MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 24,547 Shares of DTE Energy (NYSE:DTE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 59.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,906 shares of the utilities provider's stock after buying an additional 24,547 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in DTE Energy were worth $7,958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Robbins Farley bought a new stake in DTE Energy in the fourth quarter valued at $57,000. Kestra Investment Management LLC acquired a new stake in shares of DTE Energy in the 4th quarter valued at about $57,000. Colonial Trust Co SC increased its position in 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 buying an additional 608 shares in the last quarter. AdvisorNet Financial Inc raised its stake in DTE Energy by 81.5% during the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after buying an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in DTE Energy in the fourth quarter worth approximately $87,000. Institutional investors own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. StockNews.com downgraded DTE Energy from a "hold" rating to a "sell" rating in a report on Friday. BMO Capital Markets upped their price objective 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. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley upped their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Finally, Evercore ISI lifted their price target on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.31.

DTE Energy Stock Performance

Shares of NYSE DTE traded down $0.30 during mid-day trading on Tuesday, reaching $138.27. 762,917 shares of the company's stock were exchanged, compared to its average volume of 1,237,654. The firm has a 50-day moving average price of $134.67 and a two-hundred day moving average price of $127.42. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The firm has a market capitalization of $28.69 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate 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 posted $1.67 earnings per share. Analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.15%. DTE Energy's payout ratio is presently 58.92%.

Insider Activity

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 6,951 shares in the company, valued at approximately $900,571.56. The trade was a 35.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 in the last 90 days. Insiders own 0.33% of the company's stock.

About DTE Energy

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.