DTE Energy (NYSE:DTE) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,963 shares of the utilities provider’s stock after buying an additional 330 shares during the quarter. Metis Global Partners LLC’s holdings in DTE Energy were worth $841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of DTE Energy by 2.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 81 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in DTE Energy by 53.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,706 shares of the utilities provider’s stock valued at $352,000 after buying an additional 940 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in DTE Energy by 6.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 43,469 shares of the utilities provider’s stock valued at $5,582,000 after buying an additional 2,548 shares during the last quarter. Van ECK Associates Corp purchased a new position in DTE Energy during the third quarter worth $268,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of DTE Energy in the third quarter worth $1,393,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DTE. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $135.67.

Insiders Place Their Bets

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

DTE Energy Trading Down 2.5 %

DTE stock opened at $131.89 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The company has a market cap of $27.33 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.41 and a beta of 0.68. The business has a fifty day simple moving average of $124.00 and a 200-day simple moving average of $124.00. DTE Energy has a 52 week low of $103.06 and a 52 week high of $136.28.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate 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, equities research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.31%. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

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.