New York Life Investment Management LLC Buys 217 Shares of DTE Energy (NYSE:DTE)

New York Life Investment Management LLC lifted its stake in shares of DTE Energy (NYSE:DTE) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,571 shares of the utilities provider’s stock after acquiring an additional 217 shares during the quarter. New York Life Investment Management LLC’s holdings in DTE Energy were worth $3,329,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after acquiring an additional 662,569 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after acquiring an additional 7,023,042 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of DTE Energy by 2.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock worth $349,309,000 after acquiring an additional 64,880 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of DTE Energy by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock worth $163,702,000 after acquiring an additional 14,937 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of DTE Energy by 3.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider’s stock worth $116,512,000 after purchasing an additional 30,909 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Morgan Stanley cut their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets boosted their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.67.

Insider Transactions at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on 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 $900,571.56. This represents a 35.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the 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 approximately $446,535.04. This trade 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 sold 11,877 shares of company stock valued at $1,559,205. Corporate insiders own 0.61% of the company’s stock.

DTE Energy Trading Up 1.5 %

Shares of DTE opened at $133.76 on Friday. DTE Energy has a 1 year low of $103.06 and a 1 year high of $134.11. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The stock has a 50 day simple moving average of $123.47 and a 200-day simple moving average of $123.82. The stock has a market cap of $27.72 billion, a PE ratio of 19.76, a PEG ratio of 2.41 and a beta of 0.68.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. On average, sell-side analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.26%. DTE Energy’s payout ratio is presently 64.40%.

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.