DTE Energy (NYSE:DTE) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its stake in DTE Energy (NYSE:DTE - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 378,850 shares of the utilities provider's stock after selling 100,702 shares during the period. Canada Pension Plan Investment Board owned approximately 0.18% of DTE Energy worth $45,746,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its holdings in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after buying an additional 267 shares in the last quarter. Robbins Farley purchased a new stake in shares of DTE Energy during the 4th quarter valued at about $57,000. Kestra Investment Management LLC bought a new stake in DTE Energy during the fourth quarter worth approximately $57,000. AdvisorNet Financial Inc boosted its holdings in shares of DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after purchasing an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at $87,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Guggenheim raised their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Finally, BMO Capital Markets raised their price target on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday. Five 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $139.17.

DTE Energy Stock Up 0.9 %

NYSE DTE traded up $1.16 on Thursday, hitting $137.32. The stock had a trading volume of 430,101 shares, compared to its average volume of 1,382,804. DTE Energy has a 52-week low of $108.40 and a 52-week high of $140.39. The business's fifty day moving average price is $133.12 and its 200 day moving average price is $126.18. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The stock has a market cap of $28.50 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last announced 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%. Equities research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a dividend of $1.09 per share. The ex-dividend date was Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.18%. DTE Energy's payout ratio is currently 64.40%.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 in the last ninety days. Company insiders own 0.33% of the company's stock.

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.