Tower Research Capital LLC TRC Sells 3,216 Shares of DTE Energy (NYSE:DTE)

Tower Research Capital LLC TRC trimmed its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 17.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,491 shares of the utilities provider's stock after selling 3,216 shares during the period. Tower Research Capital LLC TRC's holdings in DTE Energy were worth $1,871,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Allworth Financial LP grew its holdings in DTE Energy by 16.0% in the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after purchasing an additional 336 shares during the period. Jones Financial Companies Lllp grew its stake in shares of DTE Energy by 72.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after buying an additional 2,642 shares during the period. Nordea Investment Management AB increased its position in DTE Energy by 2,235.2% in the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after buying an additional 211,763 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in DTE Energy by 39.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after buying an additional 1,618 shares during the period. Finally, Patton Albertson Miller Group LLC boosted its holdings in DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after acquiring an additional 3,306 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the 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 transaction, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DTE has been the topic of a number of research reports. Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. BMO Capital Markets raised their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Guggenheim raised 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. Finally, StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $139.17.

DTE Energy Stock Up 3.0 %

DTE stock opened at $135.79 on Wednesday. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The stock has a market cap of $28.18 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.41 and a beta of 0.49. The stock's fifty day simple moving average is $132.97 and its two-hundred day simple moving average is $126.11. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

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 for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy's dividend payout ratio is currently 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.

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