Impact Capital Partners LLC Invests $975,000 in DTE Energy (NYSE:DTE)

Impact Capital Partners LLC purchased a new position in shares of DTE Energy (NYSE:DTE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,075 shares of the utilities provider’s stock, valued at approximately $975,000.

Several other hedge funds and other institutional investors have also modified their holdings of DTE. Legacy Investment Solutions LLC purchased a new position in DTE Energy in the third quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy in the third quarter valued at $35,000. Prospera Private Wealth LLC purchased a new position in DTE Energy in the third quarter valued at $35,000. Versant Capital Management Inc boosted its holdings in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new position in DTE Energy in the third quarter valued at $39,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DTE has been the subject of a number of recent analyst reports. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Morgan Stanley decreased their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Scotiabank lifted their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.67.

DTE Energy Stock Performance

Shares of DTE stock opened at $131.19 on Thursday. The stock has a market capitalization of $27.19 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a 52-week low of $103.06 and a 52-week high of $136.28. The stock’s 50-day moving average price is $125.27 and its 200 day moving average price is $124.34. 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 issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, equities research analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred 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 sale, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. This represents a 22.78 % decrease in their position. 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. 0.28% of the stock is owned by corporate insiders.

About DTE Energy

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.