Westwood Holdings Group Inc. Sells 566,476 Shares of DTE Energy (NYSE:DTE)

Westwood Holdings Group Inc. trimmed its position in shares of DTE Energy (NYSE:DTE - Free Report) by 83.7% during the 4th quarter, according to its most recent Form 13F filing 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 quarter. Westwood Holdings Group Inc. owned approximately 0.05% of DTE Energy worth $13,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Robbins Farley bought a new stake in DTE Energy during the fourth quarter worth about $57,000. Kestra Investment Management LLC bought a new stake in shares of DTE Energy during the fourth quarter valued at approximately $57,000. Colonial Trust Co SC grew its stake in shares of 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 purchasing an additional 608 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of DTE Energy during the fourth quarter valued at approximately $87,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of DTE Energy during the fourth quarter valued at approximately $88,000. 76.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. This trade represents a 22.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.33% of the company's stock.

DTE Energy Price Performance

Shares of DTE stock opened at $138.40 on Tuesday. DTE Energy has a 52-week low of $108.40 and a 52-week high of $140.39. The stock has a market cap of $28.72 billion, a PE ratio of 20.44, a PEG ratio of 2.41 and a beta of 0.47. 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's 50 day moving average price is $134.67 and its two-hundred day moving average price is $127.42.

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

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.15%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Analysts Set New Price Targets

Several research firms have recently commented on DTE. Morgan Stanley increased their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Wells Fargo & Company increased their price target on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. StockNews.com cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Evercore ISI increased their price target 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and a consensus price target of $140.31.

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.

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