Gulf International Bank UK Ltd Lowers Holdings in DTE Energy (NYSE:DTE)

Gulf International Bank UK Ltd trimmed its holdings in DTE Energy (NYSE:DTE) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. State Street Corp lifted its position 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 valued at $1,319,264,000 after acquiring an additional 662,569 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of DTE Energy by 44,009.5% in 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 in the last quarter. Janus Henderson Group PLC lifted its position in shares of DTE Energy by 2.4% in the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock worth $349,309,000 after buying an additional 64,880 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of DTE Energy by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock worth $163,702,000 after buying an additional 14,937 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of DTE Energy by 3.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider’s stock worth $116,512,000 after buying an additional 30,909 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the 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 sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. This trade represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 over the last quarter. 0.61% of the stock is owned by corporate insiders.

DTE Energy Trading Up 1.5 %

DTE opened at $133.76 on Friday. DTE Energy has a one year low of $103.06 and a one year high of $134.11. The stock has a market cap of $27.72 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 2.41 and a beta of 0.68. The stock’s 50 day moving average price is $123.47 and its 200-day moving average price is $123.80. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data 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 return on equity of 12.42% and a net margin of 11.27%. On average, equities analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.26%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of recent research reports. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley decreased their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets upped their price objective on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Scotiabank upped their price objective on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.67.

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.