Comerica Bank Raises Holdings in DTE Energy (NYSE:DTE)

Comerica Bank raised its position in shares of DTE Energy (NYSE:DTE - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,430 shares of the utilities provider's stock after acquiring an additional 2,703 shares during the period. Comerica Bank's holdings in DTE Energy were worth $8,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its position in DTE Energy by 750.0% in the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after purchasing an additional 851,169 shares during the period. Northern Trust Corp raised its holdings in shares of DTE Energy by 4.7% in the fourth quarter. Northern Trust Corp now owns 1,827,168 shares of the utilities provider's stock worth $220,631,000 after buying an additional 81,935 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of DTE Energy by 27.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 498,315 shares of the utilities provider's stock worth $60,172,000 after buying an additional 106,348 shares during the period. Optiver Holding B.V. lifted its stake in shares of DTE Energy by 82.1% during the 4th quarter. Optiver Holding B.V. now owns 785 shares of the utilities provider's stock worth $95,000 after acquiring an additional 354 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in DTE Energy by 18.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,986 shares of the utilities provider's stock valued at $964,000 after acquiring an additional 1,255 shares during the period. Institutional investors own 76.06% of the company's stock.

DTE Energy Trading Up 0.8 %

Shares of NYSE DTE traded up $1.11 during midday trading on Wednesday, reaching $138.77. 1,197,554 shares of the stock were exchanged, compared to its average volume of 1,212,531. DTE Energy has a twelve month low of $108.40 and a twelve month 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 stock has a market capitalization of $28.80 billion, a P/E ratio of 20.50, a PEG ratio of 2.41 and a beta of 0.47. The company has a 50 day simple moving average of $134.03 and a 200 day simple moving average of $126.82.

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

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were issued a dividend of $1.09 per share. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.14%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, 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 value of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm'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 sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This trade 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 valued at $1,559,205 in the last 90 days. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DTE. Morgan Stanley upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Evercore ISI boosted their price target on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Guggenheim raised their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $140.31.

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.