Charles Schwab Investment Management Inc. Boosts Holdings in DTE Energy (NYSE:DTE)

Charles Schwab Investment Management Inc. raised its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,306,664 shares of the utilities provider's stock after buying an additional 31,827 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.63% of DTE Energy worth $157,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in DTE Energy during the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy in the third quarter worth $35,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy in the third quarter worth $35,000. Versant Capital Management Inc boosted its stake 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 buying an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new position in DTE Energy during the third quarter worth about $39,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 0.0 %

NYSE:DTE traded up $0.02 during midday trading on Tuesday, reaching $132.03. 1,498,999 shares of the stock traded hands, compared to its average volume of 1,085,704. The stock has a market capitalization of $27.36 billion, a P/E ratio of 19.50, a PEG ratio of 2.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a fifty day moving average of $124.83 and a 200 day moving average of $124.23. DTE Energy has a 12 month low of $103.06 and a 12 month high of $136.28.

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DTE Energy (NYSE:DTE - Get Free Report) last posted 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%. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a $1.09 dividend. 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 presently 64.40%.

Wall Street Analysts Forecast Growth

DTE has been the subject of several recent analyst reports. Scotiabank boosted their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. KeyCorp lowered shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price target on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Finally, Guggenheim raised DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.67.

Insider Transactions at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.61% of the company's stock.

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.