Global Retirement Partners LLC Has $69,000 Stock Holdings in DTE Energy (NYSE:DTE)

Global Retirement Partners LLC decreased its position in shares of DTE Energy (NYSE:DTE) by 31.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 571 shares of the utilities provider’s stock after selling 264 shares during the period. Global Retirement Partners LLC’s holdings in DTE Energy were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy during the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in DTE Energy in the 3rd quarter valued at approximately $35,000. Prospera Private Wealth LLC bought a new position in DTE Energy in the 3rd quarter valued at approximately $35,000. Versant Capital Management Inc lifted its stake in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new position in DTE Energy in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 1.5 %

DTE opened at $133.76 on Friday. DTE Energy has a twelve month low of $103.06 and a twelve month high of $134.11. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The company has a fifty day moving average of $123.47 and a 200-day moving average of $123.80. The stock has a market cap of $27.72 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. On average, sell-side analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley dropped their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets raised their price target on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $135.67.

Insider Transactions at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock worth $1,559,205 over the last three months. 0.61% of the stock is owned by company insiders.

About DTE Energy

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.