Capital International Sarl Purchases New Position in DTE Energy (NYSE:DTE)

Capital International Sarl acquired a new stake in shares of DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,138 shares of the utilities provider's stock, valued at approximately $500,000.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its position 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 in the last quarter. Robbins Farley bought a new stake in DTE Energy in the 4th quarter worth approximately $57,000. Kestra Investment Management LLC purchased a new stake in DTE Energy in the fourth quarter worth approximately $57,000. 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 acquiring an additional 313 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of DTE Energy during the fourth quarter worth approximately $87,000. 76.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 over the last quarter. Corporate insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Guggenheim increased their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. BMO Capital Markets raised their price objective on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Morgan Stanley lifted their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Finally, StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $139.17.

DTE Energy Trading Up 0.5 %

DTE stock traded up $0.67 during trading on Wednesday, reaching $136.47. The company had a trading volume of 2,383,759 shares, compared to its average volume of 1,197,386. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The business has a 50 day moving average of $132.97 and a 200 day moving average of $126.11. The company has a market cap of $28.32 billion, a P/E ratio of 20.16, a PEG ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last announced its 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%. As a group, sell-side analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a dividend of $1.09 per share. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.19%. DTE Energy's dividend payout ratio (DPR) is currently 64.40%.

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.