3,808 Shares in DTE Energy (NYSE:DTE) Bought by Arbor Wealth Advisors LLC

Arbor Wealth Advisors LLC purchased a new stake in DTE Energy (NYSE:DTE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,808 shares of the utilities provider’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MV Capital Management Inc. increased its position in shares of DTE Energy by 104.4% during the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 143 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in DTE Energy during the third quarter worth about $36,000. Compagnie Lombard Odier SCmA purchased a new position in DTE Energy during the third quarter worth about $37,000. Authentikos Wealth Advisory LLC purchased a new position in DTE Energy during the third quarter worth about $43,000. Finally, Horizon Bancorp Inc. IN purchased a new position in DTE Energy during the third quarter worth about $54,000. 76.06% of the stock is owned by institutional investors.

Insider Transactions at DTE Energy

In other news, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert A. Richard sold 4,800 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the transaction, the chief operating officer now directly owns 26,118 shares in the company, valued at approximately $2,801,155.50. The disclosure for this sale can be found here. Insiders have sold 20,095 shares of company stock valued at $2,168,183 in the last quarter. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DTE. TheStreet upgraded shares of DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. BMO Capital Markets boosted their target price on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. KeyCorp boosted their target price on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Barclays boosted their target price on shares of DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.10.

DTE Energy Price Performance

DTE Energy stock traded down $0.01 during midday trading on Tuesday, reaching $110.11. 950,359 shares of the stock were exchanged, compared to its average volume of 1,189,739. The company’s fifty day moving average is $108.93 and its 200-day moving average is $105.98. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a market cap of $22.78 billion, a PE ratio of 16.29, a PEG ratio of 2.70 and a beta of 0.64. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.01. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. During the same quarter in the prior year, the firm posted $1.31 EPS. On average, sell-side analysts forecast that DTE Energy will post 6.71 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Friday, March 15th. DTE Energy’s dividend payout ratio (DPR) is presently 60.36%.

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.