Westwood Holdings Group Inc. Lowers Position in DTE Energy Company (NYSE:DTE)

Westwood Holdings Group Inc. trimmed its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,650 shares of the utilities provider's stock after selling 4,856 shares during the quarter. Westwood Holdings Group Inc. owned about 0.05% of DTE Energy worth $14,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bessemer Group Inc. grew its stake in shares of DTE Energy by 5.1% during the first quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider's stock worth $303,000 after purchasing an additional 107 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of DTE Energy by 17.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider's stock valued at $293,000 after purchasing an additional 318 shares in the last quarter. Fifth Third Bancorp grew its position in shares of DTE Energy by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 7,705 shares of the utilities provider's stock valued at $1,065,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC boosted its holdings in shares of DTE Energy by 8.3% in the first quarter. GAMMA Investing LLC now owns 8,560 shares of the utilities provider's stock valued at $1,184,000 after buying an additional 658 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of DTE Energy during the fourth quarter worth $351,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Up 0.1%

Shares of DTE traded up $0.09 during trading hours on Friday, hitting $140.30. The stock had a trading volume of 1,348,609 shares, compared to its average volume of 1,348,985. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $141.54. The firm has a 50 day simple moving average of $134.82 and a 200-day simple moving average of $132.89. The firm has a market capitalization of $29.12 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.78 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.67 billion. Sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 annualized dividend and a dividend yield of 3.1%. DTE Energy's payout ratio is 62.73%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DTE shares. Morgan Stanley cut their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company raised their target price on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup restated a "buy" rating and issued a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. BMO Capital Markets raised their price target 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. Finally, Evercore ISI raised their target price on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

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.