Swiss National Bank Sells 29,400 Shares of DTE Energy (NYSE:DTE)

Swiss National Bank decreased its holdings in DTE Energy (NYSE:DTE - Free Report) by 4.8% during the 4th quarter, according to its most recent disclosure 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 about 0.28% of DTE Energy worth $70,615,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP boosted its position in DTE Energy by 16.0% during the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after purchasing an additional 336 shares during the period. Jones Financial Companies Lllp grew its stake in DTE Energy by 72.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after buying an additional 2,642 shares during the last quarter. Nordea Investment Management AB raised its holdings in DTE Energy by 2,235.2% in 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. Patton Albertson Miller Group LLC lifted its position in DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after acquiring an additional 3,306 shares during the last quarter. Finally, Hancock Whitney Corp boosted its holdings in shares of DTE Energy by 80.0% during the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider's stock worth $1,655,000 after acquiring an additional 5,725 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, CAO Tracy J. Myrick sold 1,014 shares of the firm's 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 directly owns 3,437 shares in the company, valued at $446,535.04. This trade represents a 22.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. This trade represents a 35.35 % 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 valued at $1,559,205 in the last ninety days. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DTE has been the subject of several recent research reports. Scotiabank boosted their price target on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Morgan Stanley cut their price objective on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Guggenheim upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Finally, UBS Group raised DTE Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.09.

DTE Energy Trading Up 1.3 %

Shares of NYSE DTE traded up $1.73 during trading on Monday, reaching $135.90. The company had a trading volume of 605,488 shares, compared to its average volume of 1,076,930. DTE Energy has a 12 month low of $103.06 and a 12 month high of $136.28. 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 stock has a market cap of $28.16 billion, a P/E ratio of 20.07, a PEG ratio of 2.41 and a beta of 0.59. The company's fifty day moving average price is $125.78 and its 200-day moving average price is $124.47.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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, research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. DTE Energy's payout ratio is currently 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.