Calton & Associates Inc. Makes New Investment in DTE Energy Company $DTE

Key Points

• Calton & Associates Inc. has acquired a new position in DTE Energy, purchasing 2,126 shares valued at approximately $294,000 during the first quarter.
• DTE Energy recently announced a quarterly dividend of $1.09 per share, resulting in an annualized yield of 3.2%, with a payout ratio of 62.73%.
• Analysts have given DTE Energy a consensus rating of "Moderate Buy" with a current price target of $143.38, reflecting growing institutional interest in the stock.

Calton & Associates Inc. acquired a new position in DTE Energy Company (NYSE:DTE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,126 shares of the utilities provider's stock, valued at approximately $294,000.

Several other institutional investors and hedge funds have also bought and sold shares of DTE. Aptus Capital Advisors LLC lifted its holdings in DTE Energy by 10.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,923 shares of the utilities provider's stock worth $355,000 after buying an additional 266 shares during the period. BNP Paribas Financial Markets lifted its holdings in DTE Energy by 60.8% in the 4th quarter. BNP Paribas Financial Markets now owns 382,778 shares of the utilities provider's stock worth $46,220,000 after buying an additional 144,780 shares during the period. Captrust Financial Advisors lifted its holdings in DTE Energy by 57.1% in the 4th quarter. Captrust Financial Advisors now owns 17,339 shares of the utilities provider's stock worth $2,094,000 after buying an additional 6,301 shares during the period. Cetera Investment Advisers lifted its stake in shares of DTE Energy by 2.1% in the 4th quarter. Cetera Investment Advisers now owns 30,038 shares of the utilities provider's stock valued at $3,627,000 after purchasing an additional 622 shares during the period. Finally, Capitolis Liquid Global Markets LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at approximately $14,128,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DTE. JPMorgan Chase & Co. raised 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. Morgan Stanley set a $140.00 target price on DTE Energy and gave the company an "overweight" rating in a research note on Thursday, August 21st. BMO Capital Markets raised their target price on DTE Energy from $140.00 to $144.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Finally, Barclays raised 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. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.38.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the transaction, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

DTE Energy Stock Up 0.0%

NYSE:DTE traded up $0.03 during trading hours on Friday, reaching $136.44. 975,961 shares of the company traded hands, compared to its average volume of 988,229. The business's 50-day moving average price is $136.78 and its two-hundred day moving average price is $135.04. The stock has a market capitalization of $28.32 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.71 and a beta of 0.42. DTE Energy Company has a 1 year low of $115.59 and a 1 year 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.

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

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a yield of 3.2%. DTE Energy's payout ratio is presently 62.73%.

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.