Ieq Capital LLC Grows Stock Holdings in DTE Energy (NYSE:DTE)

Ieq Capital LLC raised its stake in shares of DTE Energy (NYSE:DTE) by 1,044.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,696 shares of the utilities provider’s stock after buying an additional 34,403 shares during the quarter. Ieq Capital LLC’s holdings in DTE Energy were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in DTE Energy during the third quarter valued at approximately $30,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy in the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new position in DTE Energy in the third quarter worth approximately $35,000. Versant Capital Management Inc grew its holdings in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in DTE Energy during the third quarter valued at approximately $39,000. 76.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DTE shares. Barclays downgraded 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. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Finally, UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $135.67.

DTE Energy Stock Up 0.6 %

DTE opened at $131.98 on Friday. DTE Energy has a one year low of $103.06 and a one year high of $132.88. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The business’s fifty day moving average is $122.15 and its two-hundred day moving average is $123.36. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.40 and a beta of 0.68.

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, 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%. Analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, March 17th. DTE Energy’s payout ratio is currently 64.40%.

Insider Activity at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

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.