Captrust Financial Advisors Grows Stock Holdings in DTE Energy (NYSE:DTE)

Captrust Financial Advisors grew its position in DTE Energy (NYSE:DTE - Free Report) by 57.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,339 shares of the utilities provider's stock after purchasing an additional 6,301 shares during the quarter. Captrust Financial Advisors' holdings in DTE Energy were worth $2,094,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DTE. Allworth Financial LP boosted its holdings in shares of DTE Energy by 16.0% during the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after buying an additional 336 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after acquiring an additional 2,642 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in DTE Energy by 39.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after purchasing an additional 1,618 shares during the period. Patton Albertson Miller Group LLC grew its holdings in DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after purchasing an additional 3,306 shares during the period. Finally, M&T Bank Corp increased its stake in DTE Energy by 4.4% in the fourth quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock valued at $1,139,000 after purchasing an additional 395 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Up 1.4%

Shares of NYSE DTE traded up $1.89 during trading on Friday, hitting $138.19. The stock had a trading volume of 1,715,091 shares, compared to its average volume of 1,234,365. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The firm has a fifty day moving average of $134.40 and a two-hundred day moving average of $127.16. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39. The company has a market capitalization of $28.68 billion, a PE ratio of 20.41, a PEG ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business posted $1.67 EPS. As a group, equities research analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.16%. DTE Energy's dividend payout ratio is currently 58.92%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DTE shares. Evercore ISI increased their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their price target on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Guggenheim upped their target price on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Finally, Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.31.

Insider Buying and Selling at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42% 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 in the last quarter. 0.33% of the stock is currently owned by company insiders.

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.