Applied Finance Capital Management LLC Has $21.05 Million Stock Position in DTE Energy (NYSE:DTE)

Applied Finance Capital Management LLC grew its holdings in DTE Energy (NYSE:DTE) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,285 shares of the utilities provider’s stock after acquiring an additional 1,843 shares during the quarter. Applied Finance Capital Management LLC owned 0.08% of DTE Energy worth $21,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its holdings in DTE Energy by 16.0% in the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider’s stock valued at $293,000 after purchasing an additional 336 shares during the period. Jones Financial Companies Lllp raised its position in shares of DTE Energy by 72.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider’s stock valued at $760,000 after buying an additional 2,642 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after buying an additional 211,763 shares during the period. Patton Albertson Miller Group LLC grew its position in DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock worth $5,667,000 after buying an additional 3,306 shares in the last quarter. Finally, M&T Bank Corp increased its stake in DTE Energy by 4.4% during the 4th quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider’s stock worth $1,139,000 after acquiring an additional 395 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is currently owned by company insiders.

DTE Energy Trading Down 3.0 %

Shares of DTE stock opened at $127.91 on Tuesday. 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 firm has a market capitalization of $26.54 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.41 and a beta of 0.49. DTE Energy has a twelve month low of $103.06 and a twelve month high of $140.39. The stock’s fifty day simple moving average is $130.56 and its 200 day simple moving average is $125.70.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, sell-side analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is currently 64.40%.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Scotiabank raised their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Guggenheim increased their price target 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $138.58.

DTE Energy Company 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.