3,058 Shares in DTE Energy (NYSE:DTE) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new stake in shares of 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. The fund purchased 3,058 shares of the utilities provider's stock, valued at approximately $369,000.

Several other large investors have also bought and sold shares of DTE. Barclays PLC boosted its position in shares of DTE Energy by 11.9% in the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock worth $96,961,000 after purchasing an additional 80,543 shares in the last quarter. AdvisorNet Financial Inc grew 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 worth $84,000 after buying an additional 313 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in DTE Energy by 4.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 13,424 shares of the utilities provider's stock valued at $1,621,000 after purchasing an additional 521 shares during the last quarter. Hennessy Advisors Inc. boosted its position in DTE Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 53,304 shares of the utilities provider's stock valued at $6,436,000 after buying an additional 1,400 shares during the period. Finally, Procyon Advisors LLC lifted its position in shares of DTE Energy by 5.6% in the 4th quarter. Procyon Advisors LLC now owns 11,498 shares of the utilities provider's stock worth $1,388,000 after purchasing an additional 614 shares during the period. 76.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on DTE shares. Wells Fargo & Company upped their price target 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. Morgan Stanley lowered their price objective on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a report on Thursday. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Guggenheim boosted their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Finally, Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.15.

DTE Energy Stock Performance

Shares of NYSE DTE traded down $1.07 during midday trading on Thursday, hitting $135.04. The company's stock had a trading volume of 387,406 shares, compared to its average volume of 1,408,412. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The firm's fifty day moving average price is $134.80 and its 200-day moving average price is $127.56. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The firm has a market cap of $28.02 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. The firm 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 in the previous year, the business posted $1.67 EPS. On average, sell-side analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, June 16th. DTE Energy's dividend payout ratio is currently 58.92%.

Insider Transactions at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.