Northwestern Mutual Wealth Management Co. lowered its holdings in shares of DTE Energy Company (NYSE:DTE) by 24.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,719 shares of the utilities provider’s stock after selling 1,187 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DTE Energy were worth $393,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Gradient Investments LLC grew its holdings in shares of DTE Energy by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 3 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in shares of DTE Energy by 0.3% during the 1st quarter. Regal Investment Advisors LLC now owns 2,212 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 7 shares during the last quarter. Vantage Investment Advisors LLC grew its holdings in shares of DTE Energy by 0.8% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 10 shares during the last quarter. Advisor Partners LLC grew its holdings in shares of DTE Energy by 0.5% during the 2nd quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock valued at $424,000 after purchasing an additional 21 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of DTE Energy by 0.5% during the 2nd quarter. CENTRAL TRUST Co now owns 6,130 shares of the utilities provider’s stock valued at $649,000 after purchasing an additional 28 shares during the last quarter. 68.63% of the stock is currently owned by institutional investors.

Shares of DTE Energy Company (DTE) opened at 111.45 on Friday. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 19.19 and a beta of 0.22. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71. The firm has a 50-day moving average of $110.40 and a 200-day moving average of $106.47.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business’s revenue was up 26.2% compared to the same quarter last year. Equities research analysts forecast that DTE Energy Company will post $5.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Friday, September 15th. DTE Energy’s dividend payout ratio (DPR) is 56.60%.

In other news, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the transaction, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Larry E. Steward sold 9,999 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the completion of the transaction, the insider now owns 39,698 shares in the company, valued at $4,268,328.96. The disclosure for this sale can be found here. Insiders have sold 25,631 shares of company stock worth $2,756,681 in the last quarter. Company insiders own 0.53% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/17/northwestern-mutual-wealth-management-co-sells-1187-shares-of-dte-energy-company-dte.html.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. BidaskClub lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a report on Tuesday, August 29th. Finally, KeyCorp reissued a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a report on Sunday, August 27th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $109.20.

DTE Energy Profile

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE).

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

Receive News & Ratings for DTE Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.