Rockefeller Capital Management L.P. Grows Stock Holdings in DTE Energy (NYSE:DTE)

Rockefeller Capital Management L.P. lifted its position in DTE Energy (NYSE:DTE) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,391 shares of the utilities provider’s stock after buying an additional 385 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DTE Energy were worth $3,306,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the period. Robbins Farley acquired a new position in shares of DTE Energy during the fourth quarter worth about $57,000. Kestra Investment Management LLC purchased a new stake in shares of DTE Energy during the fourth quarter worth approximately $57,000. AdvisorNet Financial Inc raised its holdings in DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 313 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in DTE Energy during the 4th quarter worth approximately $87,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 1.0 %

NYSE DTE opened at $133.33 on Friday. DTE Energy has a 52-week low of $106.80 and a 52-week high of $140.39. The firm has a 50-day moving average price of $132.66 and a 200 day moving average price of $126.04. The stock has a market capitalization of $27.67 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.41 and a beta of 0.49. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a $1.09 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.27%. DTE Energy’s dividend payout ratio is presently 64.40%.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DTE. BMO Capital Markets increased their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Guggenheim lifted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Finally, Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $138.58.

About DTE Energy

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.