Wealthspire Advisors LLC lessened its holdings in shares of DTE Energy (NYSE:DTE – Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,031 shares of the utilities provider’s stock after selling 1,045 shares during the quarter. Wealthspire Advisors LLC’s holdings in DTE Energy were worth $970,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in DTE Energy by 2.3% during the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after buying an additional 81 shares in the last quarter. SkyOak Wealth LLC increased its stake in shares of DTE Energy by 4.1% in the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 85 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of DTE Energy by 4.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 92 shares during the period. Tidal Investments LLC boosted its position in shares of DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after acquiring an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of DTE Energy by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider’s stock valued at $525,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.
DTE Energy Price Performance
DTE opened at $133.33 on Wednesday. The stock’s 50-day moving average price is $122.62 and its 200 day moving average price is $123.59. DTE Energy has a 12-month low of $103.06 and a 12-month high of $133.49. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.41 and a beta of 0.68. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.
DTE Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.27%. DTE Energy’s dividend payout ratio is presently 64.40%.
Insider Buying and Selling at DTE Energy
In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 in the last 90 days. Company insiders own 0.61% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.67.
Check Out Our Latest Stock Analysis on DTE Energy
DTE Energy 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.
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