DTE Energy (NYSE:DTE) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 11.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 83,654 shares of the utilities provider’s stock after buying an additional 8,281 shares during the quarter. HighTower Advisors LLC’s holdings in DTE Energy were worth $10,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC acquired a new stake in DTE Energy during the third quarter worth $30,000. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy in the third quarter valued at $35,000. Versant Capital Management Inc grew its stake in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of DTE Energy in the third quarter valued at $39,000. Finally, Robbins Farley acquired a new stake in shares of DTE Energy in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DTE shares. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price objective on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $137.09.

Insider Activity at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the 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 sale, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly owns 6,951 shares of the company’s stock, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 over the last three months. 0.61% of the stock is owned by corporate insiders.

DTE Energy Trading Up 2.0 %

DTE opened at $135.42 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a one year low of $103.06 and a one year high of $136.28. The company has a market cap of $28.07 billion, a P/E ratio of 20.00, a PEG ratio of 2.41 and a beta of 0.59. The business’s 50-day simple moving average is $125.78 and its 200-day simple moving average is $124.47.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results 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 return on equity of 12.42% and a net margin of 11.27%. As a group, equities research analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared 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 yield of 3.22%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 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.