Straightline Group LLC Takes Position in DTE Energy (NYSE:DTE)

Straightline Group LLC purchased a new stake in shares of DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,238 shares of the utilities provider's stock, valued at approximately $391,000. DTE Energy comprises 0.3% of Straightline Group LLC's portfolio, making the stock its 25th largest position.

Several other large investors have also recently made changes to their positions in DTE. Vanguard Group Inc. raised its position in DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. Invesco Ltd. raised its stake in DTE Energy by 50.2% in the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after buying an additional 822,854 shares in the last quarter. Boston Partners lifted its holdings in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after buying an additional 582,643 shares during the period. Raymond James Financial Inc. bought a new stake in DTE Energy during the 4th quarter valued at approximately $43,063,000. Finally, Nordea Investment Management AB grew its holdings in shares of DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock worth $26,706,000 after acquiring an additional 211,763 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction that occurred 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 owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following 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 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 90 days. Company insiders own 0.33% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DTE shares. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. BMO Capital Markets increased their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their price target 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. Guggenheim upped their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, StockNews.com upgraded shares of 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and an average price target of $138.58.

DTE Energy Stock Performance

NYSE DTE traded up $0.84 during trading hours on Friday, hitting $129.59. The company's stock had a trading volume of 2,031,550 shares, compared to its average volume of 1,184,828. The company's 50 day simple moving average is $131.68 and its two-hundred day simple moving average is $125.84. 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 has a market cap of $26.89 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a 12 month low of $103.06 and a 12 month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.36%. 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.