Mutual of America Capital Management LLC Sells 1,696 Shares of DTE Energy (NYSE:DTE)

Mutual of America Capital Management LLC lowered its stake in shares of DTE Energy (NYSE:DTE) by 5.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 31,462 shares of the utilities provider’s stock after selling 1,696 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DTE Energy were worth $3,469,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Milestone Investment Advisors LLC acquired a new stake in DTE Energy in the third quarter worth about $36,000. Compagnie Lombard Odier SCmA acquired a new stake in DTE Energy in the third quarter worth about $37,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in DTE Energy in the third quarter worth about $41,000. Authentikos Wealth Advisory LLC acquired a new stake in DTE Energy in the third quarter worth about $43,000. Finally, Horizon Bancorp Inc. IN acquired a new stake in DTE Energy in the third quarter worth about $54,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several recent analyst reports. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. BMO Capital Markets raised their price target on DTE Energy from $111.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday. Morgan Stanley raised their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. KeyCorp raised their price objective on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, Wolfe Research cut DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $114.56.

Insider Activity at DTE Energy

In related news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at $743,200.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Matthew T. Paul sold 5,850 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $743,200.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is owned by corporate insiders.

DTE Energy Trading Up 2.0 %

Shares of NYSE:DTE opened at $105.27 on Thursday. The business has a 50-day moving average price of $108.61 and a 200-day moving average price of $105.55. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.58. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.62 and a beta of 0.64. DTE Energy has a 52-week low of $90.14 and a 52-week high of $116.73.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.01. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same period last year, the business earned $1.31 earnings per share. Equities analysts predict that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.88%. The ex-dividend date was Friday, March 15th. DTE Energy’s dividend payout ratio is currently 60.36%.

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.