Thrivent Financial for Lutherans Has $7.73 Million Stake in DTE Energy (NYSE:DTE)

Thrivent Financial for Lutherans cut its holdings in DTE Energy (NYSE:DTE - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,049 shares of the utilities provider's stock after selling 21,819 shares during the quarter. Thrivent Financial for Lutherans' holdings in DTE Energy were worth $7,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in DTE Energy during the third quarter valued at approximately $30,000. Versant Capital Management Inc increased its holdings in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after buying an additional 267 shares in the last quarter. Robbins Farley acquired a new stake in shares of DTE Energy during the 4th quarter valued at $57,000. Kestra Investment Management LLC bought a new stake in shares of DTE Energy during the 4th quarter worth $57,000. Finally, Brooklyn Investment Group acquired a new position in shares of DTE Energy in the 3rd quarter worth $83,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,877 shares of company stock worth $1,559,205. 0.33% of the stock is owned by insiders.

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DTE Energy Stock Down 0.4 %

NYSE:DTE traded down $0.55 during trading hours on Thursday, reaching $135.17. The company's stock had a trading volume of 1,204,808 shares, compared to its average volume of 1,095,800. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The company has a market cap of $28.05 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a one year low of $103.06 and a one year high of $138.22. The business's 50-day moving average is $128.34 and its 200-day moving average is $125.10.

DTE Energy (NYSE:DTE - Get Free Report) last released 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 return on equity of 12.42% and a net margin of 11.27%. Equities research analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio is currently 64.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DTE. Scotiabank lifted their price target 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. BMO Capital Markets lifted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Guggenheim upped their price target 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. Morgan Stanley boosted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Finally, KeyCorp lowered DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $138.58.

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.