Brooklyn FI LLC Takes Position in DTE Energy (NYSE:DTE)

Brooklyn FI LLC bought a new stake in DTE Energy (NYSE:DTE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,280 shares of the utilities provider's stock, valued at approximately $1,145,000.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the third quarter valued at $30,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy in the 3rd quarter valued at about $35,000. Versant Capital Management Inc boosted its position in shares of DTE Energy by 890.0% in 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 during the period. Robbins Farley acquired a new stake in shares of DTE Energy in the 4th quarter valued at about $57,000. Finally, Kestra Investment Management LLC purchased a new position in DTE Energy during the 4th quarter worth approximately $57,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,877 shares of company stock valued at $1,559,205. Corporate insiders own 0.61% of the company's stock.

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DTE Energy Price Performance

Shares of DTE Energy stock traded down $1.08 during trading on Monday, reaching $136.03. The company's stock had a trading volume of 1,125,024 shares, compared to its average volume of 1,092,203. The business has a 50 day moving average price of $127.38 and a 200-day moving average price of $124.86. DTE Energy has a 12-month low of $103.06 and a 12-month high of $138.22. The company has a market capitalization of $28.23 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS 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, sell-side analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.21%. DTE Energy's payout ratio is currently 64.40%.

Wall Street Analysts Forecast Growth

DTE has been the subject of several research analyst reports. Morgan Stanley increased their price objective on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday. Scotiabank raised 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. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Guggenheim upped their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus price target 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.