PFG Investments LLC Buys 7,764 Shares of DTE Energy (NYSE:DTE)

PFG Investments LLC grew its stake in DTE Energy (NYSE:DTE - Free Report) by 380.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,804 shares of the utilities provider's stock after acquiring an additional 7,764 shares during the period. PFG Investments LLC's holdings in DTE Energy were worth $1,099,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DTE. Capital Research Global Investors grew its holdings in DTE Energy by 1.9% during the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider's stock worth $2,308,076,000 after purchasing an additional 399,646 shares during the period. Ameriprise Financial Inc. grew its holdings in DTE Energy by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider's stock worth $509,081,000 after purchasing an additional 724,561 shares during the period. Boston Partners grew its holdings in DTE Energy by 66.8% during the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider's stock worth $280,247,000 after purchasing an additional 1,018,212 shares during the period. Invesco Ltd. grew its holdings in DTE Energy by 6.6% during the third quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider's stock worth $221,314,000 after purchasing an additional 137,960 shares during the period. Finally, Northern Trust Corp grew its holdings in DTE Energy by 1.5% during the third quarter. Northern Trust Corp now owns 1,923,222 shares of the utilities provider's stock worth $190,937,000 after purchasing an additional 27,891 shares during the period. Institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

DTE traded down $1.62 during trading on Friday, hitting $109.52. 1,247,739 shares of the stock traded hands, compared to its average volume of 1,158,886. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.77 and a beta of 0.64. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.60 and a quick ratio of 0.42. The business has a 50 day moving average price of $109.15 and a 200 day moving average price of $106.21.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.63%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. Equities research analysts forecast that DTE Energy will post 6.69 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, March 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.73%. DTE Energy's payout ratio is presently 66.78%.

Insiders Place Their Bets

In other DTE Energy news, COO Robert A. Richard sold 4,800 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the sale, the chief operating officer now owns 26,118 shares of the company's stock, valued at $2,801,155.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Joann Chavez sold 6,070 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the sale, the senior vice president now owns 16,667 shares of the company's stock, valued at $1,819,869.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Robert A. Richard sold 4,800 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the sale, the chief operating officer now directly owns 26,118 shares in the company, valued at approximately $2,801,155.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,095 shares of company stock valued at $2,168,183. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on DTE. TheStreet upgraded shares of DTE Energy from a "c+" rating to a "b-" rating in a research report on Friday, March 15th. KeyCorp raised their price objective 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 price objective on shares of DTE Energy from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. Wolfe Research downgraded shares of DTE Energy from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $118.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $115.10.

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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