Daiwa Securities Group Inc. Purchases 1,058 Shares of DTE Energy (NYSE:DTE)

Daiwa Securities Group Inc. raised its stake in DTE Energy (NYSE:DTE) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,414 shares of the utilities provider’s stock after buying an additional 1,058 shares during the period. Daiwa Securities Group Inc.’s holdings in DTE Energy were worth $2,030,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Diversified Portfolios Inc. bought a new position in shares of DTE Energy in the 4th quarter worth $224,000. SVB Wealth LLC bought a new position in shares of DTE Energy in the 4th quarter worth $220,000. Romano Brothers AND Company bought a new position in shares of DTE Energy in the 4th quarter worth $291,000. Louisiana State Employees Retirement System bought a new position in shares of DTE Energy in the 4th quarter worth $1,378,000. Finally, MV Capital Management Inc. increased its holdings in shares of DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after buying an additional 143 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DTE shares. BMO Capital Markets upped their price objective on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. Morgan Stanley upped their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. KeyCorp upped their price objective on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Guggenheim cut shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective for the company. in a research note on Monday, January 22nd. Finally, Barclays increased their price target on shares of DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.10.

DTE Energy Trading Up 1.4 %

NYSE:DTE opened at $110.12 on Tuesday. The company has a 50-day moving average price of $108.81 and a 200-day moving average price of $105.88. 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 has a market cap of $22.79 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 2.70 and a beta of 0.64.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 EPS for the quarter, topping 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 firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the company posted $1.31 EPS. Equities analysts predict that DTE Energy will post 6.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were paid a $1.02 dividend. The ex-dividend date was Friday, March 15th. This represents a $4.08 annualized dividend and a dividend yield of 3.71%. DTE Energy’s payout ratio is 60.36%.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Joann Chavez sold 6,070 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now directly owns 16,667 shares in the company, valued at approximately $1,819,869.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $743,200.92. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 in the last three months. 0.28% of the stock is owned by corporate insiders.

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.