Johnson Financial Group Inc. Takes $1.04 Million Position in DTE Energy (NYSE:DTE)

Johnson Financial Group Inc. purchased a new stake in DTE Energy (NYSE:DTE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,704 shares of the utilities provider's stock, valued at approximately $1,043,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 267 shares in the last quarter. Robbins Farley purchased a new position in shares of DTE Energy in the 4th quarter valued at about $57,000. Kestra Investment Management LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at about $57,000. AdvisorNet Financial Inc increased its stake in shares of DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after purchasing an additional 313 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in DTE Energy in the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DTE. Barclays cut 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 report on Thursday, February 20th. BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Guggenheim lifted their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, Morgan Stanley lifted their price objective on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.17.

DTE Energy Trading Up 0.1 %

Shares of DTE stock traded up $0.14 during trading on Wednesday, hitting $136.90. 2,719,079 shares of the stock traded hands, compared to its average volume of 1,208,206. The firm has a market capitalization of $28.41 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. 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's fifty day moving average price is $133.60 and its 200-day moving average price is $126.51. 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 released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, research analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy's payout ratio is presently 64.40%.

Insider Activity

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is currently owned by company insiders.

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.