Proficio Capital Partners LLC Makes New $11.41 Million Investment in DTE Energy (NYSE:DTE)

Proficio Capital Partners LLC bought a new stake in DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 94,527 shares of the utilities provider's stock, valued at approximately $11,414,000.

A number of other institutional investors also recently bought and sold shares of the company. M&T Bank Corp grew its position in shares of DTE Energy by 4.4% during the fourth quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock worth $1,139,000 after purchasing an additional 395 shares in the last quarter. Atria Investments Inc grew its position in shares of DTE Energy by 2.9% during the fourth quarter. Atria Investments Inc now owns 11,382 shares of the utilities provider's stock worth $1,374,000 after purchasing an additional 322 shares in the last quarter. Assetmark Inc. grew its position in shares of DTE Energy by 12.1% during the fourth quarter. Assetmark Inc. now owns 3,535 shares of the utilities provider's stock worth $427,000 after purchasing an additional 381 shares in the last quarter. Keybank National Association OH grew its position in shares of DTE Energy by 36.9% during the fourth quarter. Keybank National Association OH now owns 4,434 shares of the utilities provider's stock worth $535,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of DTE Energy during the fourth quarter worth about $212,000. Institutional investors own 76.06% of the company's stock.

Insiders Place Their Bets

In related news, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their position. 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 the business's 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock worth $1,559,205 in the last ninety days. 0.28% of the stock is owned by company insiders.

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DTE Energy Trading Up 2.0 %

Shares of DTE stock traded up $2.71 on Friday, reaching $135.42. 1,086,276 shares of the company's stock were exchanged, compared to its average volume of 1,078,663. DTE Energy has a 52 week low of $103.06 and a 52 week high of $136.28. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $28.07 billion, a PE ratio of 20.00, a P/E/G ratio of 2.41 and a beta of 0.59. The company's fifty day simple moving average is $125.78 and its 200 day simple moving average is $124.47.

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, topping 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, analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.22%. DTE Energy's payout ratio is currently 64.40%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley cut their target price on DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Scotiabank raised their price target on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and raised their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.09.

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.