OneDigital Investment Advisors LLC Has $464,000 Stock Position in DTE Energy (NYSE:DTE)

OneDigital Investment Advisors LLC cut its holdings in DTE Energy (NYSE:DTE) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,840 shares of the utilities provider’s stock after selling 522 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in DTE Energy were worth $464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors raised its holdings in shares of DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock valued at $823,905,000 after purchasing an additional 3,766,221 shares during the period. Vanguard Group Inc. grew its stake in shares of DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after acquiring an additional 879,670 shares in the last quarter. Invesco Ltd. lifted its position in shares of DTE Energy by 50.2% during the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider’s stock valued at $297,358,000 after purchasing an additional 822,854 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of DTE Energy by 196.7% in the 4th quarter. HITE Hedge Asset Management LLC now owns 964,919 shares of the utilities provider’s stock worth $116,514,000 after buying an additional 639,659 shares during the last quarter. Finally, Boston Partners grew its stake in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock valued at $350,150,000 after purchasing an additional 582,643 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 value of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last 90 days. 0.33% of the stock is currently owned by insiders.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $134.69 on Monday. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The company has a 50-day moving average price of $133.38 and a 200-day moving average price of $126.36. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, equities analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 3.24%. The ex-dividend date was Monday, March 17th. DTE Energy’s payout ratio is 64.40%.

Analyst Ratings Changes

DTE has been the subject of a number of recent research reports. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley raised their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Guggenheim increased their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Finally, BMO Capital Markets upped their target price on DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research note on Monday, April 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.17.

DTE Energy 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.