Mizuho Securities USA LLC Raises Position in DTE Energy (NYSE:DTE)

Mizuho Securities USA LLC lifted its stake in DTE Energy (NYSE:DTE) by 46.2% in the 4th quarter, HoldingsChannel reports. The firm owned 19,628 shares of the utilities provider’s stock after acquiring an additional 6,204 shares during the period. Mizuho Securities USA LLC’s holdings in DTE Energy were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DTE. Empowered Funds LLC raised its stake in shares of DTE Energy by 9.3% in the third quarter. Empowered Funds LLC now owns 3,028 shares of the utilities provider’s stock worth $389,000 after buying an additional 258 shares during the period. Quest Partners LLC raised its stake in DTE Energy by 21,380.0% during the 3rd quarter. Quest Partners LLC now owns 1,074 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 1,069 shares during the period. Pathstone Holdings LLC lifted its holdings in DTE Energy by 2.8% during the third quarter. Pathstone Holdings LLC now owns 20,173 shares of the utilities provider’s stock valued at $2,592,000 after purchasing an additional 549 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of DTE Energy by 4.1% in the third quarter. Advisors Asset Management Inc. now owns 7,481 shares of the utilities provider’s stock worth $961,000 after purchasing an additional 298 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of DTE Energy by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock worth $163,702,000 after purchasing an additional 14,937 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were 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. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Guggenheim upped their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets upped their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.58.

DTE Energy Price Performance

DTE stock opened at $136.03 on Tuesday. DTE Energy has a 52 week low of $103.06 and a 52 week high of $138.22. The firm has a market capitalization of $28.23 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a fifty day simple moving average of $127.74 and a two-hundred day simple moving average of $124.95. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Analysts anticipate that DTE Energy will post 7.18 earnings per share 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. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 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.