DTE Energy (NYSE:DTE) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. cut its stake in DTE Energy (NYSE:DTE - Free Report) by 72.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,000 shares of the utilities provider's stock after selling 295,700 shares during the period. APG Asset Management N.V. owned 0.05% of DTE Energy worth $13,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Allworth Financial LP lifted its position in 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 acquiring an additional 336 shares during the period. Jones Financial Companies Lllp raised its position in DTE Energy by 72.3% during the 4th 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 lifted its stake in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after acquiring an additional 211,763 shares during the period. Orion Portfolio Solutions LLC lifted its stake in DTE Energy by 39.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock valued at $693,000 after acquiring an additional 1,618 shares during the period. Finally, Patton Albertson Miller Group LLC boosted its holdings in shares of DTE Energy by 7.6% in the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock valued at $5,667,000 after acquiring an additional 3,306 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

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Insider Transactions at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last 90 days. Insiders own 0.33% of the company's stock.

DTE Energy Price Performance

Shares of DTE Energy stock traded down $0.19 on Tuesday, hitting $133.00. 894,195 shares of the company were exchanged, compared to its average volume of 1,185,314. 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 company has a 50-day moving average price of $131.89 and a 200 day moving average price of $125.88. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a 1-year low of $103.06 and a 1-year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last issued its 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%. As a group, sell-side analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.28%. DTE Energy's dividend payout ratio (DPR) is 64.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DTE shares. Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. BMO Capital Markets lifted their price target on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and dropped 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 price objective on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, DTE Energy currently has an average rating of "Moderate Buy" and an average price target of $138.58.

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.