THE VAN ECK ASSOCIATES CORP ACQUIRES 260 SHARES OF DTE ENERGY COMPANY (DTE)

Van ECK Associates Corp raised its position in DTE Energy Company (NYSE:DTE) by 24.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,314 shares of the company’s stock after buying an additional 260 shares during the period. Van ECK Associates Corp’s holdings in DTE Energy Company were worth $129,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vantage Investment Advisors LLC increased its position in shares of DTE Energy Company by 0.7% in the third quarter. Vantage Investment Advisors LLC now owns 1,293 shares of the company’s stock worth $121,000 after buying an additional 9 shares during the period. TLP Group LLC acquired a new position in shares of DTE Energy Company during the third quarter worth approximately $126,000. FineMark National Bank & Trust increased its position in shares of DTE Energy Company by 7.8% in the third quarter. FineMark National Bank & Trust now owns 1,386 shares of the company’s stock worth $130,000 after buying an additional 100 shares during the period. SRB Corp acquired a new position in shares of DTE Energy Company during the third quarter worth approximately $163,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of DTE Energy Company during the fourth quarter worth approximately $209,000. 66.85% of the stock is owned by institutional investors.

DTE Energy Company (NYSE:DTE) opened at 101.09 on Monday. The stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 20.93 and a beta of 0.20. DTE Energy Company has a 12-month low of $81.75 and a 12-month high of $101.49. The firm has a 50-day moving average of $98.38 and a 200 day moving average of $95.46.

DTE Energy Company (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.05. DTE Energy Company had a net margin of 8.17% and a return on equity of 10.44%. The firm earned $2.87 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the company earned $1.01 EPS. The business’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that DTE Energy Company will post $5.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 15th. Stockholders of record on Monday, March 20th will be paid a $0.825 dividend. The ex-dividend date is Thursday, March 16th. This represents a $3.30 annualized dividend and a dividend yield of 3.26%. DTE Energy Company’s dividend payout ratio (DPR) is 68.46%.

A number of brokerages recently commented on DTE. Jefferies Group LLC set a $109.00 price objective on shares of DTE Energy Company and gave the stock a “buy” rating in a research note on Saturday, February 11th. Credit Suisse Group began coverage on shares of DTE Energy Company in a research note on Wednesday, January 25th. They issued a “neutral” rating and a $102.00 price objective for the company. Barclays PLC boosted their price objective on shares of DTE Energy Company from $101.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, January 20th. Zacks Investment Research downgraded shares of DTE Energy Company from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Finally, Bank of America Corp raised shares of DTE Energy Company from a “neutral” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, November 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $103.00.

In related news, Vice Chairman Steven E. Kurmas sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $98.25, for a total transaction of $982,500.00. Following the completion of the transaction, the insider now owns 48,452 shares of the company’s stock, valued at approximately $4,760,409. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa A. Muschong sold 520 shares of the stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $95.95, for a total transaction of $49,894.00. Following the transaction, the vice president now directly owns 2,466 shares of the company’s stock, valued at approximately $236,612.70. The disclosure for this sale can be found here. In the last three months, insiders sold 37,520 shares of company stock valued at $3,655,924. Corporate insiders own 0.93% of the company’s stock.

About DTE Energy Company

DTE Energy Company (DTE Energy) is a diversified energy company. The Company’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.