6,821 Shares in DTE Energy (NYSE:DTE) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,821 shares of the utilities provider's stock, valued at approximately $824,000.

Other institutional investors also recently modified their holdings of the company. Robbins Farley bought a new position in shares of DTE Energy in the fourth quarter worth approximately $57,000. Kestra Investment Management LLC purchased a new stake in DTE Energy in the fourth quarter worth approximately $57,000. Colonial Trust Co SC boosted its stake in DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock worth $79,000 after buying an additional 608 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in DTE Energy in the fourth quarter worth approximately $87,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in DTE Energy in the fourth quarter worth approximately $88,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Performance

Shares of DTE stock opened at $138.40 on Tuesday. The stock has a fifty day moving average of $134.67 and a 200 day moving average of $127.42. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.41 and a beta of 0.47. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE - Get Free Report) last announced 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. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, June 16th. DTE Energy's payout ratio is 58.92%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI upped their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Wells Fargo & Company upped their target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. BMO Capital Markets upped 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. StockNews.com lowered DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Guggenheim increased their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.31.

Insider Buying and Selling

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares of the company's stock, 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 over the last quarter. 0.33% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.