DTE Energy (NYSE:DTE) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its holdings in shares of DTE Energy (NYSE:DTE) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,447 shares of the utilities provider’s stock after acquiring an additional 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DTE Energy were worth $9,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTE. Assenagon Asset Management S.A. grew its holdings in DTE Energy by 2.2% during the third quarter. Assenagon Asset Management S.A. now owns 6,550 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 143 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in DTE Energy by 47.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,416 shares of the utilities provider’s stock worth $1,709,000 after acquiring an additional 4,340 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in DTE Energy by 2.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,657 shares of the utilities provider’s stock worth $2,267,000 after acquiring an additional 394 shares during the period. abrdn plc grew its holdings in DTE Energy by 36.8% during the third quarter. abrdn plc now owns 76,361 shares of the utilities provider’s stock worth $9,777,000 after acquiring an additional 20,524 shares during the period. Finally, Golden State Equity Partners acquired a new position in DTE Energy during the third quarter worth $246,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DTE. BMO Capital Markets upped their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.67.

DTE Energy Stock Up 1.5 %

Shares of NYSE:DTE opened at $133.76 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 52-week low of $103.06 and a 52-week high of $134.11. The stock’s fifty day simple moving average is $123.47 and its 200-day simple moving average is $123.80. The company has a market capitalization 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.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, equities research analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 3.26%. DTE Energy’s payout ratio is currently 64.40%.

Insider Activity at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the company’s 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 transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the company’s 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 completion of the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.61% of the stock is currently owned by insiders.

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.