O Shaughnessy Asset Management LLC Raises Holdings in DTE Energy (NYSE:DTE)

O Shaughnessy Asset Management LLC boosted its stake in shares of DTE Energy (NYSE:DTE) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,734 shares of the utilities provider’s stock after acquiring an additional 7,341 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in DTE Energy were worth $5,885,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DTE. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy during the 3rd quarter valued at approximately $30,000. Versant Capital Management Inc increased its holdings in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. Robbins Farley acquired a new position in shares of DTE Energy in the fourth quarter worth about $57,000. Kestra Investment Management LLC purchased a new stake in shares of DTE Energy during the 4th quarter worth about $57,000. Finally, AdvisorNet Financial Inc grew its position in shares of DTE Energy by 81.5% during the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 313 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the 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 completion of the transaction, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DTE shares. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Guggenheim upped their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.58.

DTE Energy Trading Down 0.2 %

DTE opened at $137.98 on Wednesday. The firm has a market capitalization of $28.63 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company’s 50 day simple moving average is $129.42 and its two-hundred day simple moving average is $125.44. DTE Energy has a 1-year low of $103.06 and a 1-year high of $139.05. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data 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 return on equity of 12.42% and a net margin of 11.27%. Analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given 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 3.16%. DTE Energy’s payout ratio is 64.40%.

DTE Energy Company 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.