NewEdge Advisors LLC Purchases 7,758 Shares of DTE Energy (NYSE:DTE)

NewEdge Advisors LLC raised its stake 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 SEC. The fund owned 324,966 shares of the utilities provider's stock after purchasing an additional 7,758 shares during the period. NewEdge Advisors LLC owned 0.16% of DTE Energy worth $39,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the period. Invesco Ltd. raised its stake in shares of DTE Energy by 50.2% in the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after purchasing an additional 822,854 shares in the last quarter. Boston Partners grew its position in shares of DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after acquiring an additional 582,643 shares in the last quarter. Raymond James Financial Inc. bought a new stake in DTE Energy during the fourth quarter valued at $43,063,000. Finally, Nordea Investment Management AB raised its stake 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 worth $26,706,000 after acquiring an additional 211,763 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DTE. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Morgan Stanley lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Guggenheim boosted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $139.17.

Insider Activity

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,877 shares of company stock worth $1,559,205. Corporate insiders own 0.33% of the company's stock.

DTE Energy Price Performance

Shares of DTE stock traded down $2.17 during trading hours on Monday, reaching $131.38. The company's stock had a trading volume of 292,978 shares, compared to its average volume of 1,179,922. DTE Energy has a fifty-two week low of $107.88 and a fifty-two week high of $140.39. 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 firm's 50 day simple moving average is $132.66 and its 200-day simple moving average is $126.01. The company has a market capitalization of $27.26 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.27% and a return on equity of 12.42%. Sell-side analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy's payout ratio is presently 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.