Nomura Holdings Inc. Makes New $824,000 Investment in DTE Energy (NYSE:DTE)

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

A number of other institutional investors and hedge funds have also modified their holdings of the company. Robbins Farley bought a new stake in DTE Energy in the fourth quarter valued at about $57,000. Kestra Investment Management LLC acquired a new stake in DTE Energy in the fourth quarter worth $57,000. Colonial Trust Co SC boosted its holdings in shares of DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after buying an additional 608 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in shares of DTE Energy in the fourth quarter valued at approximately $87,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of DTE Energy in the 4th quarter valued at approximately $88,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction on 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 owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley decreased their price objective on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a report on Thursday. Citigroup increased their price objective on DTE Energy from $142.00 to $151.00 and gave the company a "buy" rating in a report on Friday. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Wells Fargo & Company raised their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Guggenheim boosted 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, DTE Energy currently has an average rating of "Moderate Buy" and a consensus target price of $140.93.

DTE Energy Price Performance

NYSE:DTE traded up $1.79 during trading hours on Friday, hitting $136.41. The company's stock had a trading volume of 1,069,005 shares, compared to its average volume of 1,249,378. The business's 50-day moving average is $134.80 and its two-hundred day moving average is $127.85. The company has a market capitalization of $28.31 billion, a PE ratio of 20.15, a PEG ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a 52-week low of $108.40 and a 52-week high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 11.27% and a return on equity of 12.42%. During the same period last year, the company earned $1.67 EPS. As a group, research analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio is currently 58.92%.

DTE Energy 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.