Avantax Advisory Services Inc. Increases Stock Holdings in DTE Energy (NYSE:DTE)

Avantax Advisory Services Inc. increased its stake in DTE Energy (NYSE:DTE - Free Report) by 18.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,904 shares of the utilities provider's stock after buying an additional 2,211 shares during the quarter. Avantax Advisory Services Inc.'s holdings in DTE Energy were worth $1,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth about $30,000. Prospera Private Wealth LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth about $35,000. Versant Capital Management Inc lifted its holdings in DTE Energy by 890.0% during the fourth 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 during the last quarter. Coastline Trust Co purchased a new stake in DTE Energy during the third quarter valued at about $39,000. Finally, Robbins Farley purchased a new stake in DTE Energy during the fourth quarter valued at about $57,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DTE. Barclays downgraded shares of 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. KeyCorp downgraded shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Scotiabank upped their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim upped their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday. Finally, UBS Group raised shares of DTE Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and a consensus price target of $138.58.

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Insider Buying and Selling at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $935,008.80. Following the sale, the senior vice president now directly owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock worth $1,559,205 over the last ninety days. Insiders own 0.61% of the company's stock.

DTE Energy Price Performance

Shares of DTE stock traded up $0.24 during trading on Friday, hitting $137.18. The company had a trading volume of 3,715,977 shares, compared to its average volume of 1,300,337. 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 stock's 50-day moving average is $127.02 and its two-hundred day moving average is $124.79. The stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a 52 week low of $103.06 and a 52 week high of $138.22.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.27% and a return on equity of 12.42%. As a group, analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's payout ratio 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.