356,626 Shares in DTE Energy (NYSE:DTE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 356,626 shares of the utilities provider's stock, valued at approximately $43,063,000. Raymond James Financial Inc. owned approximately 0.17% of DTE Energy as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy in the third quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy in the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy during the 3rd quarter worth $35,000. Versant Capital Management Inc grew 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 valued at $36,000 after purchasing an additional 267 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy in the third quarter worth $39,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DTE shares. Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. KeyCorp lowered shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Scotiabank lifted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets increased their target price on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.67.

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Insider Activity

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.28% of the company's stock.

DTE Energy Stock Up 1.1 %

NYSE DTE traded up $1.38 during trading on Thursday, hitting $132.74. The stock had a trading volume of 1,214,056 shares, compared to its average volume of 1,085,897. The company has a market capitalization of $27.51 billion, a PE ratio of 19.61, a P/E/G ratio of 2.41 and a beta of 0.59. The company's 50-day moving average price is $125.27 and its two-hundred day moving average price is $124.34. 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 12 month low of $103.06 and a 12 month high of $136.28.

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 net margin of 11.27% and a return on equity of 12.42%. As a group, sell-side analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed 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 dividend yield of 3.28%. DTE Energy's dividend payout ratio 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.