WBH Advisory Inc. Buys Shares of 2,142 DTE Energy (NYSE:DTE)

WBH Advisory Inc. purchased a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,142 shares of the utilities provider's stock, valued at approximately $259,000.

Several other institutional investors have also added to or reduced their stakes in DTE. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy in the 3rd quarter worth $30,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the 3rd quarter valued at $35,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy in the third quarter worth about $35,000. Versant Capital Management Inc increased 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 acquiring an additional 267 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Trading Up 0.8 %

NYSE:DTE traded up $1.00 on Friday, hitting $132.18. 183,466 shares of the stock were exchanged, compared to its average volume of 1,160,909. The stock has a market cap of $27.39 billion, a PE ratio of 19.52, a PEG ratio of 2.40 and a beta of 0.68. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $132.23. The stock has a fifty day moving average of $121.93 and a 200-day moving average of $123.27.

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

DTE Energy Announces Dividend

The firm also recently declared 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. This represents a $4.36 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is 64.40%.

Insider Activity at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy 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 completion of the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of research reports. Scotiabank lifted their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a 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. Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $137.00 to $135.00 in a research note on Thursday. Morgan Stanley cut their price target on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Finally, Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.