Finward Bancorp Purchases Shares of 6,000 DTE Energy (NYSE:DTE)

Finward Bancorp bought a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 6,000 shares of the utilities provider's stock, valued at approximately $724,000.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock worth $36,000 after purchasing an additional 267 shares in the last quarter. Robbins Farley bought a new stake in shares of DTE Energy in the 4th quarter valued at $57,000. Kestra Investment Management LLC acquired a new position in shares of DTE Energy during the 4th quarter valued at $57,000. AdvisorNet Financial Inc grew its holdings in DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of DTE Energy during the fourth quarter valued at about $87,000. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley boosted their target price on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Guggenheim raised their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets upped their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Finally, Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.58.

DTE Energy Stock Performance

DTE stock traded up $1.31 during mid-day trading on Friday, hitting $133.33. The company had a trading volume of 1,389,436 shares, compared to its average volume of 1,182,343. 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 firm has a market cap of $27.67 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a 12 month low of $106.80 and a 12 month high of $140.39. The stock's fifty day moving average price is $132.66 and its two-hundred day moving average price is $126.04.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results 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 return on equity of 12.42% and a net margin of 11.27%. On average, analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a dividend of $1.09 per share. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.27%. DTE Energy's dividend payout ratio is presently 64.40%.

Insiders Place Their Bets

In other news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value 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. This represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the business'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 transaction 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 represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 over the last quarter. 0.33% of the stock is currently 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.