Brooklyn FI LLC Takes $1.15 Million Position in DTE Energy (NYSE:DTE)

Brooklyn FI LLC bought a new position in DTE Energy (NYSE:DTE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,280 shares of the utilities provider’s stock, valued at approximately $1,145,000.

A number of other large investors have also recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy in the third quarter valued at approximately $30,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc raised its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the period. Robbins Farley acquired a new position in DTE Energy during the 4th quarter worth $57,000. Finally, Kestra Investment Management LLC bought a new stake in DTE Energy during the fourth quarter valued at about $57,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DTE shares. KeyCorp lowered 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 target on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Scotiabank upped their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, Morgan Stanley dropped their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $137.09.

DTE Energy Stock Up 0.7 %

DTE opened at $136.29 on Thursday. The company has a market capitalization of $28.24 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.41 and a beta of 0.59. 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 firm’s fifty day moving average price is $126.71 and its two-hundred day moving average price is $124.70. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $136.76.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share 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%. On average, analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.20%. DTE Energy’s payout ratio is presently 64.40%.

Insider Transactions at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the 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 transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy 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 approximately $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock valued at $1,559,205. Corporate 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.