2,903 Shares in DTE Energy (NYSE:DTE) Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new position in shares of DTE Energy (NYSE:DTE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,903 shares of the utilities provider's stock, valued at approximately $351,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in DTE Energy by 890.0% during 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 in the last quarter. Robbins Farley purchased a new position in DTE Energy in the fourth quarter valued at $57,000. Kestra Investment Management LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at about $57,000. AdvisorNet Financial Inc grew its position in shares of DTE Energy by 81.5% during the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after buying an additional 313 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in DTE Energy in the fourth quarter valued at approximately $87,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. This represents a 22.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction 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 $1,862,470.80. This trade represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,877 shares of company stock worth $1,559,205. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DTE shares. Guggenheim boosted their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Morgan Stanley increased their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Five research 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.com, DTE Energy has a consensus rating of "Moderate Buy" and a consensus target price of $138.58.

DTE Energy Trading Down 0.8 %

Shares of NYSE DTE traded down $1.03 during trading on Monday, hitting $132.52. 131,615 shares of the company traded hands, compared to its average volume of 1,179,099. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $27.50 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.41 and a beta of 0.49. The company has a 50-day moving average price of $132.66 and a 200-day moving average price of $126.01. DTE Energy has a 1 year low of $107.88 and a 1 year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping 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%. On average, equities analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid 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 was Monday, March 17th. DTE Energy's dividend payout ratio is presently 64.40%.

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.