3,010 Shares in DTE Energy Company (NYSE:DTE) Purchased by Inscription Capital LLC

Inscription Capital LLC bought a new position in DTE Energy Company (NYSE:DTE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,010 shares of the utilities provider's stock, valued at approximately $416,000.

Several other large investors also recently added to or reduced their stakes in DTE. Mattson Financial Services LLC bought a new stake in shares of DTE Energy during the 4th quarter worth $38,000. Bank of New Hampshire bought a new stake in shares of DTE Energy during the 1st quarter worth $55,000. Kestra Investment Management LLC bought a new stake in shares of DTE Energy during the 4th quarter worth $57,000. Colonial Trust Co SC boosted its holdings in shares of DTE Energy by 1,266.7% during the 4th 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. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of DTE Energy during the 4th quarter worth $87,000. 76.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on DTE shares. Wells Fargo & Company upped their price objective 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. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. BMO Capital Markets upped their target price on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. Citigroup reiterated a "buy" rating and set a $151.00 target price (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Finally, Guggenheim upped their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.93.

DTE Energy Price Performance

Shares of DTE stock traded up $0.50 during mid-day trading on Friday, reaching $132.30. The company's stock had a trading volume of 1,604,686 shares, compared to its average volume of 1,267,289. DTE Energy Company has a 1-year low of $108.40 and a 1-year high of $140.39. The company has a market cap of $27.45 billion, a P/E ratio of 17.88, a PEG ratio of 2.40 and a beta of 0.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. The firm's 50-day moving average is $135.06 and its two-hundred day moving average is $129.48.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data 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. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The company had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the prior year, the company posted $1.67 EPS. On average, research analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's dividend payout ratio (DPR) 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.