IFP Advisors Inc Has $952,000 Holdings in DTE Energy (NYSE:DTE)

IFP Advisors Inc lessened its holdings in DTE Energy (NYSE:DTE - Free Report) by 67.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,884 shares of the utilities provider's stock after selling 16,241 shares during the quarter. IFP Advisors Inc's holdings in DTE Energy were worth $952,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp lifted its position in DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock worth $1,319,264,000 after buying an additional 662,569 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider's stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the last quarter. Janus Henderson Group PLC raised its holdings in DTE Energy by 2.4% during the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider's stock worth $349,309,000 after acquiring an additional 64,880 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in DTE Energy by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider's stock valued at $163,702,000 after purchasing an additional 14,937 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in DTE Energy by 3.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider's stock valued at $116,512,000 after purchasing an additional 30,909 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Buying and Selling

In other news, SVP Joann Chavez sold 7,062 shares of the 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % 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. 0.61% of the stock is owned by corporate insiders.

DTE Energy Stock Performance

Shares of DTE traded up $1.50 during midday trading on Monday, reaching $135.20. 588,384 shares of the stock were exchanged, compared to its average volume of 1,132,698. The stock's 50 day simple moving average is $123.47 and its 200 day simple moving average is $123.83. The company has a market cap of $28.02 billion, a P/E ratio of 19.97, a PEG ratio of 2.41 and a beta of 0.68. DTE Energy has a twelve month low of $103.06 and a twelve month high of $135.24. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

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 net margin of 11.27% and a return on equity of 12.42%. On average, sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is currently 64.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Scotiabank upped their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Morgan Stanley dropped their price target on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. UBS Group raised shares of DTE Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Guggenheim raised shares of DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.67.

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.