Brookstone Capital Management bought a new position in shares of DTE Energy Co (NYSE:DTE) during the 4th quarter, HoldingsChannel reports. The fund bought 2,603 shares of the utilities provider’s stock, valued at approximately $285,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its holdings in shares of DTE Energy by 3.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 494,752 shares of the utilities provider’s stock worth $53,117,000 after purchasing an additional 15,317 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of DTE Energy by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 737,342 shares of the utilities provider’s stock worth $79,382,000 after purchasing an additional 16,125 shares in the last quarter. FDO Partners LLC acquired a new stake in shares of DTE Energy during the 3rd quarter worth $1,771,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of DTE Energy by 5.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,187 shares of the utilities provider’s stock worth $3,026,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in shares of DTE Energy during the 3rd quarter worth $411,000. 68.94% of the stock is currently owned by institutional investors.

Shares of DTE Energy Co (DTE) opened at $101.23 on Thursday. The firm has a market capitalization of $18,335.48, a PE ratio of 18.54, a P/E/G ratio of 2.94 and a beta of 0.14. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. DTE Energy Co has a 12 month low of $97.15 and a 12 month high of $116.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, March 19th will be paid a $0.8825 dividend. This represents a $3.53 annualized dividend and a yield of 3.49%. The ex-dividend date is Friday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 64.65%.

Several analysts have recently issued reports on the company. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Guggenheim reissued a “buy” rating and set a $121.00 target price on shares of DTE Energy in a report on Wednesday, January 3rd. Credit Suisse Group reduced their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. Bank of America assumed coverage on DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price on the stock. Finally, KeyCorp reissued a “buy” rating and set a $118.50 target price on shares of DTE Energy in a report on Friday, December 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. DTE Energy presently has a consensus rating of “Hold” and an average price target of $113.75.

In related news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $112.93, for a total value of $1,399,089.77. Following the sale, the chairman now directly owns 83,000 shares of the company’s stock, valued at $9,373,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

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DTE Energy Company Profile

DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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