Paradigm Asset Management Co. LLC Invests $1.35 Million in DTE Energy (NYSE:DTE)

Paradigm Asset Management Co. LLC purchased a new position in shares of DTE Energy (NYSE:DTE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,200 shares of the utilities provider’s stock, valued at approximately $1,352,000.

Other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after buying an additional 211,763 shares in the last quarter. Patton Albertson Miller Group LLC increased its holdings in shares of DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock worth $5,667,000 after buying an additional 3,306 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of DTE Energy by 80.0% during the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock worth $1,655,000 after buying an additional 5,725 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of DTE Energy during the third quarter worth $650,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of DTE Energy during the third quarter worth $583,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DTE. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets increased their price objective on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their price objective on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.67.

DTE Energy Price Performance

DTE stock opened at $131.07 on Friday. The stock has a market capitalization of $27.16 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.40 and a beta of 0.68. The company’s 50-day moving average is $121.93 and its 200-day moving average is $123.27. 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 has a 1 year low of $103.06 and a 1 year high of $131.84.

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

DTE Energy Dividend Announcement

The business 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 dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.33%. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

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.