Capital International Sarl Makes New Investment in DTE Energy (NYSE:DTE)

Capital International Sarl bought a new position in shares of DTE Energy (NYSE:DTE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,138 shares of the utilities provider’s stock, valued at approximately $500,000.

Several other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares in the last quarter. Robbins Farley acquired a new position in shares of DTE Energy during the fourth quarter valued at $57,000. Kestra Investment Management LLC bought a new position in DTE Energy in the fourth quarter valued at about $57,000. AdvisorNet Financial Inc increased its position in DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new stake in DTE Energy in the fourth quarter worth about $87,000. 76.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DTE. BMO Capital Markets raised their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Guggenheim lifted their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Morgan Stanley raised their target price on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $138.58.

Insider Buying and Selling at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the transaction, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their position. The sale was disclosed in a legal filing 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 that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now owns 3,437 shares in the company, valued at $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 have sold 11,877 shares of company stock valued at $1,559,205 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

DTE Energy Price Performance

Shares of DTE opened at $133.33 on Friday. The stock has a 50 day simple moving average of $132.66 and a 200 day simple moving average of $126.02. DTE Energy has a 52-week low of $107.88 and a 52-week high of $140.39. 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 firm has a market capitalization of $27.67 billion, a PE ratio of 19.69, a P/E/G ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Sell-side analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

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.