DTE Energy Company (NYSE:DTE) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its stake in DTE Energy Company (NYSE:DTE) by 22.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,699 shares of the utilities provider’s stock after purchasing an additional 498 shares during the period. Benjamin Edwards Inc.’s holdings in DTE Energy were worth $373,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its stake in shares of DTE Energy by 1.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 27,391 shares of the utilities provider’s stock worth $3,306,000 after acquiring an additional 385 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of DTE Energy by 5.0% in the fourth quarter. Townsquare Capital LLC now owns 9,270 shares of the utilities provider’s stock worth $1,119,000 after acquiring an additional 439 shares in the last quarter. Mariner LLC grew its stake in shares of DTE Energy by 16.7% in the fourth quarter. Mariner LLC now owns 48,256 shares of the utilities provider’s stock worth $5,827,000 after acquiring an additional 6,896 shares in the last quarter. Jump Financial LLC grew its stake in shares of DTE Energy by 6.1% in the fourth quarter. Jump Financial LLC now owns 6,396 shares of the utilities provider’s stock worth $772,000 after acquiring an additional 370 shares in the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in shares of DTE Energy by 8.5% in the fourth quarter. United Capital Financial Advisors LLC now owns 6,045 shares of the utilities provider’s stock worth $730,000 after acquiring an additional 476 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $138.88 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $141.54. The company has a market capitalization of $28.83 billion, a PE ratio of 19.98, a P/E/G ratio of 2.78 and a beta of 0.42. The company has a fifty day moving average of $135.39 and a two-hundred day moving average of $133.58.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, analysts expect that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy’s dividend payout ratio is presently 62.73%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DTE. Morgan Stanley lowered their target price on shares of DTE Energy from $136.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday, May 22nd. Citigroup reiterated a “buy” rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. BMO Capital Markets boosted their target price on shares of DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research note on Monday, April 21st. Barclays boosted their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.29.

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.