Mitsubishi UFJ Trust & Banking Corp Cuts Position in DTE Energy (NYSE:DTE)

Mitsubishi UFJ Trust & Banking Corp cut its stake in DTE Energy (NYSE:DTE - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,627 shares of the utilities provider's stock after selling 6,038 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in DTE Energy were worth $11,909,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP boosted its position in shares of DTE Energy by 16.0% in the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock valued at $293,000 after purchasing an additional 336 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of DTE Energy by 72.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after acquiring an additional 2,642 shares during the period. Nordea Investment Management AB grew its position in shares of DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock worth $26,706,000 after acquiring an additional 211,763 shares during the last quarter. Patton Albertson Miller Group LLC increased its holdings in shares of DTE Energy by 7.6% in the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock valued at $5,667,000 after acquiring an additional 3,306 shares during the period. Finally, M&T Bank Corp raised its position in DTE Energy by 4.4% in the 4th quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock valued at $1,139,000 after purchasing an additional 395 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

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Analyst Upgrades and Downgrades

DTE has been the subject of a number of research reports. KeyCorp cut shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Morgan Stanley upped their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Guggenheim lifted their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Finally, Scotiabank upped their price objective 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.58.

DTE Energy Price Performance

DTE Energy stock traded up $1.10 during mid-day trading on Thursday, reaching $139.10. The company had a trading volume of 345,630 shares, compared to its average volume of 1,161,630. The stock's 50-day simple moving average is $129.78 and its 200-day simple moving average is $125.53. The company has a market capitalization of $28.87 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. DTE Energy has a 1 year low of $103.06 and a 1 year high of $140.08.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share 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%. On average, equities analysts predict 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. Shareholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Insider Activity

In other news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This represents a 35.35 % decrease in their position. 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. 0.33% of the stock is currently owned by 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.