356,626 Shares in DTE Energy (NYSE:DTE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of DTE Energy (NYSE:DTE) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 356,626 shares of the utilities provider’s stock, valued at approximately $43,063,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. Barclays PLC grew its stake in DTE Energy by 11.9% in the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider’s stock valued at $96,961,000 after buying an additional 80,543 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of DTE Energy by 21.0% in the third quarter. Sanctuary Advisors LLC now owns 30,220 shares of the utilities provider’s stock worth $3,765,000 after buying an additional 5,243 shares in the last quarter. World Investment Advisors LLC purchased a new position in DTE Energy during the third quarter worth about $269,000. Arvest Bank Trust Division bought a new position in DTE Energy in the 3rd quarter worth about $10,338,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in DTE Energy in the third quarter valued at approximately $155,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $133.00 on Wednesday. The business has a fifty day simple moving average of $132.10 and a two-hundred day simple moving average of $125.93. The firm has a market capitalization of $27.60 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.41 and a beta of 0.49. 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 12 month low of $103.06 and a 12 month high of $140.39.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping 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 forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Monday, March 17th. DTE Energy’s payout ratio is 64.40%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Guggenheim raised their price target on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Morgan Stanley increased their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Finally, Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Five research 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, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $138.58.

Insider Transactions at DTE Energy

In other 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 transaction 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. This represents a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction dated Monday, February 24th. The stock was 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 owns 14,067 shares of the company’s stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. Insiders own 0.33% of the company’s stock.

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.