New Age Alpha Advisors LLC Acquires 1,482 Shares of DTE Energy (NYSE:DTE)

New Age Alpha Advisors LLC boosted its holdings in shares of DTE Energy (NYSE:DTE) by 1,185.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,607 shares of the utilities provider’s stock after purchasing an additional 1,482 shares during the period. New Age Alpha Advisors LLC’s holdings in DTE Energy were worth $194,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in DTE Energy by 6.1% in the 3rd quarter. FMR LLC now owns 342,608 shares of the utilities provider’s stock valued at $43,994,000 after buying an additional 19,678 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of DTE Energy by 124.4% in the 3rd quarter. Edgestream Partners L.P. now owns 11,637 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 6,452 shares in the last quarter. Atom Investors LP increased its position in shares of DTE Energy by 33.2% during the 3rd quarter. Atom Investors LP now owns 2,540 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 633 shares in the last quarter. Benjamin Edwards Inc. bought a new position in DTE Energy during the 3rd quarter valued at about $279,000. Finally, Centiva Capital LP boosted its position in DTE Energy by 218.3% in the third quarter. Centiva Capital LP now owns 9,849 shares of the utilities provider’s stock valued at $1,265,000 after buying an additional 6,755 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.1 %

Shares of NYSE DTE opened at $138.12 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $28.66 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The firm’s 50-day moving average is $129.78 and its 200-day moving average is $125.53. DTE Energy has a 1 year low of $103.06 and a 1 year high of $139.05.

DTE Energy (NYSE:DTE) last released 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%. Equities analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s payout ratio is 64.40%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DTE. Guggenheim raised their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Scotiabank increased their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $138.58.

Insiders Place Their Bets

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $900,571.56. This trade represents a 35.35 % 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. 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.