Icon Advisers Inc. Co. Sells 1,101 Shares of DTE Energy (NYSE:DTE)

Icon Advisers Inc. Co. lessened its holdings in DTE Energy (NYSE:DTE) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,099 shares of the utilities provider’s stock after selling 1,101 shares during the period. Icon Advisers Inc. Co.’s holdings in DTE Energy were worth $3,151,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC grew its position in DTE Energy by 16.7% in the fourth quarter. Mariner LLC now owns 48,256 shares of the utilities provider’s stock valued at $5,827,000 after acquiring an additional 6,896 shares during the period. SageView Advisory Group LLC lifted its holdings in DTE Energy by 12.9% during the 4th quarter. SageView Advisory Group LLC now owns 4,267 shares of the utilities provider’s stock valued at $515,000 after purchasing an additional 487 shares during the last quarter. BTG Pactual Asset Management US LLC acquired a new position in DTE Energy in the fourth quarter valued at about $2,724,000. Sagespring Wealth Partners LLC bought a new stake in DTE Energy during the fourth quarter worth about $351,000. Finally, Townsquare Capital LLC increased its holdings in shares of DTE Energy by 5.0% during the fourth quarter. Townsquare Capital LLC now owns 9,270 shares of the utilities provider’s stock worth $1,119,000 after buying an additional 439 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BMO Capital Markets increased their target price on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Guggenheim boosted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Morgan Stanley raised their price target on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.58.

Insider Activity

In other DTE Energy news, 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 completion of the sale, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last quarter. 0.33% of the stock is owned by corporate insiders.

DTE Energy Stock Up 0.7 %

Shares of NYSE:DTE opened at $129.59 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a 52-week low of $103.06 and a 52-week high of $140.39. The company has a market capitalization of $26.89 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The company has a fifty day moving average of $131.68 and a 200-day moving average of $125.84.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (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%. On average, equities analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 3.36%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s payout ratio is 64.40%.

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.