Tortoise Capital Advisors L.L.C. Decreases Holdings in DTE Energy (NYSE:DTE)

Tortoise Capital Advisors L.L.C. reduced its position in DTE Energy (NYSE:DTE - Free Report) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 170,714 shares of the utilities provider's stock after selling 19,830 shares during the period. Tortoise Capital Advisors L.L.C. owned about 0.08% of DTE Energy worth $20,614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DTE. Capital World Investors boosted its holdings in DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after purchasing an additional 3,766,221 shares during the period. Vanguard Group Inc. increased its holdings in DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after buying an additional 879,670 shares during the period. Invesco Ltd. raised its position in shares of DTE Energy by 50.2% in the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after buying an additional 822,854 shares in the last quarter. HITE Hedge Asset Management LLC lifted its holdings in shares of DTE Energy by 196.7% during the 4th quarter. HITE Hedge Asset Management LLC now owns 964,919 shares of the utilities provider's stock worth $116,514,000 after acquiring an additional 639,659 shares during the period. Finally, Boston Partners boosted its position in shares of DTE Energy by 25.1% during the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after acquiring an additional 582,643 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

DTE Energy Stock Up 0.5 %

Shares of NYSE:DTE traded up $0.67 during midday trading on Wednesday, hitting $136.47. 2,383,759 shares of the company's stock were exchanged, compared to its average volume of 1,198,374. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The stock has a 50 day moving average price of $132.97 and a 200-day moving average price of $126.11. The company has a market cap of $28.32 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Monday, March 17th. DTE Energy's dividend payout ratio is currently 64.40%.

Insider Buying and Selling

In related news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction 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 completion of the sale, the senior vice president now owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm'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 completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by company insiders.

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.