ProShare Advisors LLC Purchases 4,504 Shares of DTE Energy (NYSE:DTE)

ProShare Advisors LLC raised its position in DTE Energy (NYSE:DTE) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,392 shares of the utilities provider’s stock after acquiring an additional 4,504 shares during the period. ProShare Advisors LLC’s holdings in DTE Energy were worth $5,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DTE. Allworth Financial LP raised its stake in shares of DTE Energy by 16.0% in the fourth 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in DTE Energy by 72.3% in the 4th 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 during the period. Orion Portfolio Solutions LLC raised its stake in shares of DTE Energy by 39.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider’s stock valued at $693,000 after buying an additional 1,618 shares in the last quarter. Patton Albertson Miller Group LLC raised its stake in shares of DTE Energy by 7.6% in the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after buying an additional 3,306 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of 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. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DTE shares. Evercore ISI upped their target price on shares of DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. StockNews.com downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Friday. Morgan Stanley boosted their price target on DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $140.31.

DTE Energy Price Performance

Shares of DTE stock opened at $138.19 on Monday. The stock’s fifty day moving average is $134.53 and its 200-day moving average is $127.30. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock has a market capitalization of $28.68 billion, a PE ratio of 20.41, a PEG ratio of 2.41 and a beta of 0.47. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion for 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 prior year, the company earned $1.67 EPS. Equities research analysts expect that DTE Energy 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 Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.16%. DTE Energy’s dividend payout ratio is currently 58.92%.

Insider Buying and Selling at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this link. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy 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 directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42% 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 worth $1,559,205. Company insiders own 0.33% of the company’s stock.

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.