DTE Energy (NYSE:DTE) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of DTE Energy (NYSE:DTE) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,924 shares of the utilities provider’s stock after purchasing an additional 403 shares during the period. Signaturefd LLC’s holdings in DTE Energy were worth $322,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PBMares Wealth Management LLC boosted its stake in DTE Energy by 4.5% during the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after buying an additional 100 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in DTE Energy by 17.0% during the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after buying an additional 102 shares in the last quarter. Telemus Capital LLC boosted its stake in DTE Energy by 3.1% during the third quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider’s stock valued at $368,000 after buying an additional 111 shares in the last quarter. ASB Consultores LLC boosted its stake in DTE Energy by 5.6% during the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock valued at $212,000 after buying an additional 114 shares in the last quarter. Finally, Secure Asset Management LLC boosted its stake in DTE Energy by 1.7% during the fourth quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider’s stock valued at $848,000 after buying an additional 127 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Down 1.5 %

Shares of NYSE DTE opened at $109.52 on Friday. DTE Energy has a one year low of $90.14 and a one year high of $116.73. The firm has a market capitalization of $22.66 billion, a PE ratio of 16.20, a PEG ratio of 2.78 and a beta of 0.64. 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 business has a 50-day moving average price of $109.15 and a two-hundred day moving average price of $106.15.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.81 billion. As a group, analysts predict that DTE Energy will post 6.69 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 paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Friday, March 15th. DTE Energy’s dividend payout ratio (DPR) is presently 60.36%.

Insider Transactions at DTE Energy

In other news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joann Chavez sold 6,070 shares of the firm’s stock in a transaction that occurred on 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 $1,819,869.73. 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 three months. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DTE. BMO Capital Markets increased their price target on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Scotiabank decreased their price target on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Barclays increased their price target on DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Wolfe Research lowered DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.10.

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.