NorthRock Partners LLC Takes $305,000 Position in DTE Energy (NYSE:DTE)

NorthRock Partners LLC bought a new stake in DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,527 shares of the utilities provider's stock, valued at approximately $305,000.

Several other hedge funds also recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of DTE Energy by 16.0% during the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock valued at $293,000 after acquiring an additional 336 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of DTE Energy by 72.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after purchasing an additional 2,642 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of DTE Energy by 39.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after purchasing an additional 1,618 shares during the period. Patton Albertson Miller Group LLC boosted its holdings in shares of DTE Energy by 7.6% in the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after buying an additional 3,306 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of DTE Energy by 4.4% in the 4th quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock worth $1,139,000 after buying an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

Analysts Set New Price Targets

DTE has been the topic of several research reports. StockNews.com lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday. Evercore ISI upped their price objective on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Guggenheim boosted their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $140.31.

DTE Energy Price Performance

DTE stock traded down $0.30 during mid-day trading on Tuesday, reaching $138.27. 762,917 shares of the company traded hands, compared to its average volume of 1,237,654. 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 company has a market capitalization of $28.69 billion, a P/E ratio of 20.42, a P/E/G 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. The company has a fifty day moving average price of $134.67 and a 200-day moving average price of $127.42.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. The company had revenue of $3.37 billion during 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 business earned $1.67 earnings per share. As a group, analysts anticipate that DTE Energy will post 7.18 earnings per share 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 given a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.15%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Insider Buying and Selling

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $900,571.56. This trade represents a 35.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at $446,535.04. The trade was a 22.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,877 shares of company stock worth $1,559,205. Corporate insiders own 0.33% of the company's stock.

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.