Mather Group LLC. Acquires Shares of 2,022 DTE Energy (NYSE:DTE)

Mather Group LLC. bought a new position in shares of DTE Energy (NYSE:DTE) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,022 shares of the utilities provider’s stock, valued at approximately $223,000.

A number of other large investors have also modified their holdings of the business. MV Capital Management Inc. boosted its position in shares of DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares in the last quarter. Milestone Investment Advisors LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth $36,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of DTE Energy in the 3rd quarter worth about $43,000. Cullen Frost Bankers Inc. grew its stake in DTE Energy by 17.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 102 shares during the last quarter. Finally, Western Pacific Wealth Management LP increased its holdings in DTE Energy by 20.0% during the 3rd quarter. Western Pacific Wealth Management LP now owns 875 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 146 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DTE Energy

In other DTE Energy news, COO Robert A. Richard sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total value of $514,800.00. Following the completion of the sale, the chief operating officer now owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Robert A. Richard sold 4,800 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total value of $514,800.00. Following the completion of the sale, the chief operating officer now owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Matthew T. Paul sold 5,850 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,095 shares of company stock worth $2,168,183. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DTE. Wolfe Research lowered shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Morgan Stanley upped their price objective on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Scotiabank dropped their price objective on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, BMO Capital Markets boosted their target price on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

DTE Energy Stock Performance

NYSE:DTE opened at $112.80 on Friday. The company has a market cap of $23.34 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.77 and a beta of 0.64. The firm’s 50 day moving average is $109.41 and its two-hundred day moving average is $106.53. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $116.73. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. Analysts expect that DTE Energy will post 6.69 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a $1.02 dividend. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a yield of 3.62%. DTE Energy’s payout ratio is 66.78%.

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.