First Trust Advisors LP Lowers Holdings in DTE Energy (NYSE:DTE)

First Trust Advisors LP trimmed its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 529,927 shares of the utilities provider's stock after selling 8,731 shares during the period. First Trust Advisors LP owned approximately 0.26% of DTE Energy worth $63,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. HITE Hedge Asset Management LLC raised its position in DTE Energy by 196.7% in the 4th quarter. HITE Hedge Asset Management LLC now owns 964,919 shares of the utilities provider's stock worth $116,514,000 after buying an additional 639,659 shares during the last quarter. GeoWealth Management LLC raised its stake in DTE Energy by 62.9% during the 4th quarter. GeoWealth Management LLC now owns 1,619 shares of the utilities provider's stock valued at $195,000 after buying an additional 625 shares during the last quarter. Capital International Sarl bought a new stake in shares of DTE Energy in the fourth quarter worth $500,000. CANADA LIFE ASSURANCE Co increased its position in DTE Energy by 4.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 104,067 shares of the utilities provider's stock valued at $12,562,000 after acquiring an additional 4,243 shares during the last quarter. Finally, Zacks Investment Management lifted its holdings in DTE Energy by 18.8% in the fourth quarter. Zacks Investment Management now owns 2,308 shares of the utilities provider's stock valued at $279,000 after acquiring an additional 365 shares during the period. Institutional investors own 76.06% of the company's stock.

DTE Energy Trading Up 0.2 %

Shares of NYSE:DTE traded up $0.23 during trading on Monday, reaching $134.99. The company's stock had a trading volume of 262,442 shares, compared to its average volume of 1,195,461. The firm's 50 day simple moving average is $133.38 and its two-hundred day simple moving average is $126.36. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39. The stock has a market capitalization of $28.01 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were paid a dividend of $1.09 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.23%. DTE Energy's dividend payout ratio is presently 64.40%.

Insiders Place Their Bets

In related news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now owns 6,951 shares of the company's stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock valued at $1,559,205 over the last 90 days. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays lowered shares of 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 research report on Thursday, February 20th. Morgan Stanley lifted their target price on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets raised their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and a consensus price target of $139.17.

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.