Dimensional Fund Advisors LP Purchases 15,342 Shares of DTE Energy (NYSE:DTE)

Dimensional Fund Advisors LP boosted its position in shares of DTE Energy (NYSE:DTE) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 752,776 shares of the utilities provider’s stock after acquiring an additional 15,342 shares during the quarter. Dimensional Fund Advisors LP’s holdings in DTE Energy were worth $90,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in DTE Energy by 16.0% during the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider’s stock worth $293,000 after acquiring an additional 336 shares in the last quarter. Jones Financial Companies Lllp raised its position in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider’s stock worth $760,000 after acquiring an additional 2,642 shares in the last quarter. Nordea Investment Management AB raised its position in DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after acquiring an additional 211,763 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of DTE Energy by 39.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider’s stock valued at $693,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Patton Albertson Miller Group LLC increased its holdings in shares of DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after purchasing an additional 3,306 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DTE. Morgan Stanley upped their price objective 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. Barclays downgraded shares of 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. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. BMO Capital Markets upped their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. Finally, Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.17.

Insider Transactions at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. Corporate insiders own 0.33% of the company’s stock.

DTE Energy Stock Up 0.9 %

Shares of DTE opened at $135.92 on Tuesday. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The company has a market cap of $28.21 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.41 and a beta of 0.49. 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 50 day simple moving average of $133.49 and a two-hundred day simple moving average of $126.44.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating 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%. Research analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a dividend of $1.09 per share. The ex-dividend date was Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.21%. DTE Energy’s dividend payout ratio is currently 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.