Steward Partners Investment Advisory LLC Acquires 2,426 Shares of DTE Energy (NYSE:DTE)

Steward Partners Investment Advisory LLC increased its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 151.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,033 shares of the utilities provider's stock after purchasing an additional 2,426 shares during the period. Steward Partners Investment Advisory LLC's holdings in DTE Energy were worth $487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy during the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in DTE Energy in the third quarter valued at approximately $35,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy in the third quarter valued at approximately $35,000. Versant Capital Management Inc boosted its stake in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 267 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in DTE Energy in the third quarter valued at approximately $39,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Down 0.6 %

DTE opened at $131.19 on Thursday. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $136.28. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a fifty day moving average of $125.27 and a two-hundred day moving average of $124.34. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.41 and a beta of 0.59.

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DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (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%. On average, research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.32%. DTE Energy's dividend payout ratio (DPR) is 64.40%.

Insider Activity

In related news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction dated 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 directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the transaction, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % 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 worth $1,559,205 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Guggenheim upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, KeyCorp cut shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and a consensus target price of $135.67.

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.

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