1,948 Shares in DTE Energy (NYSE:DTE) Bought by Hartline Investment Corp

Hartline Investment Corp acquired a new position in shares of DTE Energy (NYSE:DTE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,948 shares of the utilities provider’s stock, valued at approximately $215,000.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in DTE Energy by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock valued at $509,081,000 after acquiring an additional 724,561 shares during the period. Barclays PLC boosted its position in shares of DTE Energy by 29.2% during the third quarter. Barclays PLC now owns 670,592 shares of the utilities provider’s stock worth $66,577,000 after buying an additional 151,507 shares during the period. Invesco Ltd. boosted its position in shares of DTE Energy by 6.6% during the third quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider’s stock worth $221,314,000 after buying an additional 137,960 shares during the period. Adams Diversified Equity Fund Inc. acquired a new position in shares of DTE Energy during the third quarter worth about $13,641,000. Finally, ING Groep NV boosted its position in shares of DTE Energy by 307.2% during the third quarter. ING Groep NV now owns 119,884 shares of the utilities provider’s stock worth $11,902,000 after buying an additional 90,442 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DTE has been the topic of several analyst reports. Barclays upped their target price on DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. BMO Capital Markets upped their price objective on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. upped their price objective on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Scotiabank decreased their target price on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research report on Monday. Finally, Morgan Stanley upped their target price on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.10.

DTE Energy Stock Up 1.3 %

DTE stock traded up $1.43 during trading on Wednesday, reaching $111.55. 1,445,287 shares of the stock were exchanged, compared to its average volume of 1,193,333. The firm’s 50 day moving average is $108.93 and its 200 day moving average is $105.98. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. The firm has a market cap of $23.08 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.74 and a beta of 0.64.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.01. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same period in the prior year, the company posted $1.31 earnings per share. As a group, research analysts forecast that DTE Energy will post 6.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were given a dividend of $1.02 per share. The ex-dividend date was Friday, March 15th. This represents a $4.08 annualized dividend and a dividend yield of 3.66%. DTE Energy’s dividend payout ratio is currently 60.36%.

Insider Buying and Selling

In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction of $64,224.00. Following the sale, the chief accounting officer now owns 3,462 shares in the company, valued at $370,572.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Robert A. Richard sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total value of $514,800.00. Following the completion of the transaction, the chief operating officer now directly owns 26,118 shares in the company, valued at approximately $2,801,155.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,095 shares of company stock worth $2,168,183. Corporate insiders own 0.28% of the company’s stock.

DTE Energy 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.