Invesco Ltd. Purchases 822,854 Shares of DTE Energy (NYSE:DTE)

Invesco Ltd. boosted its holdings in DTE Energy (NYSE:DTE - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,462,592 shares of the utilities provider's stock after buying an additional 822,854 shares during the quarter. Invesco Ltd. owned 1.19% of DTE Energy worth $297,358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP raised its position in DTE Energy by 16.0% in the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after acquiring an additional 336 shares during the period. Jones Financial Companies Lllp lifted its position in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after purchasing an additional 2,642 shares in the last quarter. Nordea Investment Management AB grew its holdings in DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after purchasing an additional 211,763 shares during the period. Orion Portfolio Solutions LLC increased its position in DTE Energy by 39.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after buying an additional 1,618 shares in the last quarter. Finally, Patton Albertson Miller Group LLC lifted its position in shares of DTE Energy by 7.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock valued at $5,667,000 after buying an additional 3,306 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

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DTE Energy Price Performance

Shares of DTE stock traded up $0.17 on Tuesday, reaching $133.36. The company's stock had a trading volume of 801,254 shares, compared to its average volume of 1,183,080. The stock's fifty day simple moving average is $131.89 and its 200-day simple moving average is $125.88. DTE Energy has a 1 year low of $103.06 and a 1 year high of $140.39. The company has a market capitalization of $27.67 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. 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 (NYSE:DTE - Get Free Report) last announced its 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 return on equity of 12.42% and a net margin of 11.27%. Analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on DTE. Guggenheim raised their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Morgan Stanley upped their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets raised their price target on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their target price for the company 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 issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $138.58.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the company'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 transaction, the chief operating officer now owns 6,951 shares of the company's stock, valued at $900,571.56. This represents a 35.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $935,008.80. Following 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 disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 over the last 90 days. Company insiders own 0.33% of the company's stock.

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.