Lakeshore Financial Planning Inc. Buys 225 Shares of DTE Energy (NYSE:DTE)

Lakeshore Financial Planning Inc. lifted its stake in DTE Energy (NYSE:DTE) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,752 shares of the utilities provider’s stock after acquiring an additional 225 shares during the period. DTE Energy makes up 0.3% of Lakeshore Financial Planning Inc.’s holdings, making the stock its 25th biggest holding. Lakeshore Financial Planning Inc.’s holdings in DTE Energy were worth $695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC raised its stake in shares of DTE Energy by 9.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,362 shares of the utilities provider’s stock valued at $560,000 after purchasing an additional 367 shares during the period. Empowered Funds LLC raised its stake in shares of DTE Energy by 9.3% in the 3rd quarter. Empowered Funds LLC now owns 3,028 shares of the utilities provider’s stock valued at $389,000 after purchasing an additional 258 shares during the period. Natixis Advisors LLC raised its stake in shares of DTE Energy by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 99,022 shares of the utilities provider’s stock valued at $12,715,000 after purchasing an additional 2,170 shares during the period. Quest Partners LLC raised its stake in shares of DTE Energy by 21,380.0% in the 3rd quarter. Quest Partners LLC now owns 1,074 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 1,069 shares during the period. Finally, Pathstone Holdings LLC raised its stake in shares of DTE Energy by 2.8% in the 3rd quarter. Pathstone Holdings LLC now owns 20,173 shares of the utilities provider’s stock valued at $2,592,000 after purchasing an additional 549 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DTE. BMO Capital Markets lifted their price target on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Scotiabank lifted their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.82.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $136.81 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.41 and a beta of 0.59. The company’s fifty day moving average is $127.02 and its 200 day moving average is $124.79. DTE Energy has a twelve month low of $103.06 and a twelve month high of $137.03.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Sell-side analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.19%. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

Insider Buying and Selling at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction on Monday, February 24th. The stock was 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 owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,877 shares of company stock worth $1,559,205. Insiders own 0.61% of the company’s stock.

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.