LPL Financial LLC Boosts Holdings in DTE Energy (NYSE:DTE)

LPL Financial LLC lifted its stake in DTE Energy (NYSE:DTE - Free Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,734 shares of the utilities provider's stock after acquiring an additional 11,760 shares during the period. LPL Financial LLC owned approximately 0.09% of DTE Energy worth $22,910,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DTE. SkyOak Wealth LLC boosted its stake in DTE Energy by 4.1% in the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider's stock worth $262,000 after purchasing an additional 85 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of DTE Energy by 8.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after acquiring an additional 90 shares during the period. Stratos Wealth Partners LTD. grew its stake in DTE Energy by 4.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock valued at $258,000 after acquiring an additional 92 shares in the last quarter. Tidal Investments LLC grew its stake in DTE Energy by 4.0% during the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock valued at $320,000 after acquiring an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in DTE Energy by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock worth $525,000 after acquiring an additional 96 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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DTE Energy Trading Down 5.5 %

Shares of DTE stock traded down $7.65 on Friday, hitting $131.85. 1,732,004 shares of the company's stock traded hands, compared to its average volume of 1,169,473. 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 stock has a market capitalization of $27.36 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 2.41 and a beta of 0.59. The company's fifty day simple moving average is $130.43 and its 200 day simple moving average is $125.66. DTE Energy has a one year low of $103.06 and a one year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Insider Transactions at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction dated 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 owns 6,951 shares in the company, valued at approximately $900,571.56. The trade was a 35.35 % 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, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated 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 owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,877 shares of company stock worth $1,559,205. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of recent analyst reports. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Guggenheim lifted their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets upped their price objective on shares of 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, StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.58.

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.