Scientech Research LLC Takes $878,000 Position in DTE Energy Company $DTE

Scientech Research LLC bought a new position in shares of DTE Energy Company (NYSE:DTE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,352 shares of the utilities provider's stock, valued at approximately $878,000.

Other large investors have also modified their holdings of the company. Petrus Trust Company LTA acquired a new position in DTE Energy during the first quarter worth $358,000. Nissay Asset Management Corp Japan ADV raised its holdings in shares of DTE Energy by 1.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 25,390 shares of the utilities provider's stock worth $3,511,000 after acquiring an additional 330 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of DTE Energy by 3.5% in the first quarter. NewEdge Advisors LLC now owns 336,467 shares of the utilities provider's stock worth $46,523,000 after acquiring an additional 11,501 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of DTE Energy by 14.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,981 shares of the utilities provider's stock worth $689,000 after acquiring an additional 641 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of DTE Energy by 250.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 32,199 shares of the utilities provider's stock worth $4,452,000 after acquiring an additional 23,001 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Lisa A. Muschong sold 1,600 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the sale, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

DTE Energy Stock Down 0.0%

NYSE DTE traded down $0.02 on Friday, hitting $136.74. 940,281 shares of the stock traded hands, compared to its average volume of 907,431. The company has a market capitalization of $28.39 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.72 and a beta of 0.42. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $142.05. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock has a 50-day moving average of $137.23 and a 200 day moving average of $135.18.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio (DPR) is currently 62.73%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DTE shares. Morgan Stanley set a $140.00 price target on DTE Energy and gave the stock an "overweight" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Saturday, September 6th. Barclays upped their target price on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Citigroup reiterated a "buy" rating and issued a $151.00 target price (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $144.25.

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.