The Manufacturers Life Insurance Company Raises Stake in DTE Energy (NYSE:DTE)

The Manufacturers Life Insurance Company boosted its position in DTE Energy (NYSE:DTE - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 498,315 shares of the utilities provider's stock after purchasing an additional 106,348 shares during the period. The Manufacturers Life Insurance Company owned 0.24% of DTE Energy worth $60,172,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DTE. Allworth Financial LP raised its position in 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 purchasing an additional 336 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of DTE Energy by 72.3% in 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 during the period. Nordea Investment Management AB boosted its holdings in DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after acquiring an additional 211,763 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of DTE Energy by 39.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock valued at $693,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Patton Albertson Miller Group LLC increased its position in shares of DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after buying an additional 3,306 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy 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 completion of the transaction, the senior vice president now owns 14,067 shares of the company's stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last three months. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley increased their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Evercore ISI increased their price target on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday. 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. Guggenheim increased their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets lifted their price target on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. 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, DTE Energy has an average rating of "Moderate Buy" and an average target price of $140.31.

DTE Energy Stock Up 0.4 %

Shares of DTE traded up $0.51 during trading hours on Friday, reaching $136.35. 709,895 shares of the stock traded hands, compared to its average volume of 1,210,150. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The stock has a fifty day simple moving average of $133.83 and a 200 day simple moving average of $126.71. The company has a market cap of $28.29 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.41 and a beta of 0.49.

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 for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The firm had revenue of $3.37 billion for 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 quarter in the previous year, the business earned $1.67 EPS. On average, equities analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, March 17th. DTE Energy's dividend payout ratio is 64.40%.

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.