Swiss National Bank Has $70.62 Million Stock Holdings in DTE Energy (NYSE:DTE)

Swiss National Bank lessened its position in DTE Energy (NYSE:DTE - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 584,800 shares of the utilities provider's stock after selling 29,400 shares during the period. Swiss National Bank owned approximately 0.28% of DTE Energy worth $70,615,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Avantax Advisory Services Inc. increased its holdings in shares of DTE Energy by 18.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 13,904 shares of the utilities provider's stock worth $1,679,000 after acquiring an additional 2,211 shares during the period. EverSource Wealth Advisors LLC grew its position in DTE Energy by 8.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after buying an additional 90 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in DTE Energy by 4.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,410 shares of the utilities provider's stock valued at $1,982,000 after buying an additional 691 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of DTE Energy by 11.0% during the 4th quarter. HighTower Advisors LLC now owns 83,654 shares of the utilities provider's stock valued at $10,101,000 after purchasing an additional 8,281 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in shares of DTE Energy by 42.6% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,570 shares of the utilities provider's stock valued at $310,000 after purchasing an additional 768 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research firms have recently issued reports on DTE. Scotiabank increased their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Barclays downgraded 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. Guggenheim upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets lifted their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and an average price target of $137.09.

Insider Activity at DTE Energy

In related 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 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 $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 Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $131,738.88. Following the completion of the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 over the last ninety days. 0.28% of the stock is owned by insiders.

DTE Energy Price Performance

Shares of NYSE DTE traded up $2.71 during midday trading on Friday, reaching $135.42. 1,086,276 shares of the company traded hands, compared to its average volume of 1,078,663. The firm has a market cap of $28.07 billion, a PE ratio of 20.00, a PEG ratio of 2.41 and a beta of 0.59. The stock's 50-day simple moving average is $125.78 and its 200-day simple moving average is $124.47. DTE Energy has a 12 month low of $103.06 and a 12 month high of $136.28. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

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 analysts' consensus estimates 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, equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal 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 issued a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.22%. DTE Energy's dividend payout ratio 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.