DTE Energy (NYSE:DTE) Stake Increased by Norinchukin Bank The

Norinchukin Bank The grew its stake in shares of DTE Energy (NYSE:DTE) by 12.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,841 shares of the utilities provider’s stock after purchasing an additional 1,056 shares during the quarter. Norinchukin Bank The’s holdings in DTE Energy were worth $1,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP increased 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 valued at $293,000 after buying an additional 336 shares during 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 worth $26,706,000 after purchasing an additional 211,763 shares during the period. Orion Portfolio Solutions LLC increased its stake in DTE Energy by 39.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider’s stock valued at $693,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Patton Albertson Miller Group LLC raised its holdings in shares of DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock worth $5,667,000 after purchasing an additional 3,306 shares during the period. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Guggenheim boosted their price target 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 lifted 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 report on Monday. Finally, Morgan Stanley upped 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $139.17.

Insider Buying and Selling

In other news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction 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 in the company, valued at $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by corporate insiders.

DTE Energy Stock Performance

Shares of DTE opened at $131.93 on Tuesday. 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 firm’s 50 day moving average is $132.81 and its 200-day moving average is $126.05. DTE Energy has a 12-month low of $107.88 and a 12-month high of $140.39. The stock has a market capitalization of $27.38 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE) last posted 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a $1.09 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.30%. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

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.