Brown Brothers Harriman & Co. Sells 2,025 Shares of DTE Energy (NYSE:DTE)

Brown Brothers Harriman & Co. cut its holdings in DTE Energy (NYSE:DTE - Free Report) by 90.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 222 shares of the utilities provider's stock after selling 2,025 shares during the period. Brown Brothers Harriman & Co.'s holdings in DTE Energy were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in DTE Energy in the third quarter valued at $30,000. Versant Capital Management Inc grew its holdings in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 267 shares in the last quarter. Robbins Farley acquired a new stake in shares of DTE Energy in the fourth quarter valued at about $57,000. Kestra Investment Management LLC bought a new stake in DTE Energy during the fourth quarter worth about $57,000. Finally, AdvisorNet Financial Inc boosted its position in DTE Energy by 81.5% during the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after purchasing an additional 313 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on DTE. BMO Capital Markets boosted their price target on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Scotiabank increased their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley raised their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.58.

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Insider Buying and Selling at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of DTE Energy 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 completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew T. Paul sold 3,801 shares of the 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 in the company, 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 in the last quarter. Company insiders own 0.33% of the company's stock.

DTE Energy Stock Performance

Shares of NYSE:DTE traded down $3.89 during trading on Monday, reaching $127.91. 2,373,017 shares of the stock were exchanged, compared to its average volume of 1,174,521. DTE Energy has a 12 month low of $103.06 and a 12 month high of $140.39. The stock has a 50-day moving average price of $130.56 and a 200-day moving average price of $125.70. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The firm has a market cap of $26.54 billion, a PE ratio of 18.89, a PEG ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (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%. Research analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.41%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is 64.40%.

DTE Energy Company 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.