DTE Energy (NYSE:DTE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of DTE Energy (NYSE:DTE - Free Report) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,119 shares of the utilities provider's stock after selling 80,975 shares during the period. Russell Investments Group Ltd. owned 0.12% of DTE Energy worth $27,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DTE. PBMares Wealth Management LLC lifted its stake in DTE Energy by 4.5% during the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 100 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in DTE Energy by 17.0% during the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider's stock valued at $70,000 after purchasing an additional 102 shares during the last quarter. Telemus Capital LLC lifted its stake in DTE Energy by 3.1% during the third quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider's stock valued at $368,000 after purchasing an additional 111 shares during the last quarter. ASB Consultores LLC lifted its stake in DTE Energy by 5.6% during the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider's stock valued at $212,000 after purchasing an additional 114 shares during the last quarter. Finally, Secure Asset Management LLC raised its holdings in shares of DTE Energy by 1.7% during the fourth quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider's stock valued at $848,000 after acquiring an additional 127 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the sale, the chief accounting officer now directly owns 3,462 shares of the company's stock, valued at $370,572.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Tracy J. Myrick sold 600 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the transaction, the chief accounting officer now directly owns 3,462 shares of the company's stock, valued at $370,572.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert A. Richard sold 4,800 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the transaction, the chief operating officer now owns 26,118 shares in the company, valued at $2,801,155.50. The disclosure for this sale can be found here. Insiders have sold a total of 20,095 shares of company stock valued at $2,168,183 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

DTE Energy Price Performance

DTE traded up $0.58 during midday trading on Thursday, hitting $111.91. The company had a trading volume of 738,028 shares, compared to its average volume of 1,187,509. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75. The company has a market capitalization of $23.16 billion, a PE ratio of 18.32, a P/E/G ratio of 2.75 and a beta of 0.64. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The firm's 50-day simple moving average is $109.41 and its 200-day simple moving average is $106.53.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. Equities research analysts predict that DTE Energy will post 6.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Guggenheim lowered shares of 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. Morgan Stanley upped their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. TheStreet upgraded shares of DTE Energy from a "c+" rating to a "b-" rating in a research note on Friday, March 15th. Scotiabank dropped their price target on shares of DTE Energy from $129.00 to $120.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 22nd. Finally, Wolfe Research lowered shares of DTE Energy from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

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.