Victory Capital Management Inc. Sells 155,977 Shares of DTE Energy (NYSE:DTE)

Victory Capital Management Inc. cut its position in DTE Energy (NYSE:DTE - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 465,032 shares of the utilities provider's stock after selling 155,977 shares during the period. Victory Capital Management Inc. owned approximately 0.23% of DTE Energy worth $51,274,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DTE. PBMares Wealth Management LLC grew its position 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 buying an additional 100 shares during the period. Cullen Frost Bankers Inc. grew its position 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 buying an additional 102 shares during the period. Telemus Capital LLC grew its position 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 buying an additional 111 shares during the period. ASB Consultores LLC grew its position 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 buying an additional 114 shares during the period. Finally, Secure Asset Management LLC grew its position in 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 buying an additional 127 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Up 0.8 %

Shares of DTE Energy stock traded up $0.84 on Friday, reaching $112.75. The stock had a trading volume of 1,021,105 shares, compared to its average volume of 1,192,520. The company has a 50 day moving average price of $109.49 and a 200 day moving average price of $106.75. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73. The stock has a market capitalization of $23.33 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.81 and a beta of 0.64.

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

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Monday, June 17th. DTE Energy's payout ratio is currently 66.78%.

Insider Transactions at DTE Energy

In related news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares in the company, valued at approximately $370,572.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares in the company, valued at approximately $370,572.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert A. Richard sold 4,800 shares of DTE Energy stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the sale, the chief operating officer now owns 26,118 shares of the company's stock, 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 in the last 90 days. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DTE. BMO Capital Markets boosted their target price on shares of DTE Energy from $111.00 to $113.00 and gave the company a "market perform" rating in a research report on Wednesday, April 17th. Morgan Stanley upped their target price on shares of DTE Energy from $108.00 to $109.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Wolfe Research lowered shares of DTE Energy from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. upped their target price on shares of DTE Energy from $118.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Finally, Scotiabank reduced 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and an average target price of $115.50.

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.