Discipline Wealth Solutions LLC Invests $271,000 in DTE Energy (NYSE:DTE)

Discipline Wealth Solutions LLC purchased a new stake in DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,246 shares of the utilities provider's stock, valued at approximately $271,000.

Several other large investors have also added to or reduced their stakes in the business. Capital World Investors increased its stake in DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after buying an additional 3,766,221 shares during the last quarter. Vanguard Group Inc. increased its stake in DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after buying an additional 879,670 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in DTE Energy by 1,794.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after buying an additional 871,978 shares during the last quarter. AQR Capital Management LLC increased its position in DTE Energy by 750.0% in the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after buying an additional 851,169 shares during the last quarter. Finally, Invesco Ltd. increased its position in DTE Energy by 50.2% in the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after buying an additional 822,854 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Up 0.7%

DTE traded up $0.96 during trading on Thursday, hitting $135.94. The stock had a trading volume of 1,022,900 shares, compared to its average volume of 1,249,007. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39. The stock has a 50 day simple moving average of $134.76 and a two-hundred day simple moving average of $128.10. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market capitalization of $28.21 billion, a PE ratio of 20.08, a PEG ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data 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. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. On average, research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup reissued a "buy" rating and issued a $151.00 target price (up from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Guggenheim upped 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. Evercore ISI lifted their price objective on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price target on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $140.93.

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.