SageView Advisory Group LLC Buys 487 Shares of DTE Energy (NYSE:DTE)

SageView Advisory Group LLC raised its stake in shares of DTE Energy (NYSE:DTE) by 12.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,267 shares of the utilities provider’s stock after purchasing an additional 487 shares during the quarter. SageView Advisory Group LLC’s holdings in DTE Energy were worth $515,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BTG Pactual Asset Management US LLC bought a new position in shares of DTE Energy during the fourth quarter worth $2,724,000. Sagespring Wealth Partners LLC bought a new position in shares of DTE Energy during the 4th quarter valued at about $351,000. Townsquare Capital LLC grew its position in shares of DTE Energy by 5.0% in the 4th quarter. Townsquare Capital LLC now owns 9,270 shares of the utilities provider’s stock valued at $1,119,000 after purchasing an additional 439 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of DTE Energy by 1.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 27,391 shares of the utilities provider’s stock valued at $3,306,000 after purchasing an additional 385 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of DTE Energy by 53.3% during the fourth quarter. Sterling Capital Management LLC now owns 12,648 shares of the utilities provider’s stock worth $1,527,000 after buying an additional 4,400 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 2.5 %

Shares of DTE stock opened at $133.10 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. DTE Energy has a 1 year low of $103.06 and a 1 year high of $140.39. The stock has a market cap of $27.62 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The stock has a 50 day simple moving average of $131.89 and a 200 day simple moving average of $125.88.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 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%. On average, research analysts predict that DTE Energy will post 7.18 earnings per share 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. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.28%. DTE Energy’s dividend payout ratio is currently 64.40%.

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction on 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 transaction, the chief operating officer now owns 6,951 shares in the company, 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, CAO Tracy J. Myrick sold 1,014 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,877 shares of company stock worth $1,559,205. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

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

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.