DTE Energy (NYSE:DTE) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its position in DTE Energy (NYSE:DTE - Free Report) by 493.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,512 shares of the utilities provider's stock after acquiring an additional 160,900 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of DTE Energy worth $23,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DTE. Versant Capital Management Inc increased its stake in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock worth $36,000 after buying an additional 267 shares during the period. Robbins Farley acquired a new position in shares of DTE Energy in the fourth quarter worth $57,000. Kestra Investment Management LLC purchased a new stake in shares of DTE Energy during the fourth quarter worth $57,000. AdvisorNet Financial Inc raised its stake in shares of 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 purchased a new position in DTE Energy in the fourth quarter valued at $87,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

NYSE DTE traded down $1.06 during trading on Thursday, reaching $135.94. The company's stock had a trading volume of 592,490 shares, compared to its average volume of 1,205,884. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 2.41 and a beta of 0.49. The business's fifty day moving average price is $133.70 and its 200-day moving average price is $126.58. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly 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. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The firm had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. As a group, analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a $1.09 dividend. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. DTE Energy's dividend payout ratio (DPR) is 64.40%.

Insider Buying and Selling at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction dated 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 directly owns 6,951 shares of the company's stock, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on DTE. BMO Capital Markets upped their price target on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Guggenheim raised their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Finally, Morgan Stanley boosted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.17.

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.