SageView Advisory Group LLC Buys 1,580 Shares of DTE Energy (NYSE:DTE)

SageView Advisory Group LLC increased its stake in DTE Energy (NYSE:DTE) by 30.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,705 shares of the utilities provider’s stock after purchasing an additional 1,580 shares during the period. SageView Advisory Group LLC’s holdings in DTE Energy were worth $701,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DTE. MV Capital Management Inc. raised its stake in DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after buying an additional 143 shares during the period. Creekmur Asset Management LLC acquired a new stake in DTE Energy during the 4th quarter worth $53,000. Principal Securities Inc. acquired a new stake in DTE Energy during the 4th quarter worth $54,000. Quarry LP bought a new position in DTE Energy during the 4th quarter worth about $63,000. Finally, Hexagon Capital Partners LLC increased its holdings in DTE Energy by 533.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 651 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DTE. Morgan Stanley increased their target price on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays raised their price objective on DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. BMO Capital Markets raised their price objective on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. Finally, TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Hold” and a consensus price target of $115.44.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 41,921 shares in the company, valued at $4,862,836. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 41,921 shares in the company, valued at $4,862,836. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the transaction, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The disclosure for this sale can be found here. Insiders sold a total of 14,698 shares of company stock worth $1,702,444 over the last three months. Corporate insiders own 0.28% of the company’s stock.

DTE Energy Trading Down 0.3 %

Shares of DTE stock opened at $110.76 on Tuesday. The firm has a 50 day moving average price of $112.14 and a two-hundred day moving average price of $109.79. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $22.92 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.04 and a beta of 0.67. DTE Energy has a 12-month low of $90.14 and a 12-month high of $117.44.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. As a group, analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.08 annualized dividend and a yield of 3.68%. DTE Energy’s dividend payout ratio is currently 66.78%.

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.