DTE Energy (NYSE:DTE) Shares Sold by National Pension Service

National Pension Service trimmed its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,174 shares of the utilities provider's stock after selling 25,089 shares during the period. National Pension Service owned about 0.12% of DTE Energy worth $30,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC lifted its position in shares of DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider's stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the period. State Street Corp increased its stake in DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock valued at $1,319,264,000 after purchasing an additional 662,569 shares in the last quarter. Zimmer Partners LP acquired a new position in DTE Energy during the third quarter worth $69,894,000. Point72 Asset Management L.P. purchased a new stake in DTE Energy during the third quarter worth $66,733,000. Finally, Nordea Investment Management AB grew its holdings in DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after purchasing an additional 211,763 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Scotiabank boosted 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 report on Thursday, December 12th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Guggenheim upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and an average price target of $135.67.

Insider Transactions at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,877 shares of company stock valued at $1,559,205. Insiders own 0.61% of the company's stock.

DTE Energy Stock Up 0.1 %

NYSE:DTE traded up $0.12 on Wednesday, reaching $132.06. The stock had a trading volume of 1,703,259 shares, compared to its average volume of 1,074,621. The company has a 50-day moving average of $124.22 and a 200 day moving average of $124.05. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The stock has a market cap of $27.37 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. DTE Energy has a 12-month low of $103.06 and a 12-month high of $136.28.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 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%. On average, research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business 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 of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.30%. DTE Energy's dividend payout ratio is presently 64.40%.

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.