Sei Investments Co. Trims Stock Position in DTE Energy (NYSE:DTE)

Sei Investments Co. lessened its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 23.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,702 shares of the utilities provider's stock after selling 12,728 shares during the period. Sei Investments Co.'s holdings in DTE Energy were worth $5,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. D.A. Davidson & CO. boosted its position in shares of DTE Energy by 2.4% during the 3rd quarter. D.A. Davidson & CO. now owns 5,037 shares of the utilities provider's stock worth $647,000 after purchasing an additional 119 shares in the last quarter. FMR LLC raised its stake in DTE Energy by 6.1% during the 3rd quarter. FMR LLC now owns 342,608 shares of the utilities provider's stock worth $43,994,000 after buying an additional 19,678 shares during the period. Townsquare Capital LLC boosted its holdings in DTE Energy by 10.1% in the third quarter. Townsquare Capital LLC now owns 8,831 shares of the utilities provider's stock worth $1,134,000 after acquiring an additional 810 shares in the last quarter. Edgestream Partners L.P. grew its stake in DTE Energy by 124.4% in the third quarter. Edgestream Partners L.P. now owns 11,637 shares of the utilities provider's stock valued at $1,494,000 after acquiring an additional 6,452 shares during the period. Finally, Atom Investors LP increased its holdings in shares of DTE Energy by 33.2% during the third quarter. Atom Investors LP now owns 2,540 shares of the utilities provider's stock valued at $326,000 after acquiring an additional 633 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 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 report on Friday, March 21st. BMO Capital Markets upped their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Scotiabank increased their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.58.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction 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. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by insiders.

DTE Energy Stock Performance

Shares of DTE Energy stock traded down $7.65 during trading hours on Friday, hitting $131.85. 1,732,004 shares of the company's stock traded hands, compared to its average volume of 1,169,727. The stock has a market capitalization of $27.36 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.41 and a beta of 0.49. 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 12-month low of $103.06 and a 12-month high of $140.39. The company has a fifty day simple moving average of $130.43 and a 200-day simple moving average of $125.67.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.31%. DTE Energy's payout ratio is 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.