DTE Energy (NYSE:DTE) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,159,336 shares of the utilities provider's stock after buying an additional 25,786 shares during the period. Royal Bank of Canada owned approximately 0.56% of DTE Energy worth $139,990,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DTE. Barclays PLC grew its stake in DTE Energy by 11.9% during the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock valued at $96,961,000 after purchasing an additional 80,543 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in DTE Energy by 4.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,424 shares of the utilities provider's stock valued at $1,621,000 after buying an additional 521 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in DTE Energy by 18.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,515 shares of the utilities provider's stock valued at $304,000 after buying an additional 399 shares during the last quarter. Merit Financial Group LLC increased its holdings in DTE Energy by 182.4% in the 4th quarter. Merit Financial Group LLC now owns 5,143 shares of the utilities provider's stock worth $621,000 after buying an additional 3,322 shares during the period. Finally, HB Wealth Management LLC raised its position in DTE Energy by 34.1% during the 4th quarter. HB Wealth Management LLC now owns 3,694 shares of the utilities provider's stock worth $446,000 after buying an additional 940 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DTE shares. BMO Capital Markets upped their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Evercore ISI boosted their target price on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Guggenheim increased their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Wells Fargo & Company lifted their price objective on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.31.

DTE Energy Stock Up 1.4%

Shares of DTE opened at $138.19 on Monday. The firm has a market cap of $28.68 billion, a P/E ratio of 20.41, a PEG ratio of 2.41 and a beta of 0.47. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39. The stock's 50 day moving average is $134.53 and its two-hundred day moving average is $127.30. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

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, beating analysts' consensus estimates of $1.98 by $0.12. The firm 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 quarter last year, the company earned $1.67 EPS. Analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.16%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Insider Activity at DTE Energy

In related 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 directly owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This represents a 33.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by corporate 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.

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