Banco Bilbao Vizcaya Argentaria S.A. Has $515,000 Holdings in DTE Energy (NYSE:DTE)

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in DTE Energy (NYSE:DTE - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,263 shares of the utilities provider's stock after selling 2,192 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in DTE Energy were worth $515,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Barclays PLC increased its position in DTE Energy by 11.9% during the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock worth $96,961,000 after purchasing an additional 80,543 shares in the last quarter. World Investment Advisors LLC acquired a new stake in DTE Energy in the 3rd quarter valued at $269,000. Arvest Bank Trust Division acquired a new position in shares of DTE Energy during the third quarter worth about $10,338,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of DTE Energy during the 3rd quarter valued at about $155,000. Finally, Tidal Investments LLC grew its position in DTE Energy by 4.0% in the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock valued at $320,000 after acquiring an additional 96 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

DTE Energy stock traded up $0.51 on Friday, reaching $136.35. The company's stock had a trading volume of 709,895 shares, compared to its average volume of 1,208,269. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39. The business's fifty day moving average price is $133.77 and its 200 day moving average price is $126.65. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market cap of $28.29 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same quarter last year, the firm earned $1.67 EPS. Equities analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were issued a dividend of $1.09 per share. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. DTE Energy's payout ratio is 64.40%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Guggenheim raised their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Evercore ISI increased their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday. Finally, StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.31.

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were 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 of the company's stock, valued at $1,862,470.80. This represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,877 shares of company stock worth $1,559,205. Corporate insiders own 0.33% of the company's stock.

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.