DTE Energy (NYSE:DTE) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in shares of DTE Energy (NYSE:DTE) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,119 shares of the utilities provider’s stock after selling 168 shares during the period. Gulf International Bank UK Ltd’s holdings in DTE Energy were worth $1,946,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC grew its position in DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after buying an additional 7,023,042 shares during the period. State Street Corp increased its stake in shares of DTE Energy by 7.0% in the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after purchasing an additional 662,569 shares during the period. Zimmer Partners LP bought a new position in DTE Energy during the third quarter valued at about $69,894,000. Point72 Asset Management L.P. bought a new position in DTE Energy during the third quarter valued at about $66,733,000. Finally, Nordea Investment Management AB boosted its holdings in DTE Energy by 2,235.2% during 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. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank increased their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley reduced their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.67.

Insiders Place Their Bets

In other news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy 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 transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.61% of the stock is owned by insiders.

DTE Energy Trading Up 1.5 %

Shares of DTE opened at $133.76 on Friday. DTE Energy has a twelve month low of $103.06 and a twelve month high of $134.11. The company has a market cap of $27.72 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.41 and a beta of 0.68. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The company’s fifty day simple moving average is $123.47 and its 200-day simple moving average is $123.80.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS 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%. As a group, analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio is presently 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.