Ontario Teachers Pension Plan Board Has $906,000 Position in DTE Energy (NYSE:DTE)

Ontario Teachers Pension Plan Board lessened its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 55.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,501 shares of the utilities provider's stock after selling 9,514 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in DTE Energy were worth $906,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc grew its position in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 267 shares in the last quarter. Robbins Farley acquired a new stake in DTE Energy during the 4th quarter worth approximately $57,000. Kestra Investment Management LLC purchased a new position in DTE Energy in the 4th quarter valued at approximately $57,000. AdvisorNet Financial Inc grew its stake in shares of DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock worth $84,000 after acquiring an additional 313 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of DTE Energy during the fourth quarter worth $87,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, 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 sold 11,877 shares of company stock worth $1,559,205 in the last quarter. 0.33% of the stock is owned by company insiders.

DTE Energy Stock Performance

Shares of DTE Energy stock traded up $4.02 during trading hours on Tuesday, reaching $135.80. The company's stock had a trading volume of 543,283 shares, compared to its average volume of 1,185,436. The stock has a market cap of $28.18 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a one year low of $107.88 and a one year high of $140.39. The company's 50 day simple moving average is $132.81 and its 200 day simple moving average is $126.05. 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 posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping 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, analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Monday, March 17th. DTE Energy's dividend payout ratio is 64.40%.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday. Morgan Stanley raised their price objective on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Guggenheim boosted their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a report on Thursday, February 20th. 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 currently has a consensus rating of "Moderate Buy" and an average target price of $139.17.

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.