HighPoint Advisor Group LLC Purchases Shares of 14,173 DTE Energy (NYSE:DTE)

HighPoint Advisor Group LLC purchased a new position in shares of DTE Energy (NYSE:DTE) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,173 shares of the utilities provider’s stock, valued at approximately $1,537,000.

Several other hedge funds have also recently made changes to their positions in the business. MV Capital Management Inc. grew its stake in DTE Energy by 104.4% during the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares during the period. Creekmur Asset Management LLC bought a new position in shares of DTE Energy during the 4th quarter worth approximately $53,000. Principal Securities Inc. acquired a new stake in shares of DTE Energy during the 4th quarter worth approximately $54,000. Quarry LP bought a new stake in shares of DTE Energy in the 4th quarter valued at $63,000. Finally, Hexagon Capital Partners LLC lifted its position in shares of DTE Energy by 533.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 651 shares during the period. 76.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DTE has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. upped their price target on DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. KeyCorp raised their price objective on DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Barclays upped their target price on DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $115.44.

DTE Energy Stock Down 0.2 %

DTE stock opened at $110.57 on Wednesday. The stock has a market cap of $22.88 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.04 and a beta of 0.67. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The stock’s fifty day simple moving average is $112.15 and its two-hundred day simple moving average is $109.80. DTE Energy has a 1-year low of $90.14 and a 1-year high of $117.44.

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

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.69%. DTE Energy’s payout ratio is currently 66.78%.

Insider Buying and Selling

In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the completion of the transaction, the insider now directly owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now directly owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the transaction, the vice president now owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,698 shares of company stock valued at $1,702,444. 0.28% of the stock is owned by company 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.