Sequoia Financial Advisors LLC Increases Position in DTE Energy (NYSE:DTE)

Sequoia Financial Advisors LLC increased its stake in DTE Energy (NYSE:DTE) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,914 shares of the utilities provider’s stock after purchasing an additional 3,754 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in DTE Energy were worth $1,424,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of DTE Energy by 180.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 328 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 211 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in DTE Energy in the 3rd quarter valued at about $36,000. Compagnie Lombard Odier SCmA acquired a new stake in DTE Energy in the 3rd quarter valued at about $37,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in DTE Energy in the 3rd quarter valued at about $41,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in DTE Energy in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.1 %

DTE stock opened at $106.25 on Friday. The stock has a market capitalization of $21.99 billion, a P/E ratio of 15.72, a PEG ratio of 2.64 and a beta of 0.64. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. DTE Energy has a one year low of $90.14 and a one year high of $116.73. The company has a 50 day moving average price of $108.60 and a two-hundred day moving average price of $105.44.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.01. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the previous year, the company earned $1.31 EPS. As a group, sell-side analysts expect that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 18th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $4.08 annualized dividend and a dividend yield of 3.84%. DTE Energy’s dividend payout ratio is presently 60.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DTE shares. TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. Guggenheim cut shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective on the stock. in a research note on Monday, January 22nd. BMO Capital Markets lowered their price objective on shares of DTE Energy from $113.00 to $111.00 and set a “market perform” rating on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Wolfe Research lowered shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $114.00.

Insider Activity

In other news, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total transaction of $662,783.30. Following the transaction, the senior vice president now owns 16,667 shares in the company, valued at approximately $1,819,869.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the transaction, the chief accounting officer now owns 3,462 shares in the company, valued at approximately $370,572.48. The disclosure for this sale can be found here. Insiders sold 20,095 shares of company stock valued at $2,168,183 in the last ninety days. Company insiders own 0.61% of the company’s stock.

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.