Beck Bode LLC Acquires 10,970 Shares of DTE Energy (NYSE:DTE)

Beck Bode LLC grew its position in shares of DTE Energy (NYSE:DTE - Free Report) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,057 shares of the utilities provider's stock after purchasing an additional 10,970 shares during the period. DTE Energy makes up about 3.0% of Beck Bode LLC's holdings, making the stock its 9th largest holding. Beck Bode LLC owned about 0.06% of DTE Energy worth $16,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in DTE Energy by 60.8% in the fourth quarter. BNP Paribas Financial Markets now owns 382,778 shares of the utilities provider's stock valued at $46,220,000 after acquiring an additional 144,780 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of DTE Energy by 10.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,923 shares of the utilities provider's stock worth $355,000 after purchasing an additional 266 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in DTE Energy by 19.0% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,330 shares of the utilities provider's stock valued at $402,000 after buying an additional 532 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its stake in DTE Energy by 38.9% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 5,467 shares of the utilities provider's stock valued at $660,000 after buying an additional 1,530 shares in the last quarter. Finally, Comerica Bank lifted its holdings in DTE Energy by 4.1% during the 4th quarter. Comerica Bank now owns 68,430 shares of the utilities provider's stock worth $8,263,000 after buying an additional 2,703 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DTE has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday, April 21st. Barclays downgraded 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 raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Evercore ISI increased their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.31.

DTE Energy Price Performance

DTE traded up $1.02 on Tuesday, hitting $137.71. 1,206,087 shares of the company were exchanged, compared to its average volume of 1,212,593. The business's fifty day moving average is $134.03 and its 200 day moving average is $126.82. DTE Energy has a fifty-two week low of $108.40 and a fifty-two 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 firm has a market capitalization of $28.58 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $1.67 EPS. As a group, sell-side analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Monday, March 17th. DTE Energy's payout ratio is currently 58.92%.

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.