Vaughan David Investments LLC IL Purchases 4,792 Shares of DTE Energy (NYSE:DTE)

Vaughan David Investments LLC IL boosted its stake in shares of DTE Energy (NYSE:DTE) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,444 shares of the utilities provider’s stock after acquiring an additional 4,792 shares during the quarter. Vaughan David Investments LLC IL’s holdings in DTE Energy were worth $41,954,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in DTE Energy by 2.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,550 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 143 shares in the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of DTE Energy during the 3rd quarter valued at $200,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in DTE Energy by 47.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,416 shares of the utilities provider’s stock worth $1,709,000 after purchasing an additional 4,340 shares in the last quarter. Forsta AP Fonden lifted its stake in DTE Energy by 8.6% in the third quarter. Forsta AP Fonden now owns 59,300 shares of the utilities provider’s stock valued at $7,615,000 after buying an additional 4,700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in DTE Energy by 2.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,657 shares of the utilities provider’s stock valued at $2,267,000 after buying an additional 394 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at $446,535.04. This trade represents a 22.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

DTE has been the subject of several recent research reports. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company 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. BMO Capital Markets increased their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Finally, KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $135.67.

DTE Energy Stock Up 0.3 %

NYSE:DTE opened at $132.33 on Tuesday. The firm has a market capitalization of $27.42 billion, a P/E ratio of 19.55, a PEG ratio of 2.41 and a beta of 0.68. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The company’s fifty day moving average price is $122.37 and its 200-day moving average price is $123.50. DTE Energy has a 1-year low of $103.06 and a 1-year high of $133.45.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

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.