BTG Pactual Asset Management US LLC Takes $2.72 Million Position in DTE Energy (NYSE:DTE)

BTG Pactual Asset Management US LLC acquired a new stake in DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,558 shares of the utilities provider's stock, valued at approximately $2,724,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of DTE Energy by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after buying an additional 879,670 shares in the last quarter. Geode Capital Management LLC increased its holdings in DTE Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after purchasing an additional 115,270 shares in the last quarter. Boston Partners raised its position in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares during the last quarter. Invesco Ltd. boosted 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 purchasing an additional 822,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of DTE Energy by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,306,664 shares of the utilities provider's stock worth $157,780,000 after purchasing an additional 31,827 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Guggenheim increased their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. BMO Capital Markets boosted their target price on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their price objective on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.58.

DTE Energy Trading Up 1.0 %

Shares of DTE Energy stock traded up $1.31 during trading hours on Friday, hitting $133.33. The company's stock had a trading volume of 1,389,436 shares, compared to its average volume of 1,182,289. DTE Energy has a 12 month low of $105.04 and a 12 month high of $140.39. 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 capitalization of $27.67 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The stock has a 50 day moving average of $132.49 and a 200 day moving average of $126.01.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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%. Analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a $1.09 dividend. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.27%. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Insider Transactions at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

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.