Townsquare Capital LLC Grows Stock Holdings in DTE Energy (NYSE:DTE)

Townsquare Capital LLC lifted its position in DTE Energy (NYSE:DTE) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,270 shares of the utilities provider’s stock after purchasing an additional 439 shares during the quarter. Townsquare Capital LLC’s holdings in DTE Energy were worth $1,119,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DTE. Versant Capital Management Inc boosted its stake in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares in the last quarter. Robbins Farley bought a new stake in shares of DTE Energy in the 4th quarter worth approximately $57,000. Kestra Investment Management LLC bought a new position in shares of DTE Energy during the 4th quarter valued at $57,000. AdvisorNet Financial Inc raised its position in DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new stake in DTE Energy in the fourth quarter worth $87,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Up 1.0 %

Shares of DTE Energy stock opened at $133.33 on Friday. DTE Energy has a 1 year low of $105.04 and a 1 year high of $140.39. The firm has a market cap of $27.67 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.41 and a beta of 0.49. The company has a 50-day moving average of $132.49 and a 200 day moving average of $126.01. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

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

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.27%. The ex-dividend date was Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

Insider Transactions at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. This represents a 35.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. BMO Capital Markets boosted their price target on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Morgan Stanley increased their price objective on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. Guggenheim boosted their target price on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Finally, Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average price target of $138.58.

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.