DTE Energy (NYSE:DTE) Stake Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in DTE Energy (NYSE:DTEFree Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,741 shares of the utilities provider’s stock after selling 3,906 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of DTE Energy worth $27,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. increased its stake in DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in DTE Energy in the 3rd quarter worth about $36,000. Authentikos Wealth Advisory LLC purchased a new position in DTE Energy in the 3rd quarter worth about $43,000. Principal Securities Inc. purchased a new position in DTE Energy in the 4th quarter worth about $54,000. Finally, Cullen Frost Bankers Inc. increased its stake in DTE Energy by 17.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In other news, VP Lisa A. Muschong sold 2,775 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $108.43, for a total transaction of $300,893.25. Following the completion of the transaction, the vice president now directly owns 5,469 shares in the company, valued at $593,003.67. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Lisa A. Muschong sold 2,775 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $108.43, for a total transaction of $300,893.25. Following the completion of the transaction, the vice president now directly owns 5,469 shares in the company, valued at $593,003.67. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total value of $1,160,000.00. Following the sale, the chief operating officer now owns 41,921 shares in the company, valued at $4,862,836. The disclosure for this sale can be found here. Insiders sold a total of 24,245 shares of company stock worth $2,702,701 over the last three months. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DTE. JPMorgan Chase & Co. lifted their price target on DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Scotiabank lowered their target price on 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. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. BMO Capital Markets lifted their target price on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. Finally, 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 note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $115.50.

View Our Latest Report on DTE Energy

DTE Energy Stock Down 0.2 %

DTE opened at $116.60 on Friday. The business has a 50 day moving average price of $110.63 and a 200 day moving average price of $107.96. DTE Energy has a twelve month low of $90.14 and a twelve month high of $117.17. 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 firm has a market cap of $24.13 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.90 and a beta of 0.64.

DTE Energy (NYSE:DTEGet Free Report) last posted its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. Research analysts forecast that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a $1.02 dividend. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a yield of 3.50%. DTE Energy’s dividend payout ratio (DPR) is currently 66.78%.

DTE Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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