DTE Energy (NYSE:DTE) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in DTE Energy (NYSE:DTE) by 17.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 48,734 shares of the utilities provider’s stock after purchasing an additional 7,341 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in DTE Energy were worth $5,885,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. ClearBridge Investments Ltd lifted its stake in DTE Energy by 10.1% during the fourth quarter. ClearBridge Investments Ltd now owns 598,401 shares of the utilities provider’s stock worth $72,257,000 after purchasing an additional 55,071 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of DTE Energy by 517.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 58,400 shares of the utilities provider’s stock valued at $7,067,000 after buying an additional 48,936 shares during the period. Schroder Investment Management Group lifted its stake in DTE Energy by 42.3% during the 4th quarter. Schroder Investment Management Group now owns 34,928 shares of the utilities provider’s stock worth $4,211,000 after acquiring an additional 10,384 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in DTE Energy by 0.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 101,451 shares of the utilities provider’s stock valued at $12,250,000 after acquiring an additional 655 shares during the period. Finally, Intrust Bank NA grew its position in DTE Energy by 2.5% in the 4th quarter. Intrust Bank NA now owns 8,329 shares of the utilities provider’s stock valued at $1,006,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Guggenheim increased their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, March 21st. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.58.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $900,571.56. This represents a 35.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. This represents 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 worth $1,559,205 in the last ninety days. 0.33% of the stock is owned by corporate insiders.

DTE Energy Stock Down 0.2 %

Shares of NYSE DTE opened at $137.98 on Wednesday. The business has a 50-day moving average of $129.42 and a two-hundred day moving average of $125.44. The company has a market capitalization of $28.63 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a 1 year low of $103.06 and a 1 year high of $139.05. 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) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. On average, analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

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.