares of DTE Energy by 17.0% in the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling at DTE Energy

In other news, SVP Joann Chavez sold 6,070 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total transaction of $662,783.30. Following the completion of the transaction, the senior vice president now directly owns 16,667 shares in the company, valued at approximately $1,819,869.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other DTE Energy news, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares in the company, valued at approximately $1,819,869.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Matthew T. Paul sold 5,850 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $743,200.92. The disclosure for this sale can be found here. Insiders have sold 20,095 shares of company stock valued at $2,168,183 in the last 90 days. 0.61% of the stock is currently owned by company insiders.

DTE Energy Stock Up 0.9 %

DTE opened at $111.32 on Thursday. The stock has a market capitalization of $23.04 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.75 and a beta of 0.64. DTE Energy has a 12 month low of $90.14 and a 12 month high of $116.73. The business has a 50 day simple moving average of $109.31 and a 200-day simple moving average of $106.49. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.04). The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. On average, equities analysts anticipate that DTE Energy will post 6.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DTE has been the topic of a number of research reports. Scotiabank dropped their price target on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Wolfe Research cut shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. Morgan Stanley raised their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. KeyCorp upped their price objective on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Finally, Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective on the stock. in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

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.