DTE Energy (NYSE:DTE) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in DTE Energy (NYSE:DTE - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,654 shares of the utilities provider's stock after acquiring an additional 8,281 shares during the period. HighTower Advisors LLC's holdings in DTE Energy were worth $10,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. Allworth Financial LP raised its holdings in shares of DTE Energy by 16.0% in the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after purchasing an additional 336 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in DTE Energy by 72.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after purchasing an additional 2,642 shares during the last quarter. Nordea Investment Management AB increased its position 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 buying an additional 211,763 shares during the period. Patton Albertson Miller Group LLC increased its position 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. Finally, Hancock Whitney Corp increased its position in shares of DTE Energy by 80.0% during the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider's stock valued at $1,655,000 after purchasing an additional 5,725 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DTE shares. Scotiabank upped their price target on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Morgan Stanley lifted their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday. Guggenheim raised DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Finally, UBS Group raised DTE Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.82.

Insider Buying and Selling

In related news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on 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 directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction on Wednesday, February 19th. The stock was 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock worth $1,559,205. 0.61% of the stock is owned by insiders.

DTE Energy Trading Up 0.5 %

Shares of NYSE:DTE traded up $0.64 during trading on Thursday, reaching $136.81. The company's stock had a trading volume of 1,859,112 shares, compared to its average volume of 1,252,991. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. DTE Energy has a 12 month low of $103.06 and a 12 month high of $137.03. The stock has a market capitalization of $28.35 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The firm's 50 day simple moving average is $126.71 and its two-hundred day simple moving average is $124.70.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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%. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.19%. DTE Energy's payout ratio is presently 64.40%.

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.