6,490 Shares in DTE Energy (NYSE:DTE) Purchased by Ethic Inc.

Ethic Inc. bought a new stake in shares of DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,490 shares of the utilities provider's stock, valued at approximately $784,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Robbins Farley bought a new position in shares of DTE Energy in the fourth quarter valued at approximately $57,000. Kestra Investment Management LLC bought a new position in DTE Energy during the 4th quarter valued at $57,000. Colonial Trust Co SC boosted its stake in DTE Energy by 1,266.7% during the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 608 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of DTE Energy by 81.5% during the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of DTE Energy in the 4th quarter worth $87,000. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on DTE shares. Evercore ISI upped their price objective on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.31.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. The trade was a 35.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the company'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 approximately $446,535.04. This represents a 22.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock valued at $1,559,205. Corporate insiders own 0.33% of the company's stock.

DTE Energy Stock Down 0.1%

Shares of NYSE:DTE opened at $132.77 on Thursday. The firm has a 50 day simple moving average of $134.32 and a 200 day simple moving average of $127.10. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market cap of $27.55 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.12. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same period in the previous year, the business earned $1.67 EPS. As a group, research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio is currently 58.92%.

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.

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