Mn Services Vermogensbeheer B.V. Sells 5,800 Shares of DTE Energy (NYSE:DTE)

Mn Services Vermogensbeheer B.V. decreased its position in DTE Energy (NYSE:DTE - Free Report) by 7.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 74,647 shares of the utilities provider's stock after selling 5,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in DTE Energy were worth $10,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. Capital World Investors grew its holdings in shares of DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of DTE Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after purchasing an additional 115,270 shares during the last quarter. Boston Partners lifted its stake in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after acquiring an additional 582,643 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in DTE Energy by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock worth $329,988,000 after acquiring an additional 12,554 shares during the period. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $133.12 on Tuesday. 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 firm has a market capitalization of $27.62 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.41 and a beta of 0.45. The business has a fifty day simple moving average of $134.89 and a two-hundred day simple moving average of $129.28. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39.

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

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.28%. DTE Energy's payout ratio is presently 58.92%.

Analyst Ratings Changes

DTE has been the subject of a number of research analyst reports. Guggenheim raised their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Evercore ISI raised their price target on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their price target on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Finally, Morgan Stanley dropped their price target on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.93.

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.

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