Banco Santander S.A. Boosts Stock Holdings in DTE Energy (NYSE:DTE)

Banco Santander S.A. raised its position in DTE Energy (NYSE:DTE) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,060 shares of the utilities provider’s stock after buying an additional 1,371 shares during the quarter. Banco Santander S.A.’s holdings in DTE Energy were worth $4,837,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DTE. Legacy Investment Solutions LLC bought a new stake in DTE Energy in the 3rd quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy in the 3rd quarter valued at approximately $35,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy during the third quarter worth $35,000. Versant Capital Management Inc raised its stake in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Activity

In related news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,877 shares of company stock valued at $1,559,205. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DTE. 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 report on Friday, November 22nd. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank increased their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.67.

DTE Energy Stock Up 0.7 %

Shares of NYSE DTE opened at $131.46 on Friday. The stock has a market capitalization of $27.24 billion, a P/E ratio of 19.42, a PEG ratio of 2.41 and a beta of 0.59. DTE Energy has a one year low of $103.06 and a one year high of $136.28. The firm’s 50 day simple moving average is $124.61 and its two-hundred day simple moving average is $124.16. 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 (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, analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.32%. DTE Energy’s dividend payout ratio is currently 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.