Independent Advisor Alliance Has $1.08 Million Stock Holdings in DTE Energy (NYSE:DTE)

Independent Advisor Alliance raised its position in DTE Energy (NYSE:DTE) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,934 shares of the utilities provider’s stock after purchasing an additional 542 shares during the period. Independent Advisor Alliance’s holdings in DTE Energy were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the 3rd quarter valued at $30,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc grew its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. Coastline Trust Co bought a new stake in shares of DTE Energy during the 3rd quarter valued at $39,000. Finally, Robbins Farley bought a new stake in shares of DTE Energy during the 4th quarter valued at $57,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DTE shares. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Scotiabank upped their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus price target of $137.09.

DTE Energy Price Performance

Shares of DTE stock opened at $135.42 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The company has a market cap of $28.07 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.41 and a beta of 0.59. DTE Energy has a twelve month low of $103.06 and a twelve month high of $136.28. The business has a fifty day simple moving average of $125.78 and a 200 day simple moving average of $124.47.

DTE Energy (NYSE:DTE) last posted its earnings results 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, sell-side analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.22%. DTE Energy’s dividend payout ratio is presently 64.40%.

Insider Buying and Selling at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated 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 directly owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,877 shares of company stock worth $1,559,205. 0.28% of the stock is currently owned by 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.