Siemens Fonds Invest GmbH Takes $1 Million Position in DTE Energy (NYSE:DTE)

Siemens Fonds Invest GmbH purchased a new stake in DTE Energy (NYSE:DTE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,289 shares of the utilities provider's stock, valued at approximately $1,001,000.

A number of other hedge funds have also recently bought and sold shares of DTE. Robbins Farley bought a new stake in DTE Energy in the 4th quarter valued at $57,000. Kestra Investment Management LLC bought a new stake in DTE Energy in the 4th quarter valued at $57,000. Colonial Trust Co SC boosted its holdings in DTE Energy by 1,266.7% in the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 608 shares during the period. AdvisorNet Financial Inc boosted its holdings in DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new stake in DTE Energy in the 4th quarter valued at $87,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Trading Down 0.2%

Shares of NYSE DTE traded down $0.30 during mid-day trading on Tuesday, hitting $138.27. The company's stock had a trading volume of 762,917 shares, compared to its average volume of 1,237,654. The company's fifty day simple moving average is $134.67 and its 200-day simple moving average is $127.42. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The stock has a market cap of $28.69 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data 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 business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the firm earned $1.67 EPS. On average, sell-side analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's payout ratio is 58.92%.

Insider Buying and Selling

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. The trade was a 22.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy 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 in the company, valued at approximately $1,862,470.80. The trade was a 33.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 in the last 90 days. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of research reports. Guggenheim increased their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 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 report on Friday, May 2nd. BMO Capital Markets increased their target price on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. StockNews.com cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and an average price target of $140.31.

About DTE Energy

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.