Peddock Capital Advisors LLC Buys 453 Shares of DTE Energy (NYSE:DTE)

Peddock Capital Advisors LLC lifted its stake in shares of DTE Energy (NYSE:DTE) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,103 shares of the utilities provider’s stock after purchasing an additional 453 shares during the quarter. Peddock Capital Advisors LLC’s holdings in DTE Energy were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. PBMares Wealth Management LLC boosted its position in DTE Energy by 4.5% during the 4th quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock worth $254,000 after buying an additional 100 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of DTE Energy by 17.0% in the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 102 shares during the last quarter. Telemus Capital LLC increased its holdings in DTE Energy by 3.1% in the third quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 111 shares during the period. ASB Consultores LLC raised its position in DTE Energy by 5.6% during the 3rd quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 114 shares during the last quarter. Finally, Secure Asset Management LLC lifted its holdings in DTE Energy by 1.7% during the 4th quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider’s stock worth $848,000 after buying an additional 127 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Up 1.0 %

DTE traded up $1.18 during trading on Wednesday, hitting $114.52. 411,853 shares of the company’s stock were exchanged, compared to its average volume of 1,170,436. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $109.74 and its two-hundred day moving average is $106.98. The stock has a market cap of $23.70 billion, a P/E ratio of 18.64, a PEG ratio of 2.81 and a beta of 0.64. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $116.73.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. As a group, equities analysts expect that DTE Energy will post 6.69 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Monday, June 17th. DTE Energy’s dividend payout ratio is 66.78%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DTE. Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target for the company. in a research note on Monday, January 22nd. Wolfe Research lowered shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. Morgan Stanley lifted their target price on shares of DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. boosted their price objective on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

Insider Transactions at DTE Energy

In related news, COO Robert A. Richard sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the transaction, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Robert A. Richard sold 4,800 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joann Chavez sold 6,070 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now directly owns 16,667 shares in the company, valued at approximately $1,819,869.73. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 in the last quarter. 0.61% of the stock is currently owned by corporate 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.