DTE Energy (NYSE:DTE) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. lowered its position in shares of DTE Energy (NYSE:DTE) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,888 shares of the utilities provider’s stock after selling 1,539 shares during the period. DTE Energy accounts for approximately 1.1% of Howe & Rusling Inc.’s portfolio, making the stock its 23rd largest position. Howe & Rusling Inc.’s holdings in DTE Energy were worth $13,269,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Allworth Financial LP boosted its position in shares of DTE Energy by 16.0% during the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider’s stock worth $293,000 after acquiring an additional 336 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 2,642 shares during the last quarter. Nordea Investment Management AB boosted its holdings in DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after purchasing an additional 211,763 shares in the last quarter. Patton Albertson Miller Group LLC increased its stake 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 valued at $5,667,000 after purchasing an additional 3,306 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in DTE Energy by 4.4% during the fourth quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider’s stock worth $1,139,000 after purchasing an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred 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 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 is accessible through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the business’s stock in a transaction on Monday, February 24th. The shares were 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 $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. In the last three months, insiders sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DTE. Guggenheim lifted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Scotiabank raised their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report 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 stock has an average rating of “Moderate Buy” and a consensus price target of $138.58.

DTE Energy Stock Performance

DTE Energy stock opened at $135.55 on Thursday. 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 has a fifty-two week low of $103.06 and a fifty-two week high of $138.22. The stock has a fifty day moving average of $128.34 and a two-hundred day moving average of $125.10. The company has a market capitalization of $28.13 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.41 and a beta of 0.59.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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%. On average, analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.22%. DTE Energy’s 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.