DTE Energy (NYSE:DTE) Shares Purchased by Xponance Inc.

Xponance Inc. increased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 100.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,243 shares of the utilities provider's stock after purchasing an additional 28,679 shares during the period. Xponance Inc.'s holdings in DTE Energy were worth $6,912,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DTE. State Street Corp raised its stake in shares of DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock worth $1,319,264,000 after buying an additional 662,569 shares in the last quarter. Boston Partners raised its position in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after acquiring an additional 582,643 shares in the last quarter. Zimmer Partners LP acquired a new stake in DTE Energy in the third quarter valued at $69,894,000. Point72 Asset Management L.P. purchased a new stake in shares of DTE Energy during the 3rd quarter worth $66,733,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of DTE Energy during the 4th quarter worth $43,063,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Insider Buying and Selling at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last 90 days. 0.61% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on DTE. BMO Capital Markets raised their price objective 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. Morgan Stanley upped their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday. Guggenheim raised their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday. KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, DTE Energy currently has a consensus rating of "Moderate Buy" and an average target price of $138.58.

DTE Energy Trading Down 0.8 %

Shares of NYSE DTE traded down $1.08 during midday trading on Monday, reaching $136.03. 1,125,024 shares of the stock were exchanged, compared to its average volume of 1,092,203. 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 company has a market capitalization of $28.23 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.41 and a beta of 0.59. The stock has a 50 day moving average price of $127.38 and a 200-day moving average price of $124.86. DTE Energy has a 52-week low of $103.06 and a 52-week high of $138.22.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results 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 net margin of 11.27% and a return on equity of 12.42%. Equities research 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. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Monday, March 17th. DTE Energy's payout ratio is 64.40%.

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.