Meeder Advisory Services Inc. Sells 920 Shares of DTE Energy (NYSE:DTE)

Meeder Advisory Services Inc. lessened its position in DTE Energy (NYSE:DTE) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,800 shares of the utilities provider’s stock after selling 920 shares during the period. Meeder Advisory Services Inc.’s holdings in DTE Energy were worth $750,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its position in shares of DTE Energy by 0.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 129,083 shares of the utilities provider’s stock worth $12,815,000 after purchasing an additional 1,106 shares during the period. Raymond James & Associates lifted its position in shares of DTE Energy by 6.5% in the 4th quarter. Raymond James & Associates now owns 209,488 shares of the utilities provider’s stock worth $23,098,000 after purchasing an additional 12,871 shares during the period. SG Americas Securities LLC lifted its position in shares of DTE Energy by 273.2% in the 4th quarter. SG Americas Securities LLC now owns 48,071 shares of the utilities provider’s stock worth $5,300,000 after purchasing an additional 35,189 shares during the period. Arvest Investments Inc. purchased a new stake in shares of DTE Energy in the 4th quarter worth about $2,581,000. Finally, American Century Companies Inc. lifted its position in DTE Energy by 154.2% during the 3rd quarter. American Century Companies Inc. now owns 114,251 shares of the utilities provider’s stock valued at $11,343,000 after acquiring an additional 69,306 shares during the period. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DTE shares. Guggenheim cut shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target for the company. in a research report on Monday, January 22nd. Barclays lowered their price target on shares of DTE Energy from $113.00 to $112.00 and set an “overweight” rating for the company in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. BMO Capital Markets decreased their target price on shares of DTE Energy from $113.00 to $111.00 and set a “market perform” rating for the company in a report on Monday, February 12th. Finally, Wolfe Research cut shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, DTE Energy has an average rating of “Hold” and a consensus target price of $114.00.

DTE Energy Stock Performance

Shares of DTE stock opened at $109.48 on Tuesday. The company has a 50 day moving average price of $108.47 and a 200-day moving average price of $105.37. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73. The firm has a market capitalization of $22.65 billion, a PE ratio of 16.20, a P/E/G ratio of 2.71 and a beta of 0.64. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.58.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.01. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. During the same period in the previous year, the business posted $1.31 earnings per share. As a group, equities research analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Announces Dividend

The firm 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 dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $4.08 annualized dividend and a yield of 3.73%. DTE Energy’s dividend payout ratio (DPR) is 60.36%.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $743,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $743,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lisa A. Muschong sold 2,775 shares of DTE Energy stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total transaction of $300,893.25. Following the transaction, the vice president now directly owns 5,469 shares in the company, valued at approximately $593,003.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is owned by company insiders.

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.