Sumitomo Mitsui Trust Holdings Inc. Sells 8,040 Shares of DTE Energy (NYSE:DTE)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,933 shares of the utilities provider's stock after selling 8,040 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of DTE Energy worth $55,233,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Glenmede Trust Co. NA lifted its holdings in DTE Energy by 0.9% in the third quarter. Glenmede Trust Co. NA now owns 129,083 shares of the utilities provider's stock valued at $12,815,000 after acquiring an additional 1,106 shares during the period. Raymond James & Associates lifted its stake in shares of DTE Energy by 6.5% in the 4th quarter. Raymond James & Associates now owns 209,488 shares of the utilities provider's stock worth $23,098,000 after purchasing an additional 12,871 shares during the period. SG Americas Securities LLC boosted its holdings in shares of DTE Energy by 273.2% in the fourth quarter. SG Americas Securities LLC now owns 48,071 shares of the utilities provider's stock worth $5,300,000 after buying an additional 35,189 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in DTE Energy by 25.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,737 shares of the utilities provider's stock valued at $4,271,000 after buying an additional 7,975 shares during the period. Finally, Arvest Investments Inc. purchased a new stake in DTE Energy during the fourth quarter valued at approximately $2,581,000. 76.06% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Joann Chavez sold 6,070 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the transaction, the senior vice president now owns 16,667 shares of the company's stock, valued at approximately $1,819,869.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Joann Chavez sold 6,070 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the sale, the senior vice president now owns 16,667 shares in the company, valued at approximately $1,819,869.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lisa A. Muschong sold 2,775 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total transaction of $300,893.25. Following the transaction, the vice president now owns 5,469 shares in the company, valued at $593,003.67. The disclosure for this sale can be found here. Insiders sold 20,095 shares of company stock valued at $2,168,183 in the last ninety days. Insiders own 0.61% of the company's stock.

DTE Energy Price Performance

NYSE:DTE traded up $2.09 during trading hours on Friday, reaching $108.57. The stock had a trading volume of 977,886 shares, compared to its average volume of 1,193,691. The stock has a market capitalization of $22.47 billion, a PE ratio of 15.75, a PEG ratio of 2.62 and a beta of 0.64. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73. The company has a 50 day moving average price of $108.66 and a two-hundred day moving average price of $105.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.01. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. As a group, sell-side analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were given a dividend of $1.02 per share. The ex-dividend date was Friday, March 15th. This represents a $4.08 dividend on an annualized basis and a yield of 3.76%. DTE Energy's dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DTE. TheStreet upgraded shares of DTE Energy from a "c+" rating to a "b-" rating in a research note on Friday, March 15th. Morgan Stanley lifted their target price on DTE Energy from $108.00 to $109.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st. Wolfe Research cut DTE Energy from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, January 16th. Guggenheim downgraded DTE Energy from a "buy" rating to a "neutral" rating and set a $111.00 price objective on the stock. in a research note on Monday, January 22nd. Finally, BMO Capital Markets boosted their price objective on DTE Energy from $111.00 to $113.00 and gave the company a "market perform" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $114.56.

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.