2,026 Shares in DTE Energy Co (DTE) Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in shares of DTE Energy Co (NYSE:DTE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,026 shares of the utilities provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Monroe Bank & Trust MI boosted its position in DTE Energy by 11.7% in the 3rd quarter. Monroe Bank & Trust MI now owns 4,306 shares of the utilities provider’s stock valued at $424,000 after buying an additional 451 shares during the last quarter. V Wealth Management LLC boosted its position in DTE Energy by 22.7% in the 4th quarter. V Wealth Management LLC now owns 2,850 shares of the utilities provider’s stock valued at $309,000 after buying an additional 528 shares during the last quarter. Sii Investments Inc. WI boosted its position in DTE Energy by 11.6% in the 3rd quarter. Sii Investments Inc. WI now owns 5,713 shares of the utilities provider’s stock valued at $614,000 after buying an additional 593 shares during the last quarter. E&G Advisors LP boosted its position in DTE Energy by 29.3% in the 4th quarter. E&G Advisors LP now owns 2,650 shares of the utilities provider’s stock valued at $290,000 after buying an additional 600 shares during the last quarter. Finally, Montecito Bank & Trust boosted its position in DTE Energy by 27.5% in the 3rd quarter. Montecito Bank & Trust now owns 2,934 shares of the utilities provider’s stock valued at $315,000 after buying an additional 633 shares during the last quarter. Institutional investors and hedge funds own 68.16% of the company’s stock.

In other news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $112.93, for a total value of $1,399,089.77. Following the transaction, the chairman now directly owns 83,000 shares in the company, valued at approximately $9,373,190. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.

DTE Energy Co (NYSE:DTE) opened at $98.49 on Friday. DTE Energy Co has a 12-month low of $96.56 and a 12-month high of $116.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. The stock has a market capitalization of $17,808.07, a price-to-earnings ratio of 19.28, a PEG ratio of 2.86 and a beta of 0.15.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, March 19th will be given a $0.8825 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.53 annualized dividend and a dividend yield of 3.58%. DTE Energy’s dividend payout ratio is currently 64.65%.

DTE has been the topic of a number of recent research reports. Wells Fargo & Co upgraded DTE Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. UBS Group initiated coverage on DTE Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $108.00 price objective on the stock. KeyCorp reiterated a “buy” rating and issued a $118.50 price objective on shares of DTE Energy in a research report on Friday, December 15th. Credit Suisse Group decreased their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Finally, Bank of America initiated coverage on DTE Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. DTE Energy has a consensus rating of “Hold” and a consensus target price of $113.75.

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About DTE Energy

DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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