Impact Capital Partners LLC Purchases New Shares in DTE Energy (NYSE:DTE)

Impact Capital Partners LLC acquired a new position in shares of DTE Energy (NYSE:DTE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,075 shares of the utilities provider's stock, valued at approximately $975,000.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp bought a new position in DTE Energy during the third quarter worth about $268,000. Assetmark Inc. boosted its position in DTE Energy by 10.6% during the third quarter. Assetmark Inc. now owns 3,154 shares of the utilities provider's stock worth $405,000 after purchasing an additional 301 shares during the period. Atria Investments Inc boosted its position in DTE Energy by 23.9% during the third quarter. Atria Investments Inc now owns 11,060 shares of the utilities provider's stock worth $1,420,000 after purchasing an additional 2,137 shares during the period. Ashton Thomas Securities LLC bought a new position in DTE Energy during the third quarter worth about $35,000. Finally, Harbour Investments Inc. boosted its position in DTE Energy by 65.3% during the third quarter. Harbour Investments Inc. now owns 3,835 shares of the utilities provider's stock worth $492,000 after purchasing an additional 1,515 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

DTE Energy stock traded up $2.71 during mid-day trading on Friday, hitting $135.42. 1,086,276 shares of the company traded hands, compared to its average volume of 1,078,663. DTE Energy has a one year low of $103.06 and a one year high of $136.28. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. 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 stock has a fifty day moving average price of $125.78 and a 200-day moving average price of $124.47.

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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 (EPS) 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, equities analysts predict that DTE Energy will post 7.18 earnings per share 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. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Insiders Place Their Bets

In related news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DTE shares. Guggenheim upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. KeyCorp lowered shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Morgan Stanley cut their price objective on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets raised their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and an average price target of $137.09.

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.