Natixis Advisors LLC Buys 2,409 Shares of DTE Energy (NYSE:DTE)

Natixis Advisors LLC raised its position in shares of DTE Energy (NYSE:DTE - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,431 shares of the utilities provider's stock after buying an additional 2,409 shares during the quarter. Natixis Advisors LLC's holdings in DTE Energy were worth $12,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SkyOak Wealth LLC lifted its position in DTE Energy by 4.1% during the fourth 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 during the period. EverSource Wealth Advisors LLC lifted 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 buying an additional 90 shares during the period. Stratos Wealth Partners LTD. lifted its position in DTE Energy by 4.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock valued at $258,000 after buying an additional 92 shares during the period. Tidal Investments LLC lifted its position in DTE Energy by 4.0% during the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock valued at $320,000 after buying an additional 96 shares during the period. Finally, Bleakley Financial Group LLC raised its position 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 worth $525,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

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Wall Street Analysts Forecast Growth

DTE has been the subject of several recent analyst reports. Scotiabank lifted their price target on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. KeyCorp lowered DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday. Guggenheim lifted their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday. Finally, UBS Group raised DTE Energy from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.58.

Insider Activity at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 approximately $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction that occurred 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 directly owns 6,951 shares in the company, valued at approximately $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.61% of the stock is owned by company insiders.

DTE Energy Stock Performance

NYSE DTE traded up $0.24 during trading hours on Friday, hitting $137.18. The company's stock had a trading volume of 3,749,148 shares, compared to its average volume of 1,092,072. DTE Energy has a 12 month low of $103.06 and a 12 month high of $138.22. The company's 50 day simple moving average is $127.38 and its two-hundred day simple moving average is $124.87. The company has a market cap of $28.47 billion, a P/E ratio of 20.26, 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 current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.18%. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

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.