Lindbrook Capital LLC Has $107,000 Stock Position in DTE Energy (NYSE:DTE)

Lindbrook Capital LLC lifted its stake in shares of DTE Energy (NYSE:DTE) by 149.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 968 shares of the utilities provider’s stock after purchasing an additional 580 shares during the period. Lindbrook Capital LLC’s holdings in DTE Energy were worth $107,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in DTE Energy by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock valued at $509,081,000 after buying an additional 724,561 shares during the period. Invesco Ltd. lifted its holdings in DTE Energy by 6.6% during the 3rd quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider’s stock valued at $221,314,000 after purchasing an additional 137,960 shares during the last quarter. Northern Trust Corp lifted its holdings in DTE Energy by 1.5% during the 3rd quarter. Northern Trust Corp now owns 1,923,222 shares of the utilities provider’s stock valued at $190,937,000 after purchasing an additional 27,891 shares during the last quarter. California Public Employees Retirement System boosted its position in DTE Energy by 2.3% during the third quarter. California Public Employees Retirement System now owns 1,232,976 shares of the utilities provider’s stock worth $122,410,000 after purchasing an additional 27,216 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of DTE Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,180,851 shares of the utilities provider’s stock valued at $117,235,000 after purchasing an additional 8,783 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DTE. Guggenheim downgraded shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 target price for the company. in a report on Monday, January 22nd. Scotiabank decreased their target price on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research report on Monday. Barclays lifted their price target on DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. BMO Capital Markets upped their price objective on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.10.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $111.55 on Thursday. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73. The stock has a market capitalization of $23.08 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.74 and a beta of 0.64. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.60 and a quick ratio of 0.42. The company’s 50 day simple moving average is $109.05 and its 200 day simple moving average is $106.02.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results 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 return on equity of 11.00% and a net margin of 10.96%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the company posted $1.31 EPS. As a group, research analysts predict that DTE Energy will post 6.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.66%. DTE Energy’s dividend payout ratio (DPR) is currently 60.36%.

Insider Activity

In related news, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 3,462 shares in the company, valued at approximately $370,572.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joann Chavez sold 6,070 shares of DTE Energy 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 sale, the senior vice president now directly owns 16,667 shares in the company, valued at $1,819,869.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,095 shares of company stock worth $2,168,183. Corporate insiders own 0.28% 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.