State of Alaska Department of Revenue Cuts Position in DTE Energy (NYSE:DTE)

State of Alaska Department of Revenue decreased its holdings in DTE Energy (NYSE:DTEFree Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 33,587 shares of the utilities provider’s stock after selling 1,890 shares during the period. State of Alaska Department of Revenue’s holdings in DTE Energy were worth $3,703,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Glenmede Trust Co. NA raised its holdings in DTE Energy by 0.9% in the third quarter. Glenmede Trust Co. NA now owns 129,083 shares of the utilities provider’s stock valued at $12,815,000 after buying an additional 1,106 shares during the period. Raymond James & Associates boosted its stake in shares of DTE Energy by 6.5% in the fourth quarter. Raymond James & Associates now owns 209,488 shares of the utilities provider’s stock valued at $23,098,000 after purchasing an additional 12,871 shares during the period. SG Americas Securities LLC boosted its stake in shares of DTE Energy by 273.2% in the fourth quarter. SG Americas Securities LLC now owns 48,071 shares of the utilities provider’s stock valued at $5,300,000 after purchasing an additional 35,189 shares during the period. American Century Companies Inc. boosted its stake in shares of DTE Energy by 154.2% in the third quarter. American Century Companies Inc. now owns 114,251 shares of the utilities provider’s stock valued at $11,343,000 after purchasing an additional 69,306 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of DTE Energy in the third quarter valued at $2,004,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of DTE Energy from $113.00 to $112.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 13th. Wolfe Research downgraded shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. BMO Capital Markets reduced their price objective on shares of DTE Energy from $113.00 to $111.00 and set a “market perform” rating on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, KeyCorp increased their price objective on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Hold” and a consensus price target of $114.00.

Get Our Latest Analysis on DTE

DTE Energy Trading Up 0.3 %

DTE Energy stock opened at $111.06 on Wednesday. The firm’s 50-day moving average is $107.84 and its 200-day moving average is $105.26. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73. The company has a market cap of $22.98 billion, a P/E ratio of 16.43, a PEG ratio of 2.79 and a beta of 0.64.

DTE Energy (NYSE:DTEGet Free Report) last released its quarterly earnings data 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. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter last year, the company earned $1.31 EPS. On average, equities analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 18th will be issued a $1.02 dividend. The ex-dividend date is Friday, March 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.67%. DTE Energy’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling

In related news, SVP Joann Chavez sold 6,070 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the sale, the senior vice president now owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the firm’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 transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joann Chavez sold 6,070 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total transaction of $662,783.30. Following the transaction, the senior vice president now directly owns 16,667 shares in the company, valued at approximately $1,819,869.73. The disclosure for this sale can be found here. Insiders have sold a total of 20,095 shares of company stock valued at $2,168,183 in the last quarter. Company insiders own 0.28% of the company’s stock.

DTE Energy Profile

(Free Report)

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.

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

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