PharVision Advisers LLC Buys New Shares in DTE Energy (NYSE:DTE)

PharVision Advisers LLC purchased a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,208 shares of the utilities provider's stock, valued at approximately $629,000. DTE Energy accounts for about 0.5% of PharVision Advisers LLC's portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also bought and sold shares of the company. Robbins Farley bought a new position in DTE Energy in the 4th quarter valued at about $57,000. Kestra Investment Management LLC bought a new position in DTE Energy in the fourth quarter valued at approximately $57,000. Colonial Trust Co SC raised its position in DTE Energy by 1,266.7% during the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 608 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in DTE Energy during the fourth quarter valued at approximately $87,000. Finally, Catalyst Capital Advisors LLC bought a new stake in DTE Energy during the fourth quarter worth $88,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Trading Up 1.3%

Shares of NYSE DTE traded up $1.79 during trading on Monday, reaching $136.41. The company had a trading volume of 1,069,005 shares, compared to its average volume of 1,249,378. The stock has a market cap of $28.31 billion, a P/E ratio of 20.15, a PEG ratio of 2.41 and a beta of 0.47. The company's fifty day moving average price is $134.80 and its 200-day moving average price is $127.85. 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 12 month low of $108.40 and a 12 month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The business had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the business posted $1.67 earnings per share. As a group, research analysts expect that DTE Energy 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 Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.20%. DTE Energy's payout ratio is 58.92%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DTE. Morgan Stanley lowered their price target on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Guggenheim increased their target price 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. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, Citigroup restated a "buy" rating and issued a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.93.

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.