Fiduciary Family Office LLC Makes New $255,000 Investment in DTE Energy (NYSE:DTE)

Fiduciary Family Office LLC acquired a new stake in DTE Energy (NYSE:DTE) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,278 shares of the utilities provider’s stock, valued at approximately $255,000.

Other institutional investors have also made changes to their positions in the company. PBMares Wealth Management LLC grew its stake in DTE Energy by 4.5% in the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 100 shares in the last quarter. Center for Financial Planning Inc. grew its stake in shares of DTE Energy by 2.2% in the first quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock valued at $558,000 after buying an additional 105 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in DTE Energy by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock worth $4,700,000 after buying an additional 107 shares during the last quarter. Secure Asset Management LLC raised its position in DTE Energy by 1.7% during the fourth quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider’s stock worth $848,000 after acquiring an additional 127 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in DTE Energy by 0.3% in the first quarter. Retirement Systems of Alabama now owns 45,568 shares of the utilities provider’s stock valued at $5,110,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DTE. Morgan Stanley dropped their price target on DTE Energy from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. Scotiabank cut their target price on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. BMO Capital Markets upped their price target on shares of DTE Energy from $120.00 to $123.00 and gave the company a “market perform” rating in a research note on Monday. Barclays raised their price objective on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, KeyCorp lifted their price target on DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $116.78.

DTE Energy Trading Down 1.2 %

Shares of DTE stock traded down $1.35 during mid-day trading on Monday, reaching $113.13. 1,086,738 shares of the stock traded hands, compared to its average volume of 1,107,704. The stock’s fifty day simple moving average is $112.79 and its two-hundred day simple moving average is $109.92. DTE Energy has a 1-year low of $90.14 and a 1-year high of $117.44. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. The company has a market cap of $23.41 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66.

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

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, September 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.61%. DTE Energy’s payout ratio is 66.78%.

Insider Buying and Selling

In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of DTE Energy stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the sale, the insider now owns 59,475 shares in the company, valued at approximately $6,843,788.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the sale, the insider now directly owns 59,475 shares in the company, valued at approximately $6,843,788.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mark W. Stiers sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total value of $1,160,000.00. Following the transaction, the chief operating officer now directly owns 41,921 shares in the company, valued at $4,862,836. The disclosure for this sale can be found here. Insiders sold 14,698 shares of company stock valued at $1,702,444 over the last 90 days. Company insiders own 0.61% of the company’s stock.

DTE Energy 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.