DTE Energy (NYSE:DTE) Stock Holdings Boosted by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC boosted its position in DTE Energy (NYSE:DTE) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,986 shares of the utilities provider’s stock after purchasing an additional 1,255 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in DTE Energy were worth $964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the period. Capital World Investors lifted its stake in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after acquiring an additional 3,766,221 shares during the period. Geode Capital Management LLC increased its stake in shares of DTE Energy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider’s stock valued at $592,642,000 after acquiring an additional 115,270 shares during the period. Boston Partners raised its holdings in DTE Energy by 25.1% during the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock worth $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Finally, Invesco Ltd. lifted its position in DTE Energy by 50.2% in the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider’s stock worth $297,358,000 after purchasing an additional 822,854 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $136.35 on Friday. The company’s fifty day moving average is $133.83 and its two-hundred day moving average is $126.71. The company has a market cap of $28.29 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a 12-month low of $108.40 and a 12-month high of $140.39. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Equities analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were paid a $1.09 dividend. The ex-dividend date was Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.20%. DTE Energy’s dividend payout ratio is presently 64.40%.

Analyst Ratings Changes

DTE has been the topic of several research analyst reports. Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Wells Fargo & Company boosted their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday. Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. Evercore ISI lifted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.31.

Insiders Place Their Bets

In related news, COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock worth $1,559,205 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

DTE Energy Company 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.