CIBC Private Wealth Group LLC Purchases 48,936 Shares of DTE Energy (NYSE:DTE)

CIBC Private Wealth Group LLC increased its holdings in DTE Energy (NYSE:DTE - Free Report) by 517.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 58,400 shares of the utilities provider's stock after buying an additional 48,936 shares during the period. CIBC Private Wealth Group LLC's holdings in DTE Energy were worth $7,067,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DTE. Allworth Financial LP increased its stake in DTE Energy by 16.0% during the 4th 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 period. Jones Financial Companies Lllp boosted its holdings in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after buying an additional 2,642 shares in the last quarter. Nordea Investment Management AB grew its position in DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock worth $26,706,000 after buying an additional 211,763 shares during the last quarter. Patton Albertson Miller Group LLC increased its holdings in shares of DTE Energy by 7.6% in 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 buying an additional 3,306 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of DTE Energy by 4.4% during the 4th quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock valued at $1,139,000 after acquiring an additional 395 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

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DTE Energy Price Performance

DTE stock traded down $7.65 during trading on Friday, hitting $131.85. 1,732,004 shares of the stock traded hands, compared to its average volume of 1,169,727. The stock has a market cap of $27.36 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 2.41 and a beta of 0.49. DTE Energy has a one year low of $103.06 and a one year high of $140.39. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The company has a 50 day simple moving average of $130.43 and a 200 day simple moving average of $125.66.

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

DTE Energy Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Insider Activity

In other DTE Energy news, 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 ownership of the stock. The sale 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 company's stock in a transaction on Monday, February 24th. The shares were 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 $1,862,470.80. The trade was a 33.42 % 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 90 days. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DTE shares. Scotiabank boosted their target price on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. BMO Capital Markets upped their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Barclays lowered 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 research report on Thursday, February 20th. Finally, Morgan Stanley lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $138.58.

DTE Energy 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.