Stratos Wealth Partners LTD. Makes New Investment in DTE Energy (NYSE:DTE)

Stratos Wealth Partners LTD. bought a new position in shares of DTE Energy (NYSE:DTE) during the fourth quarter, Holdings Channel.com reports. The firm bought 2,014 shares of the utilities provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of DTE Energy by 180.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 328 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 211 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of DTE Energy during the 3rd quarter worth approximately $36,000. Compagnie Lombard Odier SCmA purchased a new position in shares of DTE Energy during the 3rd quarter worth approximately $37,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of DTE Energy during the 3rd quarter worth approximately $41,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of DTE Energy during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE stock opened at $103.21 on Wednesday. The stock has a market capitalization of $21.36 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 2.64 and a beta of 0.64. DTE Energy has a 12-month low of $90.14 and a 12-month high of $116.73. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. The stock’s 50 day simple moving average is $108.61 and its 200 day simple moving average is $105.55.

DTE Energy (NYSE:DTE) last released 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. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same period in the prior year, the firm posted $1.31 EPS. As a group, research analysts forecast that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, March 15th. This represents a $4.08 annualized dividend and a dividend yield of 3.95%. DTE Energy’s payout ratio is 60.36%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. KeyCorp upped their target price on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. BMO Capital Markets dropped their price target on DTE Energy from $113.00 to $111.00 and set a “market perform” rating on the stock in a research report on Monday, February 12th. Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target on the stock. in a research report on Monday, January 22nd. JPMorgan Chase & Co. boosted their price target on DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.33.

Insider Activity

In other news, COO Robert A. Richard sold 4,800 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the transaction, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Robert A. Richard sold 4,800 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the transaction, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The disclosure for this sale can be found here. Insiders have sold 20,095 shares of company stock valued at $2,168,183 in the last ninety days. 0.28% of the stock is currently owned by company insiders.

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.