DTE Energy (NYSE:DTE) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of DTE Energy (NYSE:DTEFree Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 496,580 shares of the utilities provider’s stock after selling 4,353 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.24% of DTE Energy worth $55,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PBMares Wealth Management LLC raised its stake in shares of DTE Energy by 4.5% in the 4th quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 100 shares in the last quarter. ASB Consultores LLC raised its stake in DTE Energy by 5.6% during the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock valued at $212,000 after buying an additional 114 shares in the last quarter. Secure Asset Management LLC lifted its holdings in DTE Energy by 1.7% during the 4th quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider’s stock worth $848,000 after buying an additional 127 shares during the last quarter. Executive Wealth Management LLC grew its position in shares of DTE Energy by 0.6% in the 4th quarter. Executive Wealth Management LLC now owns 21,652 shares of the utilities provider’s stock worth $2,387,000 after acquiring an additional 128 shares in the last quarter. Finally, Rise Advisors LLC increased its holdings in shares of DTE Energy by 89.6% in the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DTE shares. TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Morgan Stanley decreased their price target on shares of DTE Energy from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Barclays increased their price objective on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. lifted their target price on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, KeyCorp increased their price target on DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $115.67.

Check Out Our Latest Report on DTE Energy

Insider Transactions at DTE Energy

In related news, COO Mark W. Stiers sold 10,000 shares of DTE Energy stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the transaction, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at $4,862,836. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the completion of the sale, the insider now directly owns 59,475 shares of the company’s stock, valued at approximately $6,843,788.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Mark W. Stiers sold 10,000 shares of DTE Energy stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total value of $1,160,000.00. Following the completion of the transaction, the chief operating officer now owns 41,921 shares in the company, valued at $4,862,836. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,698 shares of company stock valued at $1,702,444. Corporate insiders own 0.28% of the company’s stock.

DTE Energy Stock Up 0.5 %

DTE opened at $109.77 on Friday. The stock’s 50 day moving average price is $112.84 and its 200 day moving average price is $109.88. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market cap of $22.72 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.99 and a beta of 0.66. DTE Energy has a 12 month low of $90.14 and a 12 month high of $117.44.

DTE Energy (NYSE:DTEGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. As a group, research analysts predict that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, September 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.78%.

DTE Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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