Legal & General Group Plc Has $152.22 Million Position in DTE Energy (NYSE:DTE)

Legal & General Group Plc lowered its position in DTE Energy (NYSE:DTE - Free Report) by 21.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,260,649 shares of the utilities provider's stock after selling 349,098 shares during the quarter. Legal & General Group Plc owned about 0.61% of DTE Energy worth $152,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. SkyOak Wealth LLC raised its stake in shares of DTE Energy by 4.1% in the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider's stock worth $262,000 after buying an additional 85 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in DTE Energy by 8.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock worth $146,000 after acquiring an additional 90 shares during the period. Stratos Wealth Partners LTD. lifted its position in DTE Energy by 4.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock worth $258,000 after buying an additional 92 shares in the last quarter. Tidal Investments LLC boosted its position in DTE Energy by 4.0% during the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock valued at $320,000 after purchasing an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in DTE Energy by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock worth $525,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Joann Chavez sold 7,062 shares of DTE Energy 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock worth $1,559,205 over the last ninety days. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DTE. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. BMO Capital Markets lifted their target price on shares of 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 upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Morgan Stanley boosted 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, Guggenheim increased their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.58.

DTE Energy Stock Up 0.1 %

DTE traded up $0.16 during trading on Tuesday, hitting $133.35. The company had a trading volume of 446,405 shares, compared to its average volume of 1,349,533. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a one year low of $103.06 and a one year high of $140.39. The company has a market capitalization of $27.67 billion, a PE ratio of 19.70, a PEG ratio of 2.41 and a beta of 0.49. The firm's 50-day moving average price is $131.89 and its 200 day moving average price is $125.88.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, equities analysts expect 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.27%. DTE Energy's dividend payout ratio is presently 64.40%.

DTE Energy 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.