ProShare Advisors LLC Buys 4,504 Shares of DTE Energy (NYSE:DTE)

ProShare Advisors LLC lifted its position in shares of DTE Energy (NYSE:DTE - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,392 shares of the utilities provider's stock after buying an additional 4,504 shares during the quarter. ProShare Advisors LLC's holdings in DTE Energy were worth $5,360,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Robbins Farley acquired a new stake in shares of DTE Energy during the fourth quarter worth $57,000. Kestra Investment Management LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth $57,000. Colonial Trust Co SC increased its position in shares of DTE Energy by 1,266.7% during 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 during the period. Flagship Wealth Advisors LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth $87,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth $88,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was 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. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DTE shares. BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Citigroup raised their price target on shares of DTE Energy from $142.00 to $151.00 and gave the stock a "buy" rating in a report on Friday. 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, Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.93.

DTE Energy Stock Up 1.3%

Shares of DTE Energy stock traded up $1.79 during trading hours on Friday, reaching $136.41. The company's stock had a trading volume of 1,069,005 shares, compared to its average volume of 1,249,378. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The company has a market capitalization of $28.31 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.41 and a beta of 0.47. The stock's fifty day simple moving average is $134.80 and its two-hundred day simple moving average is $127.78. 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 (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating 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 firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the firm earned $1.67 earnings per share. On average, research analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio (DPR) is 58.92%.

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.