6,618 Shares in DTE Energy (NYSE:DTE) Bought by LMR Partners LLP

LMR Partners LLP purchased a new position in DTE Energy (NYSE:DTE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,618 shares of the utilities provider’s stock, valued at approximately $799,000.

A number of other hedge funds also recently modified their holdings of DTE. Robbins Farley bought a new position in shares of DTE Energy in the fourth quarter worth $57,000. Kestra Investment Management LLC bought a new position in shares of DTE Energy in the fourth quarter worth $57,000. Colonial Trust Co SC increased its position in shares of DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 608 shares during the period. AdvisorNet Financial Inc increased its position in shares of DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in shares of DTE Energy in the fourth quarter worth $87,000. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BMO Capital Markets raised their price target on DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research report on Monday, April 21st. Morgan Stanley raised their price objective on DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Evercore ISI raised their price objective on DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, Wells Fargo & Company raised their price objective on DTE Energy from $145.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $140.31.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 of the company’s stock, valued at approximately $446,535.04. The trade was a 22.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly owns 6,951 shares in the company, valued at approximately $900,571.56. This trade represents a 35.35% 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. 0.33% of the stock is currently owned by company insiders.

DTE Energy Stock Performance

Shares of DTE stock opened at $132.85 on Wednesday. The business’s 50-day moving average price is $134.29 and its 200-day moving average price is $127.06. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39. The firm has a market capitalization of $27.57 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.41 and a beta of 0.47. 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 (NYSE:DTE) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.12. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same period in the previous year, the firm earned $1.67 earnings per share. Equities research analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy’s dividend payout ratio (DPR) is presently 58.92%.

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.