Advisory Alpha LLC bought a new stake in shares of DTE Energy Co (NYSE:DTE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,505 shares of the utilities provider’s stock, valued at approximately $186,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its stake in shares of DTE Energy by 0.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 792,012 shares of the utilities provider’s stock valued at $98,796,000 after buying an additional 4,155 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of DTE Energy by 9.9% during the 1st quarter. Wealthfront Advisers LLC now owns 16,918 shares of the utilities provider’s stock valued at $2,110,000 after buying an additional 1,521 shares in the last quarter. O Shares Investment Advisers LLC lifted its stake in shares of DTE Energy by 3.0% during the 1st quarter. O Shares Investment Advisers LLC now owns 9,042 shares of the utilities provider’s stock valued at $1,128,000 after buying an additional 264 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of DTE Energy during the 1st quarter valued at approximately $1,100,000. Finally, Tyers Asset Management LLC lifted its stake in shares of DTE Energy by 62.2% during the 1st quarter. Tyers Asset Management LLC now owns 26,880 shares of the utilities provider’s stock valued at $3,353,000 after buying an additional 10,304 shares in the last quarter. 70.51% of the stock is owned by hedge funds and other institutional investors.
NYSE DTE opened at $127.62 on Wednesday. DTE Energy Co has a 1 year low of $94.80 and a 1 year high of $131.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.61 and a current ratio of 0.78. The company has a market capitalization of $23.56 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 3.44 and a beta of 0.26.
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 paid a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, June 14th. DTE Energy’s dividend payout ratio is presently 60.00%.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. KeyCorp assumed coverage on shares of DTE Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $136.00 price target on the stock. ValuEngine upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Credit Suisse Group set a $117.00 price target on shares of DTE Energy and gave the company a “sell” rating in a research note on Monday, April 22nd. Finally, UBS Group upped their price target on shares of DTE Energy from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. DTE Energy has an average rating of “Hold” and an average price target of $122.15.
In other DTE Energy news, VP Lisa A. Muschong sold 237 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $128.86, for a total value of $30,539.82. Following the sale, the vice president now directly owns 2,100 shares in the company, valued at approximately $270,606. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Oleksiak sold 1,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $125.25, for a total transaction of $187,875.00. Following the completion of the sale, the chief financial officer now owns 40,208 shares in the company, valued at $5,036,052. The disclosure for this sale can be found here. Insiders sold a total of 21,737 shares of company stock worth $2,744,715 over the last quarter. Corporate insiders own 0.55% of the company’s stock.
DTE Energy Profile
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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