PharVision Advisers LLC Takes Position in DTE Energy (NYSE:DTE)

PharVision Advisers LLC acquired a new position in shares of DTE Energy (NYSE:DTE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,208 shares of the utilities provider's stock, valued at approximately $629,000. DTE Energy makes up 0.5% of PharVision Advisers LLC's investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of DTE Energy by 11.9% during the third quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock worth $96,961,000 after buying an additional 80,543 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in DTE Energy by 18.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,515 shares of the utilities provider's stock worth $304,000 after acquiring an additional 399 shares during the last quarter. Merit Financial Group LLC grew its stake in DTE Energy by 182.4% in the 4th quarter. Merit Financial Group LLC now owns 5,143 shares of the utilities provider's stock worth $621,000 after acquiring an additional 3,322 shares during the period. HB Wealth Management LLC grew its stake in DTE Energy by 34.1% in the 4th quarter. HB Wealth Management LLC now owns 3,694 shares of the utilities provider's stock worth $446,000 after acquiring an additional 940 shares during the period. Finally, UMB Bank n.a. raised its holdings in DTE Energy by 1,547.6% in the 4th quarter. UMB Bank n.a. now owns 8,963 shares of the utilities provider's stock valued at $1,082,000 after acquiring an additional 8,419 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

DTE opened at $138.27 on Wednesday. DTE Energy has a 52-week low of $108.40 and a 52-week high of $140.39. The company has a 50 day moving average of $134.78 and a two-hundred day moving average of $127.50. The company has a market cap 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. 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 (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the company earned $1.67 EPS. On average, analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, June 16th. DTE Energy's dividend payout ratio is presently 58.92%.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. This represents a 33.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DTE. Evercore ISI raised their price objective on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley increased their target price on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Wells Fargo & Company upped their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, 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 report on Friday, March 21st. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.31.

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.

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