Wells Fargo & Company MN Has $28.96 Million Position in DTE Energy (NYSE:DTE)

Wells Fargo & Company MN raised its stake in DTE Energy (NYSE:DTE - Free Report) by 13.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 239,865 shares of the utilities provider's stock after buying an additional 28,410 shares during the quarter. Wells Fargo & Company MN owned approximately 0.12% of DTE Energy worth $28,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 267 shares during the last quarter. Robbins Farley bought a new stake in shares of DTE Energy during the fourth quarter valued at approximately $57,000. Kestra Investment Management LLC acquired a new position in shares of DTE Energy during the fourth quarter worth approximately $57,000. AdvisorNet Financial Inc increased its position in DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after acquiring an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new stake in DTE Energy during the 4th quarter valued at $87,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction dated 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. 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 is available at the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following 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. Over the last quarter, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is currently owned by corporate insiders.

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DTE Energy Stock Down 0.1 %

DTE Energy stock traded down $0.19 during trading hours on Tuesday, hitting $133.00. The company had a trading volume of 1,459,873 shares, compared to its average volume of 1,185,491. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $140.39. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The firm has a market capitalization of $27.60 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The firm's fifty day moving average is $131.89 and its 200-day moving average is $125.88.

DTE Energy (NYSE:DTE - Get Free Report) last released 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 return on equity of 12.42% and a net margin of 11.27%. On average, research analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued 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 3.28%. DTE Energy's dividend payout ratio is currently 64.40%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley boosted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Finally, Guggenheim increased their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.58.

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.