Mizuho Securities USA LLC Buys 6,204 Shares of DTE Energy (NYSE:DTE)

Mizuho Securities USA LLC boosted its stake in DTE Energy (NYSE:DTE - Free Report) by 46.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,628 shares of the utilities provider's stock after purchasing an additional 6,204 shares during the quarter. Mizuho Securities USA LLC's holdings in DTE Energy were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. SkyOak Wealth LLC raised its holdings in shares of DTE Energy by 4.1% during the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider's stock valued at $262,000 after buying an additional 85 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in DTE Energy by 8.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after acquiring an additional 90 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of DTE Energy by 4.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock worth $258,000 after acquiring an additional 92 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock worth $320,000 after acquiring an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of DTE Energy by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock valued at $525,000 after purchasing an additional 96 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several analysts have issued reports on the stock. 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 increased their target price on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. BMO Capital Markets upped their target price on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Finally, Scotiabank boosted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.58.

Insider Activity

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 of the company's stock, valued at $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. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 in the last ninety days. Corporate insiders own 0.33% of the company's stock.

DTE Energy Stock Down 0.4 %

Shares of NYSE:DTE traded down $0.55 on Thursday, hitting $135.17. 1,204,808 shares of the company traded hands, compared to its average volume of 1,093,509. The company has a market cap of $28.05 billion, a PE ratio of 19.97, a PEG ratio of 2.41 and a beta of 0.59. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The stock has a 50 day simple moving average of $128.59 and a 200-day simple moving average of $125.17. DTE Energy has a 52 week low of $103.06 and a 52 week high of $138.22.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.23%. DTE Energy's payout ratio is currently 64.40%.

About DTE Energy

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.