Private Trust Co. NA Purchases 183 Shares of DTE Energy (NYSE:DTE)

Private Trust Co. NA lifted its position in shares of DTE Energy (NYSE:DTE) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,282 shares of the utilities provider’s stock after acquiring an additional 183 shares during the period. Private Trust Co. NA’s holdings in DTE Energy were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy during the third quarter valued at approximately $30,000. Prospera Private Wealth LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth $35,000. Versant Capital Management Inc lifted its position in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co acquired a new stake in DTE Energy in the third quarter valued at about $39,000. Institutional investors own 76.06% of the company’s stock.

Insider Activity

In other news, COO Matthew T. Paul sold 3,801 shares of the business’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 transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $900,571.56. The trade was a 35.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now 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. In the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.61% of the stock is currently owned by insiders.

DTE Energy Stock Up 1.1 %

Shares of NYSE:DTE opened at $135.20 on Tuesday. The firm has a market cap of $28.02 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.41 and a beta of 0.68. DTE Energy has a 12-month low of $103.06 and a 12-month high of $135.24. The business has a fifty day simple moving average of $123.77 and a 200 day simple moving average of $123.93. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last issued 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 return on equity of 12.42% and a net margin of 11.27%. Analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio is currently 64.40%.

Analysts Set New Price Targets

Several research analysts have commented on DTE shares. Barclays downgraded 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. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Morgan Stanley cut their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Guggenheim upgraded 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 assigned a buy rating to the company’s stock. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $135.67.

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.