Price T Rowe Associates Inc. MD Increases Stock Holdings in DTE Energy (NYSE:DTE)

Price T Rowe Associates Inc. MD increased its stake in DTE Energy (NYSE:DTE - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,523 shares of the utilities provider's stock after purchasing an additional 4,427 shares during the period. Price T Rowe Associates Inc. MD owned 0.15% of DTE Energy worth $37,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the period. Capital World Investors raised its stake in shares of DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after buying an additional 3,766,221 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after buying an additional 115,270 shares during the period. Boston Partners boosted its stake in shares of DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after buying an additional 582,643 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in DTE Energy by 50.2% during the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after acquiring an additional 822,854 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DTE. Guggenheim raised their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. Wells Fargo & Company increased their target price on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday. Evercore ISI lifted their price target on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Morgan Stanley upped their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and an average target price of $140.31.

DTE Energy Price Performance

Shares of NYSE DTE traded up $0.51 during trading on Friday, hitting $136.35. 709,895 shares of the company were exchanged, compared to its average volume of 1,210,909. The firm's fifty day moving average price is $133.83 and its 200 day moving average price is $126.70. 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 company has a market cap of $28.29 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.41 and a beta of 0.49. DTE Energy has a 1 year low of $108.40 and a 1 year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business posted $1.67 earnings per share. On average, sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were paid a $1.09 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.20%. DTE Energy's payout ratio is 64.40%.

Insider Buying and Selling at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the firm'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 completion of the transaction, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction on Wednesday, February 19th. The shares were 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 in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,877 shares of company stock worth $1,559,205. 0.33% of the stock is owned by corporate insiders.

DTE Energy 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.