BI Asset Management Fondsmaeglerselskab A S Has $693,000 Stock Holdings in DTE Energy (NYSE:DTE)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 59.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,738 shares of the utilities provider's stock after selling 8,570 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in DTE Energy were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP grew its position in shares of DTE Energy by 16.0% during the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after buying an additional 336 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of DTE Energy by 72.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock valued at $760,000 after acquiring an additional 2,642 shares in the last quarter. Nordea Investment Management AB raised its position in shares of DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after acquiring an additional 211,763 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in DTE Energy by 39.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Patton Albertson Miller Group LLC boosted its holdings in DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after purchasing an additional 3,306 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Stock Performance

DTE stock traded up $0.92 during trading on Tuesday, reaching $136.61. 133,420 shares of the stock were exchanged, compared to its average volume of 1,195,130. The stock has a 50 day simple moving average of $133.49 and a 200-day simple moving average of $126.44. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $28.35 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, sell-side analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy's payout ratio is 64.40%.

Insider Buying and Selling

In related news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred 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 sale, the senior vice president now owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares of the company's stock, valued at $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 in the last 90 days. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DTE. Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley raised their target price on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, DTE Energy currently has an average rating of "Moderate Buy" and a consensus target price of $139.17.

DTE Energy 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.