TIAA Trust National Association Sells 758 Shares of DTE Energy (NYSE:DTE)

TIAA Trust National Association decreased its holdings in DTE Energy (NYSE:DTE) by 22.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,621 shares of the utilities provider’s stock after selling 758 shares during the quarter. TIAA Trust National Association’s holdings in DTE Energy were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $30,000. Versant Capital Management Inc raised its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares in the last quarter. Robbins Farley bought a new stake in shares of DTE Energy during the 4th quarter valued at $57,000. Kestra Investment Management LLC acquired a new stake in shares of DTE Energy during the 4th quarter worth $57,000. Finally, Brooklyn Investment Group bought a new position in shares of DTE Energy in the third quarter worth $83,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.9 %

Shares of NYSE DTE opened at $136.47 on Friday. DTE Energy has a 1 year low of $103.06 and a 1 year high of $138.22. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The firm has a market cap of $28.32 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a 50 day simple moving average of $128.84 and a 200 day simple moving average of $125.25.

DTE Energy (NYSE:DTE) last announced its earnings results 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, research analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.19%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Insiders Place Their Bets

In related news, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DTE shares. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Scotiabank boosted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $138.58.

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.