DTE Energy (NYSE:DTE) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC lifted its holdings in shares of DTE Energy (NYSE:DTE) by 20.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,586 shares of the utilities provider’s stock after buying an additional 2,614 shares during the period. Larson Financial Group LLC’s holdings in DTE Energy were worth $1,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy during the 3rd quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy during the third quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy during the third quarter worth approximately $35,000. Versant Capital Management Inc increased its position in DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new position in DTE Energy during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 0.7 %

NYSE:DTE opened at $131.46 on Friday. The firm has a market cap of $27.24 billion, a P/E ratio of 19.42, a PEG ratio of 2.41 and a beta of 0.59. 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 stock’s 50 day simple moving average is $124.61 and its 200-day simple moving average is $124.16. DTE Energy has a 12-month low of $103.06 and a 12-month high of $136.28.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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%. Equities analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.32%. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

Analyst Ratings Changes

Several research analysts have commented on the company. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Morgan Stanley cut their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets lifted their price target on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $135.67.

Insider Activity at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy 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 sale, the chief accounting officer now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred 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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last three months. 0.61% of the stock is currently 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.