Signaturefd LLC Has $386,000 Stock Holdings in DTE Energy (NYSE:DTE)

Signaturefd LLC boosted its position in DTE Energy (NYSE:DTE) by 10.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,200 shares of the utilities provider’s stock after purchasing an additional 311 shares during the quarter. Signaturefd LLC’s holdings in DTE Energy were worth $386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in DTE Energy in the 3rd quarter valued at approximately $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy in the 3rd quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in DTE Energy by 890.0% in the 4th 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 during the last quarter. Robbins Farley acquired a new position in shares of DTE Energy during the 4th quarter worth approximately $57,000. Finally, Kestra Investment Management LLC acquired a new position in shares of DTE Energy during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock 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, February 21st. Finally, Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average target price of $137.82.

DTE Energy Stock Performance

DTE opened at $136.81 on Friday. The business has a fifty day simple moving average of $127.02 and a 200 day simple moving average of $124.79. The company has a market capitalization of $28.35 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a 1 year low of $103.06 and a 1 year high of $137.03. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE) last released its quarterly earnings results 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 return on equity of 12.42% and a net margin of 11.27%. Research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.19%. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

Insider Activity at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction 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 sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $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 worth $1,559,205 in the last ninety days. 0.61% of the stock is owned by company insiders.

About DTE Energy

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.