American Century Companies Inc. Increases Position in DTE Energy (NYSE:DTE)

American Century Companies Inc. grew its stake in DTE Energy (NYSE:DTE - Free Report) by 162.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 135,750 shares of the utilities provider's stock after buying an additional 83,969 shares during the quarter. American Century Companies Inc. owned 0.07% of DTE Energy worth $16,392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in DTE Energy during the third quarter valued at approximately $30,000. Versant Capital Management Inc increased its holdings in shares of 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. Robbins Farley acquired a new position in shares of DTE Energy in the 4th quarter valued at $57,000. Kestra Investment Management LLC purchased a new stake in DTE Energy during the fourth quarter worth $57,000. Finally, AdvisorNet Financial Inc grew its position in DTE Energy by 81.5% during the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after buying an additional 313 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This represents a 22.78 % 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. 0.33% of the stock is owned by company insiders.

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DTE Energy Price Performance

DTE traded down $7.65 on Friday, reaching $131.85. 1,732,004 shares of the company's stock were exchanged, compared to its average volume of 1,169,727. DTE Energy has a twelve month low of $103.06 and a twelve month high of $140.39. The stock has a market cap of $27.36 billion, a PE ratio of 19.47, 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 stock's fifty day moving average price is $130.43 and its 200-day moving average price is $125.66.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping 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%. Sell-side 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. Stockholders of record on Monday, March 17th will be given a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.31%. DTE Energy's payout ratio is 64.40%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DTE. Scotiabank increased their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Morgan Stanley increased their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. BMO Capital Markets boosted their price objective on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Guggenheim upped their target price on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Finally, Barclays cut shares of 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 note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.58.

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.