2,939 Shares in DTE Energy Company $DTE Purchased by Integrity Alliance LLC.

Integrity Alliance LLC. purchased a new position in DTE Energy Company (NYSE:DTE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,939 shares of the utilities provider’s stock, valued at approximately $406,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in DTE Energy by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 792,339 shares of the utilities provider’s stock worth $109,557,000 after buying an additional 15,207 shares during the period. Optimize Financial Inc bought a new position in DTE Energy during the 1st quarter worth about $263,000. Woodline Partners LP grew its holdings in DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after acquiring an additional 5,072 shares in the last quarter. Yaupon Capital Management LP grew its holdings in DTE Energy by 78.9% during the 1st quarter. Yaupon Capital Management LP now owns 191,200 shares of the utilities provider’s stock worth $26,437,000 after acquiring an additional 84,325 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after acquiring an additional 6,614 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DTE shares. BMO Capital Markets increased their target price on shares of DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Morgan Stanley set a $140.00 target price on shares of DTE Energy and gave the stock an “overweight” rating in a report on Thursday, August 21st. Citigroup reiterated a “buy” rating and set a $151.00 target price (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.25.

DTE Energy Stock Down 0.0%

Shares of DTE Energy stock opened at $136.74 on Friday. The firm’s 50 day moving average price is $137.23 and its 200-day moving average price is $135.18. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. DTE Energy Company has a 52-week low of $115.59 and a 52-week high of $142.05. The company has a market cap of $28.39 billion, a P/E ratio of 19.67, a PEG ratio of 2.72 and a beta of 0.42.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy’s payout ratio is presently 62.73%.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the transaction, the vice president owned 4,153 shares of the company’s stock, valued at $583,621.09. The trade was a 27.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is currently owned by insiders.

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.