DTE Energy (NYSE:DTE) Shares Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC increased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,549 shares of the utilities provider's stock after purchasing an additional 11,348 shares during the quarter. Applied Finance Capital Management LLC owned 0.05% of DTE Energy worth $11,638,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DTE. MV Capital Management Inc. lifted its holdings in DTE Energy by 104.4% in the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 143 shares during the period. Milestone Investment Advisors LLC purchased a new stake in DTE Energy during the third quarter worth $36,000. Authentikos Wealth Advisory LLC purchased a new stake in DTE Energy during the third quarter worth $43,000. Principal Securities Inc. acquired a new stake in DTE Energy during the fourth quarter valued at $54,000. Finally, Cullen Frost Bankers Inc. increased its holdings in DTE Energy by 17.0% in the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider's stock valued at $70,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

NYSE DTE traded down $0.18 during trading hours on Friday, hitting $116.60. 791,493 shares of the company's stock traded hands, compared to its average volume of 1,019,549. The company has a market capitalization of $24.13 billion, a PE ratio of 19.08, a PEG ratio of 2.91 and a beta of 0.64. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54. DTE Energy has a 52-week low of $90.14 and a 52-week high of $117.17. The firm's 50-day moving average is $110.63 and its 200-day moving average is $107.96.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The company had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.81 billion. Equities analysts forecast that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.50%. DTE Energy's payout ratio is 66.78%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DTE shares. Barclays lifted their price target on DTE Energy from $115.00 to $119.00 and gave the company an "overweight" rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. increased their target price on DTE Energy from $118.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Scotiabank cut their price target on shares of DTE Energy from $129.00 to $120.00 and set a "sector outperform" rating for the company in a report on Monday, April 22nd. TheStreet upgraded shares of DTE Energy from a "c+" rating to a "b-" rating in a research report on Friday, March 15th. Finally, Morgan Stanley lifted their target price on shares of DTE Energy from $108.00 to $109.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

Insider Activity at DTE Energy

In other news, CAO Tracy J. Myrick sold 600 shares of the firm's stock in a transaction that occurred 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 owns 3,462 shares in the company, valued at approximately $370,572.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DTE Energy news, COO Robert A. Richard sold 4,800 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total value of $514,800.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Tracy J. Myrick sold 600 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction of $64,224.00. Following the transaction, the chief accounting officer now directly owns 3,462 shares of the company's stock, valued at approximately $370,572.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,245 shares of company stock valued at $2,702,701. 0.61% of the stock is owned by company insiders.

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.