DTE Energy (NYSE:DTE) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in DTE Energy (NYSE:DTE - Free Report) by 59.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,906 shares of the utilities provider's stock after acquiring an additional 24,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in DTE Energy were worth $7,958,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Robbins Farley bought a new position in shares of DTE Energy in the 4th quarter valued at about $57,000. Kestra Investment Management LLC bought a new position in shares of DTE Energy in the 4th quarter valued at about $57,000. Colonial Trust Co SC lifted its holdings in shares of DTE Energy by 1,266.7% in the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after acquiring an additional 608 shares during the last quarter. AdvisorNet Financial Inc raised its position in DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new stake in DTE Energy in the 4th quarter worth about $87,000. Institutional investors own 76.06% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on DTE shares. Evercore ISI increased their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Guggenheim increased their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Citigroup increased their price objective on shares of DTE Energy from $142.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company increased their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.93.

Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

DTE Energy Stock Up 1.3%

DTE stock traded up $1.79 during trading on Friday, hitting $136.41. 1,069,005 shares of the company's stock traded hands, compared to its average volume of 1,247,026. The firm has a market capitalization of $28.31 billion, a P/E ratio of 20.15, a PEG ratio of 2.41 and a beta of 0.47. The business has a fifty day simple moving average of $134.80 and a two-hundred day simple moving average of $127.74. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 1 year low of $108.40 and a 1 year high of $140.39.

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 (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.12. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same period last year, the company posted $1.67 earnings per share. Sell-side analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.20%. The ex-dividend date is Monday, June 16th. DTE Energy's payout ratio is 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.