APG Asset Management N.V. Sells 295,700 Shares of DTE Energy (NYSE:DTE)

APG Asset Management N.V. cut its stake in shares of DTE Energy (NYSE:DTE) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,000 shares of the utilities provider’s stock after selling 295,700 shares during the quarter. APG Asset Management N.V.’s holdings in DTE Energy were worth $13,177,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares during the last quarter. Robbins Farley acquired a new stake in shares of DTE Energy during the fourth quarter worth approximately $57,000. Kestra Investment Management LLC bought a new position in shares of DTE Energy in the fourth quarter valued at approximately $57,000. AdvisorNet Financial Inc boosted its holdings in shares of DTE Energy by 81.5% in the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 313 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in DTE Energy during the 4th quarter worth approximately $87,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE opened at $128.93 on Friday. The company has a fifty day moving average price of $131.51 and a two-hundred day moving average price of $125.81. The firm has a market capitalization of $26.75 billion, a PE ratio of 19.04, a P/E/G ratio of 2.41 and a beta of 0.49. DTE Energy has a 52 week low of $103.06 and a 52 week high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.38%. DTE Energy’s payout ratio is currently 64.40%.

Insider Activity

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock valued at $1,559,205 in the last ninety days. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on DTE. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Morgan Stanley upped their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $138.58.

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.