Gladstone Institutional Advisory LLC Increases Position in DTE Energy (NYSE:DTE)

Gladstone Institutional Advisory LLC raised its position in DTE Energy (NYSE:DTE) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,305 shares of the utilities provider’s stock after buying an additional 262 shares during the period. Gladstone Institutional Advisory LLC’s holdings in DTE Energy were worth $475,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DTE. MV Capital Management Inc. boosted its holdings in DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after buying an additional 143 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in DTE Energy in the 3rd quarter worth about $36,000. Authentikos Wealth Advisory LLC acquired a new stake in DTE Energy in the 3rd quarter worth about $43,000. Principal Securities Inc. acquired a new stake in DTE Energy in the 4th quarter worth about $54,000. Finally, Hexagon Capital Partners LLC boosted its holdings in DTE Energy by 533.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock worth $85,000 after buying an additional 651 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Robert A. Richard sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the sale, the chief operating officer now owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total value of $1,160,000.00. Following the sale, the chief operating officer now owns 41,921 shares of the company’s stock, valued at $4,862,836. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Robert A. Richard sold 4,800 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the sale, the chief operating officer now directly owns 26,118 shares in the company, valued at approximately $2,801,155.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

DTE Energy Trading Down 1.8 %

DTE opened at $115.06 on Thursday. DTE Energy has a one year low of $90.14 and a one year high of $117.44. The stock has a market capitalization of $23.81 billion, a PE ratio of 18.83, a P/E/G ratio of 2.13 and a beta of 0.64. The business’s 50 day moving average price is $110.90 and its 200 day moving average price is $108.33. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. As a group, equities research analysts expect that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Monday, June 17th. DTE Energy’s payout ratio is 66.78%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Morgan Stanley boosted their target price on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. BMO Capital Markets boosted their target price on DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. Finally, Scotiabank lowered their target price on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $116.30.

DTE Energy Company 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.