Barclays PLC Cuts Stock Position in DTE Energy (NYSE:DTE)

Barclays PLC lowered its position in DTE Energy (NYSE:DTE - Free Report) by 14.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642,393 shares of the utilities provider's stock after selling 112,691 shares during the quarter. Barclays PLC owned approximately 0.31% of DTE Energy worth $77,570,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of DTE Energy by 16.0% during the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after purchasing an additional 336 shares during the last quarter. Jones Financial Companies Lllp increased its position in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after buying an additional 2,642 shares during the last quarter. Nordea Investment Management AB raised its holdings in DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after buying an additional 211,763 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of DTE Energy by 39.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after buying an additional 1,618 shares during the last quarter. Finally, Patton Albertson Miller Group LLC boosted its stake in shares of DTE Energy by 7.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after acquiring an additional 3,306 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent analyst reports. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Guggenheim boosted their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday. Finally, Morgan Stanley raised their target price on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.17.

DTE Energy Stock Performance

Shares of DTE stock traded up $3.40 during trading on Tuesday, reaching $135.18. 477,961 shares of the company's stock were exchanged, compared to its average volume of 1,355,272. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The firm's fifty day moving average price is $132.81 and its 200-day moving average price is $126.05. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39. The stock has a market capitalization of $28.05 billion, a PE ratio of 19.97, a PEG ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, sell-side analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a dividend of $1.09 per share. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.23%. DTE Energy's dividend payout ratio is currently 64.40%.

Insider Activity

In other news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 over the last quarter. 0.33% of the stock is owned by company insiders.

About DTE Energy

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.