Mariner LLC Purchases 6,896 Shares of DTE Energy (NYSE:DTE)

Mariner LLC lifted its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,256 shares of the utilities provider's stock after purchasing an additional 6,896 shares during the period. Mariner LLC's holdings in DTE Energy were worth $5,827,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of DTE Energy by 16.0% during the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock valued at $293,000 after buying an additional 336 shares during the last quarter. Jones Financial Companies Lllp grew its position in DTE Energy by 72.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after acquiring an additional 2,642 shares during the last quarter. Nordea Investment Management AB increased its stake in DTE Energy by 2,235.2% in the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock worth $26,706,000 after purchasing an additional 211,763 shares during the period. Orion Portfolio Solutions LLC lifted its position in DTE Energy by 39.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock valued at $693,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Patton Albertson Miller Group LLC boosted its stake in shares of DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock valued at $5,667,000 after purchasing an additional 3,306 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Stock Up 0.6 %

Shares of DTE traded up $0.86 on Thursday, reaching $137.02. The stock had a trading volume of 1,432,889 shares, compared to its average volume of 1,200,875. The firm has a market capitalization of $28.43 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The company has a 50-day simple moving average of $133.12 and a 200-day simple moving average of $126.18. DTE Energy has a 12-month low of $108.40 and a 12-month high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE - Get Free Report) last issued 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 net margin of 11.27% and a return on equity of 12.42%. Sell-side 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy's payout ratio is 64.40%.

Insiders Place Their Bets

In related news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, 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 at this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.