Mirae Asset Global Investments Co. Ltd. Grows Holdings in DTE Energy (NYSE:DTE)

Mirae Asset Global Investments Co. Ltd. raised its position in DTE Energy (NYSE:DTE - Free Report) by 25.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,737 shares of the utilities provider's stock after purchasing an additional 7,975 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in DTE Energy were worth $4,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in DTE Energy by 180.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 328 shares of the utilities provider's stock worth $36,000 after purchasing an additional 211 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of DTE Energy during the third quarter worth approximately $36,000. Compagnie Lombard Odier SCmA purchased a new position in shares of DTE Energy during the third quarter worth approximately $37,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of DTE Energy during the third quarter worth approximately $41,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of DTE Energy during the third quarter worth approximately $43,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Down 2.2 %

DTE traded down $2.31 during trading on Tuesday, hitting $103.21. The stock had a trading volume of 1,299,008 shares, compared to its average volume of 1,192,064. The company has a market capitalization of $21.36 billion, a PE ratio of 15.27, a PEG ratio of 2.64 and a beta of 0.64. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The stock has a 50 day simple moving average of $108.61 and a two-hundred day simple moving average of $105.55.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.01. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. During the same period last year, the firm earned $1.31 earnings per share. On average, research analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were paid a $1.02 dividend. The ex-dividend date was Friday, March 15th. This represents a $4.08 annualized dividend and a yield of 3.95%. DTE Energy's dividend payout ratio (DPR) is 60.36%.

Insider Buying and Selling at DTE Energy

In other news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $743,200.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares in the company, valued at $370,572.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at $743,200.92. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 over the last three months. Corporate insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of DTE Energy from $113.00 to $111.00 and set a "market perform" rating on the stock in a research report on Monday, February 12th. KeyCorp raised their target price on shares of DTE Energy from $106.00 to $117.00 and gave the stock an "overweight" rating in a research report on Thursday, January 4th. Barclays raised their target price on shares of DTE Energy from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday. Morgan Stanley raised their target price on shares of DTE Energy from $108.00 to $109.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Finally, Wolfe Research lowered shares of DTE Energy from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $114.33.

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.