Dean Capital Investments Management LLC Takes $1.03 Million Position in DTE Energy Co (DTE)
Dean Capital Investments Management LLC acquired a new position in shares of DTE Energy Co (NYSE:DTE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,387 shares of the utilities provider’s stock, valued at approximately $1,028,000.
A number of other large investors also recently bought and sold shares of the business. First Allied Advisory Services Inc. raised its position in DTE Energy by 0.4% during the second quarter. First Allied Advisory Services Inc. now owns 9,494 shares of the utilities provider’s stock worth $1,006,000 after acquiring an additional 38 shares during the period. D.A. Davidson & CO. raised its position in DTE Energy by 36.1% during the second quarter. D.A. Davidson & CO. now owns 1,497 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 397 shares during the period. Monroe Bank & Trust MI raised its position in shares of DTE Energy by 11.7% in the third quarter. Monroe Bank & Trust MI now owns 4,306 shares of the utilities provider’s stock valued at $424,000 after buying an additional 451 shares during the last quarter. V Wealth Management LLC raised its position in shares of DTE Energy by 22.7% in the fourth quarter. V Wealth Management LLC now owns 2,850 shares of the utilities provider’s stock valued at $309,000 after buying an additional 528 shares during the last quarter. Finally, Sii Investments Inc. WI raised its position in shares of DTE Energy by 11.6% in the third quarter. Sii Investments Inc. WI now owns 5,713 shares of the utilities provider’s stock valued at $614,000 after buying an additional 593 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.
In related news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the completion of the sale, the chairman now directly owns 83,000 shares in the company, valued at $9,373,190. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.
Shares of DTE Energy Co (NYSE:DTE) traded up $1.40 during midday trading on Wednesday, hitting $105.64. 1,338,670 shares of the stock were exchanged, compared to its average volume of 1,299,975. The firm has a market capitalization of $18,700.00, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. DTE Energy Co has a 1-year low of $96.56 and a 1-year high of $116.74.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Monday, December 18th were given a dividend of $0.8825 per share. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, December 15th. DTE Energy’s dividend payout ratio (DPR) is presently 64.53%.
DTE Energy Profile
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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