DTE Energy (NYSE:DTE) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its holdings in shares of DTE Energy (NYSE:DTE) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,935 shares of the utilities provider’s stock after selling 581 shares during the quarter. OLD National Bancorp IN’s holdings in DTE Energy were worth $1,316,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DTE. Ameriprise Financial Inc. boosted its holdings in shares of DTE Energy by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock worth $509,081,000 after purchasing an additional 724,561 shares during the last quarter. Barclays PLC boosted its holdings in shares of DTE Energy by 29.2% during the third quarter. Barclays PLC now owns 670,592 shares of the utilities provider’s stock worth $66,577,000 after purchasing an additional 151,507 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of DTE Energy by 6.6% during the third quarter. Invesco Ltd. now owns 2,229,189 shares of the utilities provider’s stock worth $221,314,000 after purchasing an additional 137,960 shares during the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in DTE Energy in the third quarter valued at $13,641,000. Finally, ING Groep NV boosted its holdings in DTE Energy by 307.2% in the third quarter. ING Groep NV now owns 119,884 shares of the utilities provider’s stock valued at $11,902,000 after acquiring an additional 90,442 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Down 0.0 %

Shares of DTE opened at $110.11 on Wednesday. The stock’s 50-day moving average is $108.93 and its two-hundred day moving average is $105.98. The stock has a market cap of $22.79 billion, a PE ratio of 16.29, a P/E/G ratio of 2.74 and a beta of 0.64. DTE Energy has a 12 month low of $90.14 and a 12 month high of $116.73. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.60 and a quick ratio of 0.42.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.01. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Equities analysts forecast that DTE Energy will post 6.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy’s payout ratio is 60.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DTE shares. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. KeyCorp lifted their target price on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Wolfe Research cut DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. Morgan Stanley lifted their target price on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, Guggenheim cut DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 target price on the stock. in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.10.

Insider Transactions at DTE Energy

In other news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $743,200.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $370,572.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Matthew T. Paul sold 5,850 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at $743,200.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,095 shares of company stock valued at $2,168,183. 0.28% of the stock is currently owned by insiders.

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.