Advisory Services Network LLC Buys 658 Shares of DTE Energy (NYSE:DTE)

Advisory Services Network LLC increased its stake in shares of DTE Energy (NYSE:DTE) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,691 shares of the utilities provider’s stock after acquiring an additional 658 shares during the quarter. Advisory Services Network LLC’s holdings in DTE Energy were worth $1,774,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DTE. EP Wealth Advisors LLC grew its position in shares of DTE Energy by 73.6% during the third quarter. EP Wealth Advisors LLC now owns 3,150 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 1,336 shares in the last quarter. MML Investors Services LLC boosted its stake in DTE Energy by 14.6% during the third quarter. MML Investors Services LLC now owns 17,751 shares of the utilities provider’s stock valued at $2,279,000 after buying an additional 2,259 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in DTE Energy by 5.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 62,098 shares of the utilities provider’s stock valued at $7,974,000 after buying an additional 3,291 shares in the last quarter. Barclays PLC increased its stake in DTE Energy by 11.9% in the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider’s stock worth $96,961,000 after acquiring an additional 80,543 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in DTE Energy by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,978 shares of the utilities provider’s stock worth $507,000 after acquiring an additional 246 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. BMO Capital Markets lifted their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Guggenheim increased their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. Finally, Morgan Stanley boosted their price objective on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.58.

DTE Energy Trading Up 0.7 %

DTE opened at $129.59 on Friday. 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 stock’s 50 day moving average price is $131.68 and its 200-day moving average price is $125.84. DTE Energy has a one year low of $103.06 and a one year high of $140.39. The stock has a market cap of $26.89 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. On average, equities analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.36%. DTE Energy’s payout ratio is 64.40%.

Insider Activity at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last 90 days. 0.33% of the stock is owned by corporate insiders.

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.