Callan Family Office LLC Invests $233,000 in DTE Energy (NYSE:DTE)

Callan Family Office LLC purchased a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,930 shares of the utilities provider's stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Inceptionr LLC bought a new stake in DTE Energy in the fourth quarter valued at approximately $1,890,000. Raymond James Financial Inc. bought a new stake in DTE Energy in the fourth quarter valued at approximately $43,063,000. Dana Investment Advisors Inc. boosted its holdings in DTE Energy by 1.8% in the fourth quarter. Dana Investment Advisors Inc. now owns 8,371 shares of the utilities provider's stock valued at $1,011,000 after acquiring an additional 147 shares during the last quarter. Arizona State Retirement System boosted its holdings in DTE Energy by 1.4% in the fourth quarter. Arizona State Retirement System now owns 60,129 shares of the utilities provider's stock valued at $7,261,000 after acquiring an additional 841 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in DTE Energy in the fourth quarter valued at approximately $11,414,000. 76.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DTE. Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank boosted their price target on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. UBS Group raised DTE Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, Barclays lowered 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. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $135.67.

Remove Ads

DTE Energy Price Performance

Shares of NYSE:DTE opened at $132.03 on Wednesday. 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 has a twelve month low of $103.06 and a twelve month high of $136.28. The stock's 50 day moving average is $125.06 and its 200-day moving average is $124.29. The firm has a market capitalization of $27.36 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.41 and a beta of 0.59.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) 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 forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued 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 3.30%. DTE Energy's dividend payout ratio (DPR) is currently 64.40%.

Insider Buying and Selling

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. This represents a 33.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief operating officer now owns 6,951 shares of the company's stock, 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 90 days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.28% of the stock is owned by corporate insiders.

DTE Energy Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.