Westwood Holdings Group Inc. Has $13.34 Million Stock Holdings in DTE Energy (NYSE:DTE)

Westwood Holdings Group Inc. decreased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 83.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,506 shares of the utilities provider's stock after selling 566,476 shares during the period. Westwood Holdings Group Inc. owned 0.05% of DTE Energy worth $13,344,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Robbins Farley acquired a new stake in DTE Energy during the fourth quarter valued at $57,000. Kestra Investment Management LLC bought a new position in DTE Energy during the fourth quarter valued at about $57,000. Colonial Trust Co SC raised its holdings in DTE Energy by 1,266.7% during the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after buying an additional 608 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in DTE Energy during the fourth quarter valued at about $87,000. Finally, Catalyst Capital Advisors LLC bought a new position in DTE Energy during the fourth quarter valued at about $88,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

DTE has been the topic of several recent research reports. Citigroup raised their target price on DTE Energy from $142.00 to $151.00 and gave the company a "buy" rating in a report on Friday. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. 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 report on Thursday. Finally, Evercore ISI raised their target price on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Stock Performance

DTE traded up $1.79 on Friday, hitting $136.41. 1,069,005 shares of the stock traded hands, compared to its average volume of 1,249,378. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. 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 $28.31 billion, a PE ratio of 20.15, a P/E/G ratio of 2.41 and a beta of 0.47. The business has a fifty day moving average price of $134.80 and a two-hundred day moving average price of $127.78.

DTE Energy (NYSE:DTE - Get Free Report) last issued 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 firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $1.67 earnings per share. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.20%. DTE Energy's dividend payout ratio is currently 58.92%.

Insider Activity

In other news, SVP Joann Chavez sold 7,062 shares of the business's 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 transaction, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. The trade was a 33.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.