IFP Advisors Inc Sells 16,241 Shares of DTE Energy (NYSE:DTE)

IFP Advisors Inc decreased its position in shares of DTE Energy (NYSE:DTE) by 67.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,884 shares of the utilities provider’s stock after selling 16,241 shares during the period. IFP Advisors Inc’s holdings in DTE Energy were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. RWC Asset Management LLP purchased a new position in DTE Energy during the 4th quarter worth $8,961,000. Midwest Capital Advisors LLC acquired a new stake in DTE Energy in the fourth quarter worth about $298,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of DTE Energy during the fourth quarter worth about $591,000. South Dakota Investment Council purchased a new stake in shares of DTE Energy during the fourth quarter worth about $435,000. Finally, Dahring Cusmano LLC acquired a new position in shares of DTE Energy during the fourth quarter valued at about $236,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Scotiabank lifted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.67.

Insider Transactions at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred 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 in the company, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

DTE Energy Stock Down 0.4 %

DTE Energy stock opened at $132.09 on Friday. The business’s 50-day moving average price is $123.20 and its 200 day moving average price is $123.71. 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 cap of $27.37 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. DTE Energy has a 52 week low of $103.06 and a 52 week high of $133.49.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share 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%. As a group, sell-side analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.30%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

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.