DTE Energy Company $DTE Shares Acquired by Financial Advisors Network Inc.

Financial Advisors Network Inc. increased its position in shares of DTE Energy Company (NYSE:DTE) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,994 shares of the utilities provider’s stock after purchasing an additional 91 shares during the period. Financial Advisors Network Inc.’s holdings in DTE Energy were worth $414,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Korea Investment CORP lifted its holdings in shares of DTE Energy by 2.2% in the first quarter. Korea Investment CORP now owns 165,127 shares of the utilities provider’s stock valued at $22,832,000 after buying an additional 3,477 shares during the period. Northern Trust Corp raised its position in DTE Energy by 0.5% in the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock worth $253,979,000 after acquiring an additional 9,664 shares in the last quarter. Brooklyn Investment Group lifted its holdings in DTE Energy by 75.9% in the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 457 shares during the last quarter. Affinity Investment Advisors LLC bought a new position in shares of DTE Energy during the 1st quarter valued at about $224,000. Finally, Ethos Financial Group LLC bought a new position in shares of DTE Energy during the 1st quarter valued at about $507,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the sale, the vice president owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

DTE Energy Price Performance

Shares of DTE opened at $138.88 on Monday. The business’s 50-day moving average is $135.39 and its 200-day moving average is $133.79. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The company has a market capitalization of $28.83 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.76 and a beta of 0.42. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $141.54.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.67 billion. Equities research analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. DTE Energy’s dividend payout ratio (DPR) is currently 62.73%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DTE shares. Wells Fargo & Company boosted their target price on shares of DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Morgan Stanley dropped their price target on DTE Energy from $136.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price objective on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Barclays lifted their target price on DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus price target 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.