DTE Energy (NYSE:DTE) Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its holdings in shares of DTE Energy (NYSE:DTEFree Report) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,520 shares of the utilities provider’s stock after selling 377 shares during the period. Keybank National Association OH’s holdings in DTE Energy were worth $250,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in DTE Energy by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock worth $3,044,624,000 after purchasing an additional 1,420,586 shares during the period. Capital Research Global Investors lifted its position in DTE Energy by 10.6% during the 2nd quarter. Capital Research Global Investors now owns 17,435,181 shares of the utilities provider’s stock worth $1,918,219,000 after acquiring an additional 1,669,375 shares in the last quarter. State Street Corp boosted its holdings in DTE Energy by 4.9% in the 2nd quarter. State Street Corp now owns 10,276,342 shares of the utilities provider’s stock worth $1,139,872,000 after acquiring an additional 484,072 shares during the period. Geode Capital Management LLC raised its stake in shares of DTE Energy by 8.5% during the second quarter. Geode Capital Management LLC now owns 4,339,573 shares of the utilities provider’s stock valued at $476,175,000 after purchasing an additional 339,827 shares during the period. Finally, Millennium Management LLC lifted its position in shares of DTE Energy by 224.8% during the fourth quarter. Millennium Management LLC now owns 2,379,882 shares of the utilities provider’s stock worth $279,708,000 after purchasing an additional 1,647,053 shares in the last quarter. 74.72% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Down 0.9 %

DTE opened at $104.23 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.57 and a current ratio of 0.85. The company has a market capitalization of $21.50 billion, a PE ratio of 17.23, a P/E/G ratio of 2.59 and a beta of 0.64. The stock’s fifty day moving average is $107.99 and its 200-day moving average is $104.75. DTE Energy has a one year low of $90.14 and a one year high of $116.73.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 18th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Friday, March 15th. DTE Energy’s payout ratio is 67.44%.

Analysts Set New Price Targets

DTE has been the topic of a number of recent analyst reports. StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Wolfe Research cut DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. Guggenheim downgraded shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective for the company. in a report on Monday, January 22nd. Evercore ISI raised their target price on shares of DTE Energy from $108.00 to $116.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Finally, KeyCorp increased their price target on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $83.22.

Read Our Latest Research Report on DTE

DTE Energy Company Profile

(Free Report)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 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 solar assets.

See Also

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

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