Tower Research Capital LLC TRC Reduces Stake in DTE Energy (NYSE:DTE)

Tower Research Capital LLC TRC lowered its stake in DTE Energy (NYSE:DTE - Free Report) by 17.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,491 shares of the utilities provider's stock after selling 3,216 shares during the quarter. Tower Research Capital LLC TRC's holdings in DTE Energy were worth $1,871,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors raised its stake in shares of DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after acquiring an additional 3,766,221 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. Invesco Ltd. increased its holdings in DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after purchasing an additional 822,854 shares during the period. HITE Hedge Asset Management LLC raised its position in DTE Energy by 196.7% during the 4th quarter. HITE Hedge Asset Management LLC now owns 964,919 shares of the utilities provider's stock valued at $116,514,000 after purchasing an additional 639,659 shares during the last quarter. Finally, Boston Partners lifted its holdings in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after buying an additional 582,643 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

Insider Activity

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 owns 3,437 shares of the company's stock, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last 90 days. 0.33% of the stock is currently owned by insiders.

DTE Energy Stock Up 0.2 %

DTE stock traded up $0.26 on Monday, reaching $135.02. 279,200 shares of the company traded hands, compared to its average volume of 1,386,299. The firm has a fifty day simple moving average of $133.38 and a 200-day simple moving average of $126.36. The company has a market cap of $28.02 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DTE. Guggenheim boosted their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets boosted 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. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, Morgan Stanley lifted their price objective on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.17.

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.