Paradigm Asset Management Co. LLC Purchases New Position in DTE Energy (NYSE:DTE)

Paradigm Asset Management Co. LLC purchased a new stake in DTE Energy (NYSE:DTE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,200 shares of the utilities provider’s stock, valued at approximately $1,352,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ieq Capital LLC increased its stake in DTE Energy by 1,044.7% in the 4th quarter. Ieq Capital LLC now owns 37,696 shares of the utilities provider’s stock valued at $4,552,000 after buying an additional 34,403 shares during the last quarter. Private Advisor Group LLC increased its stake in DTE Energy by 3.9% in the 4th quarter. Private Advisor Group LLC now owns 15,525 shares of the utilities provider’s stock valued at $1,875,000 after buying an additional 577 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in DTE Energy by 2.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,261 shares of the utilities provider’s stock valued at $756,000 after buying an additional 132 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in DTE Energy in the 4th quarter valued at about $57,000. Finally, Venturi Wealth Management LLC increased its stake in DTE Energy by 3.0% in the 4th quarter. Venturi Wealth Management LLC now owns 4,725 shares of the utilities provider’s stock valued at $571,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

DTE Energy Stock Up 0.5 %

Shares of NYSE:DTE opened at $131.07 on Friday. The firm has a fifty day moving average price of $121.93 and a two-hundred day moving average price of $123.27. 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 has a one year low of $103.06 and a one year high of $131.84. The company has a market cap of $27.16 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.40 and a beta of 0.68.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is currently 64.40%.

Wall Street Analyst Weigh In

DTE has been the subject of several analyst reports. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday. BMO Capital Markets raised their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $137.00 to $135.00 in a research note on Thursday. Finally, Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $135.67.

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.