Acorn Wealth Advisors LLC Has $615,000 Stake in DTE Energy (NYSE:DTE)

Acorn Wealth Advisors LLC lowered its position in shares of DTE Energy (NYSE:DTE) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,089 shares of the utilities provider’s stock after selling 239 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in DTE Energy were worth $615,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new stake in DTE Energy during the fourth quarter worth approximately $207,000. RWC Asset Management LLP bought a new position in shares of DTE Energy during the 4th quarter worth approximately $8,961,000. Midwest Capital Advisors LLC acquired a new stake in shares of DTE Energy during the 4th quarter worth approximately $298,000. Y Intercept Hong Kong Ltd bought a new stake in shares of DTE Energy in the 4th quarter valued at $591,000. Finally, South Dakota Investment Council acquired a new position in shares of DTE Energy during the 4th quarter valued at $435,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DTE. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. BMO Capital Markets upped their price target on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.67.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the transaction, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

DTE Energy Trading Up 0.3 %

Shares of DTE Energy stock opened at $132.33 on Tuesday. The stock has a fifty day moving average price of $122.37 and a 200-day moving average price of $123.50. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The firm has a market cap of $27.42 billion, a PE ratio of 19.55, a P/E/G ratio of 2.41 and a beta of 0.68. DTE Energy has a 1 year low of $103.06 and a 1 year high of $133.45.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS 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%. Equities research analysts anticipate 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. Investors of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.29%. DTE Energy’s payout ratio is 64.40%.

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.