DTE Energy (NYSE:DTE) Position Decreased by National Bank of Canada FI

National Bank of Canada FI reduced its holdings in DTE Energy (NYSE:DTE) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,408 shares of the utilities provider’s stock after selling 153,145 shares during the quarter. National Bank of Canada FI’s holdings in DTE Energy were worth $15,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the third quarter worth approximately $30,000. Versant Capital Management Inc boosted its stake in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares in the last quarter. Robbins Farley acquired a new position in shares of DTE Energy in the 4th quarter worth $57,000. Kestra Investment Management LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth $57,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of DTE Energy by 81.5% during the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 313 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. 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. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $138.58.

DTE Energy Stock Down 5.5 %

DTE opened at $131.85 on Friday. The company has a market capitalization of $27.36 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The business has a 50-day moving average of $130.43 and a 200-day moving average of $125.66. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $140.39. 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 (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.31%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Insiders Place Their Bets

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy 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 transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 over the last quarter. Insiders own 0.33% of the company’s stock.

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.