Rhumbline Advisers Has $40.59 Million Stock Position in DTE Energy (NYSE:DTE)

Rhumbline Advisers decreased its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,135 shares of the utilities provider's stock after selling 3,151 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of DTE Energy worth $40,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in DTE Energy during the third quarter worth $30,000. Ashton Thomas Securities LLC acquired a new stake in DTE Energy during the 3rd quarter valued at $35,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy during the 3rd quarter worth $35,000. Versant Capital Management Inc lifted its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock worth $36,000 after buying an additional 267 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in DTE Energy in the 3rd quarter valued at about $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DTE shares. KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their target price on DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Scotiabank lifted their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday. Finally, BMO Capital Markets raised their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.67.

Insider Buying and Selling

In related news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the firm'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 completion of the transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

DTE Energy Stock Performance

DTE stock traded up $0.95 during midday trading on Friday, reaching $132.13. The company had a trading volume of 179,190 shares, compared to its average volume of 1,160,451. 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 moving average price of $121.93 and a 200 day moving average price of $123.27. The firm has a market capitalization of $27.38 billion, a PE ratio of 19.52, a P/E/G ratio of 2.40 and a beta of 0.68. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $132.23.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results 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 net margin of 11.27% and a return on equity of 12.42%. Analysts anticipate 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 will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.30%. DTE Energy's payout ratio is presently 64.40%.

DTE Energy Company 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.