Hartline Investment Corp Makes New Investment in DTE Energy (NYSE:DTE)

Hartline Investment Corp acquired a new stake in shares of DTE Energy (NYSE:DTE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,948 shares of the utilities provider’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DTE. Impact Partnership Wealth LLC increased its position in DTE Energy by 70.2% in the third quarter. Impact Partnership Wealth LLC now owns 1,455 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 600 shares during the period. SS&H Financial Advisors Inc. bought a new stake in shares of DTE Energy during the 3rd quarter worth approximately $735,000. Advisory Alpha LLC raised its stake in shares of DTE Energy by 7.2% during the 3rd quarter. Advisory Alpha LLC now owns 2,537 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 170 shares in the last quarter. Secure Asset Management LLC raised its stake in shares of DTE Energy by 4.3% during the 3rd quarter. Secure Asset Management LLC now owns 7,561 shares of the utilities provider’s stock worth $751,000 after purchasing an additional 312 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth approximately $1,362,000. 76.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other DTE Energy news, 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 transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other DTE Energy news, 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 transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 5,850 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the transaction, the chief operating officer now directly 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 90 days, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is owned by corporate insiders.

DTE Energy Trading Up 1.3 %

Shares of DTE Energy stock traded up $1.43 during midday trading on Wednesday, reaching $111.55. The company had a trading volume of 1,445,287 shares, compared to its average volume of 1,193,333. The stock has a fifty day moving average price of $108.93 and a 200 day moving average price of $105.98. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.60 and a quick ratio of 0.42. The firm has a market cap of $23.08 billion, a PE ratio of 16.42, a P/E/G ratio of 2.74 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 issued its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.01. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same period in the previous year, the company posted $1.31 earnings per share. On average, equities analysts anticipate that DTE Energy will post 6.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, March 15th. This represents a $4.08 annualized dividend and a yield of 3.66%. DTE Energy’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analyst Weigh In

DTE has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on DTE Energy from $108.00 to $109.00 and gave the company 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 research note on Friday, March 15th. KeyCorp increased their price target on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target on the stock. in a research note on Monday, January 22nd. Finally, Barclays upped their price objective on DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $115.10.

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.