Mackay Shields LLC decreased its stake in DTE Energy Co (NYSE:DTE) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,445 shares of the utilities provider’s stock after selling 6,261 shares during the quarter. Mackay Shields LLC owned 0.07% of DTE Energy worth $13,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. We Are One Seven LLC acquired a new position in DTE Energy in the fourth quarter valued at about $27,000. 1 North Wealth Services LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth about $33,000. Claybrook Capital LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth about $33,000. First Mercantile Trust Co. raised its position in shares of DTE Energy by 55.0% during the fourth quarter. First Mercantile Trust Co. now owns 310 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 110 shares during the period. Finally, Lindbrook Capital LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth about $43,000. 70.95% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Gerard M. Anderson sold 11,000 shares of DTE Energy stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $119.39, for a total value of $1,313,290.00. Following the sale, the chairman now owns 79,906 shares of the company’s stock, valued at approximately $9,539,977.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Trevor F. Lauer sold 1,700 shares of DTE Energy stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $122.44, for a total value of $208,148.00. Following the completion of the sale, the insider now directly owns 19,427 shares in the company, valued at approximately $2,378,641.88. The disclosure for this sale can be found here. In the last three months, insiders sold 15,316 shares of company stock worth $1,834,835. 0.59% of the stock is owned by insiders.

DTE has been the topic of a number of research analyst reports. Citigroup raised their price target on DTE Energy from $110.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, December 10th. ValuEngine raised DTE Energy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Goldman Sachs Group initiated coverage on DTE Energy in a research report on Wednesday, January 16th. They set a “buy” rating and a $121.00 price target on the stock. Zacks Investment Research raised DTE Energy from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Thursday, January 24th. Finally, Macquarie set a $123.00 price target on DTE Energy and gave the stock a “buy” rating in a research report on Saturday, February 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $117.42.

Shares of DTE Energy stock opened at $123.98 on Friday. DTE Energy Co has a 52-week low of $94.25 and a 52-week high of $124.82. The company has a market capitalization of $22.55 billion, a P/E ratio of 19.68, a PEG ratio of 3.34 and a beta of 0.26. The company has a current ratio of 0.73, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.01). DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted $1.26 EPS. Research analysts forecast that DTE Energy Co will post 6.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 18th will be given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Friday, March 15th. DTE Energy’s dividend payout ratio is presently 60.00%.

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DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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

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