Gen Wealth Partners Inc Lowers Stock Holdings in DTE Energy (NYSE:DTE)

Gen Wealth Partners Inc cut its holdings in shares of DTE Energy (NYSE:DTE) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 603 shares of the utilities provider’s stock after selling 122 shares during the quarter. Gen Wealth Partners Inc’s holdings in DTE Energy were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DTE. Vanguard Group Inc. increased its position in DTE Energy by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. Capital World Investors raised its position in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after buying an additional 3,766,221 shares during the period. Geode Capital Management LLC boosted its holdings in DTE Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider’s stock valued at $592,642,000 after acquiring an additional 115,270 shares during the last quarter. Boston Partners grew its position in DTE Energy by 25.1% during the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock valued at $350,150,000 after acquiring an additional 582,643 shares during the period. Finally, Invesco Ltd. increased its stake in DTE Energy by 50.2% during the fourth quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider’s stock worth $297,358,000 after acquiring an additional 822,854 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,877 shares of company stock worth $1,559,205. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on DTE shares. Guggenheim increased their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Morgan Stanley lifted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. Evercore ISI upped their target price on DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.31.

DTE Energy Trading Up 0.2 %

NYSE:DTE opened at $135.98 on Friday. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. 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 market cap of $28.22 billion, a PE ratio of 20.09, a P/E/G ratio of 2.41 and a beta of 0.47. The business’s 50 day moving average is $134.22 and its two-hundred day moving average is $126.99.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same quarter in the previous year, the company posted $1.67 earnings per share. On average, analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Monday, June 16th. DTE Energy’s dividend payout ratio (DPR) is presently 58.92%.

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.