National Bank of Canada FI Sells 153,145 Shares of DTE Energy (NYSE:DTE)

National Bank of Canada FI cut its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 54.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,408 shares of the utilities provider's stock after selling 153,145 shares during the quarter. National Bank of Canada FI owned 0.06% of DTE Energy worth $15,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at $30,000. Versant Capital Management Inc boosted its stake in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 267 shares in the last quarter. Robbins Farley acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $57,000. Kestra Investment Management LLC bought a new position in DTE Energy in the 4th quarter valued at approximately $57,000. Finally, AdvisorNet Financial Inc boosted its position in DTE Energy by 81.5% during the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after buying an additional 313 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Down 2.3 %

DTE traded down $2.99 during midday trading on Thursday, reaching $127.52. 583,711 shares of the company were exchanged, compared to its average volume of 1,333,747. DTE Energy has a one year low of $103.06 and a one year high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company's fifty day moving average price is $131.35 and its 200 day moving average price is $125.79. The company has a market cap of $26.46 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49.

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DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's payout ratio is 64.40%.

Analyst Ratings Changes

A number of brokerages have recently commented on DTE. Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets raised their price objective 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. Guggenheim upped their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Scotiabank upped their price objective 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. Five investment 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 currently has an average rating of "Moderate Buy" and an average price target of $138.58.

Insider Buying and Selling

In related news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction dated 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 directly owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock worth $1,559,205. 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.