Nuveen Asset Management LLC Sells 33,345 Shares of DTE Energy (NYSE:DTE)

Nuveen Asset Management LLC cut its position in shares of DTE Energy (NYSE:DTE - Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 433,399 shares of the utilities provider's stock after selling 33,345 shares during the quarter. Nuveen Asset Management LLC owned about 0.21% of DTE Energy worth $52,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp raised its stake in DTE Energy by 20.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 8,622 shares of the utilities provider's stock valued at $1,041,000 after buying an additional 1,468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in DTE Energy by 59.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,906 shares of the utilities provider's stock valued at $7,958,000 after buying an additional 24,547 shares during the last quarter. Lazard Asset Management LLC raised its stake in DTE Energy by 78.8% during the fourth quarter. Lazard Asset Management LLC now owns 5,547 shares of the utilities provider's stock valued at $669,000 after buying an additional 2,444 shares during the last quarter. LMR Partners LLP purchased a new position in shares of DTE Energy in the fourth quarter worth $799,000. Finally, Janus Henderson Group PLC raised its stake in shares of 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 purchasing an additional 12,554 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several recent analyst reports. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Morgan Stanley boosted their price target on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. StockNews.com cut DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday. Guggenheim lifted their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and an average price target of $140.31.

DTE Energy Stock Performance

NYSE:DTE opened at $138.19 on Monday. The stock has a 50-day simple moving average of $134.53 and a two-hundred day simple moving average of $127.30. DTE Energy has a 52-week low of $108.40 and a 52-week high of $140.39. 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 firm has a market capitalization of $28.68 billion, a PE ratio of 20.41, a P/E/G ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (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 in the previous year, the company posted $1.67 earnings per share. Analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.16%. The ex-dividend date is Monday, June 16th. DTE Energy's dividend payout ratio is presently 58.92%.

Insider Buying and Selling at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the company's 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 completion of the transaction, the chief operating officer now owns 6,951 shares of the company's stock, valued at $900,571.56. This represents 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 hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was 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 directly owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This trade represents a 22.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.33% of the company's stock.

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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