Orion Portfolio Solutions LLC purchased a new position in shares of DTE Energy Co (NYSE:DTE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 966 shares of the utilities provider’s stock, valued at approximately $125,000.

A number of other large investors have also modified their holdings of the stock. Reilly Financial Advisors LLC acquired a new stake in shares of DTE Energy in the 4th quarter worth $26,000. Raab & Moskowitz Asset Management LLC acquired a new stake in shares of DTE Energy in the 4th quarter worth $31,000. Tarbox Family Office Inc. lifted its stake in shares of DTE Energy by 567.6% in the 4th quarter. Tarbox Family Office Inc. now owns 247 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 210 shares during the period. Resources Management Corp CT ADV acquired a new stake in shares of DTE Energy in the 3rd quarter worth $37,000. Finally, Pendal Group Ltd acquired a new stake in shares of DTE Energy in the 4th quarter worth $46,000. Hedge funds and other institutional investors own 72.32% of the company’s stock.

In other DTE Energy news, CFO Peter B. Oleksiak sold 1,800 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $134.94, for a total transaction of $242,892.00. Following the sale, the chief financial officer now directly owns 49,034 shares of the company’s stock, valued at approximately $6,616,647.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by company insiders.

Several research firms have recently commented on DTE. Credit Suisse Group raised their target price on shares of DTE Energy from $133.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Evercore ISI upgraded shares of DTE Energy from an “in-line” rating to an “outperform” rating and set a $139.00 target price for the company in a research note on Monday, January 27th. KeyCorp raised their target price on shares of DTE Energy from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Morgan Stanley cut their price target on shares of DTE Energy from $130.00 to $116.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Finally, UBS Group cut their price target on shares of DTE Energy from $150.00 to $126.00 and set a “buy” rating for the company in a report on Monday, March 16th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $134.75.

Shares of DTE traded up $5.96 during trading hours on Wednesday, reaching $92.48. The company had a trading volume of 2,236,787 shares, compared to its average volume of 1,685,252. The firm has a 50 day simple moving average of $115.45 and a 200-day simple moving average of $125.21. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.94 and a beta of 0.46. DTE Energy Co has a 12-month low of $71.21 and a 12-month high of $135.67.

DTE Energy (NYSE:DTE) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. DTE Energy had a net margin of 9.23% and a return on equity of 10.52%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the firm posted $0.91 EPS. Sell-side analysts forecast that DTE Energy Co will post 6.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.013 per share. The ex-dividend date is Friday, March 13th. This represents a $4.05 annualized dividend and a dividend yield of 4.38%. DTE Energy’s dividend payout ratio is currently 64.29%.

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

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