Alliancebernstein L.P. Buys 17,953 Shares of DTE Energy (NYSE:DTE)

Alliancebernstein L.P. boosted its stake in DTE Energy (NYSE:DTE - Free Report) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 301,805 shares of the utilities provider's stock after buying an additional 17,953 shares during the period. Alliancebernstein L.P. owned 0.15% of DTE Energy worth $36,443,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in shares of DTE Energy by 17.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 48,734 shares of the utilities provider's stock valued at $5,885,000 after purchasing an additional 7,341 shares during the period. ClearBridge Investments Ltd raised its position in DTE Energy by 10.1% in the fourth quarter. ClearBridge Investments Ltd now owns 598,401 shares of the utilities provider's stock worth $72,257,000 after acquiring an additional 55,071 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in DTE Energy by 517.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 58,400 shares of the utilities provider's stock valued at $7,067,000 after acquiring an additional 48,936 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of DTE Energy by 42.3% in the 4th quarter. Schroder Investment Management Group now owns 34,928 shares of the utilities provider's stock worth $4,211,000 after purchasing an additional 10,384 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of DTE Energy by 0.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 101,451 shares of the utilities provider's stock worth $12,250,000 after purchasing an additional 655 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

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DTE Energy Stock Down 1.8 %

Shares of NYSE DTE traded down $2.32 during mid-day trading on Thursday, reaching $128.19. 545,257 shares of the company traded hands, compared to its average volume of 1,332,734. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $140.39. The stock has a market cap of $26.60 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. 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's fifty day moving average is $131.35 and its two-hundred day moving average is $125.79.

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

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's payout ratio is presently 64.40%.

Insider Activity

In other news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the firm'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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DTE. Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Scotiabank raised their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Finally, Guggenheim upped their price target 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.