DTE Energy (NYSE:DTE) Holdings Raised by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lifted its stake in shares of DTE Energy (NYSE:DTEFree Report) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 323,961 shares of the utilities provider’s stock after purchasing an additional 24,974 shares during the quarter. Vaughan David Investments LLC IL owned about 0.16% of DTE Energy worth $35,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in DTE Energy by 180.3% during the second 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 acquired a new position in DTE Energy during the third quarter worth about $36,000. Compagnie Lombard Odier SCmA acquired a new position in DTE Energy during the third quarter worth about $37,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in DTE Energy during the third quarter worth about $41,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in DTE Energy during the third quarter worth about $43,000. 76.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of research analyst reports. Wolfe Research lowered DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. KeyCorp lifted their price target on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research note 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 note on Monday, February 12th. Morgan Stanley lifted their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, TheStreet upgraded 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 issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Hold” and an average price target of $114.00.

View Our Latest Report on DTE Energy

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 sale, the chief accounting officer now owns 3,462 shares in the company, valued at approximately $370,572.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew T. Paul sold 5,850 shares of the company’s 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 sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The disclosure for this sale can be found here. Insiders have sold a total of 20,095 shares of company stock valued at $2,168,183 in the last three months. Company insiders own 0.61% of the company’s stock.

DTE Energy Stock Performance

DTE traded up $0.12 on Friday, hitting $106.25. The company had a trading volume of 1,487,939 shares, compared to its average volume of 1,188,627. The company’s fifty day moving average price is $108.57 and its 200 day moving average price is $105.41. DTE Energy has a 1-year low of $90.14 and a 1-year high of $116.73. 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 stock has a market cap of $21.99 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64.

DTE Energy (NYSE:DTEGet Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping 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 firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the company earned $1.31 EPS. Equities analysts predict that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 18th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.84%. The ex-dividend date is Friday, March 15th. DTE Energy’s dividend payout ratio is currently 60.36%.

DTE Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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