Laird Norton Wetherby Wealth Management LLC Sells 198 Shares of DTE Energy (NYSE:DTE)

Laird Norton Wetherby Wealth Management LLC lowered its stake in shares of DTE Energy (NYSE:DTE) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,474 shares of the utilities provider’s stock after selling 198 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in DTE Energy were worth $540,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Robbins Farley purchased a new stake in shares of DTE Energy in the fourth quarter valued at $57,000. Kestra Investment Management LLC bought a new position in DTE Energy during the 4th quarter valued at about $57,000. Colonial Trust Co SC lifted its stake in DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 608 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of DTE Energy by 81.5% during the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock valued at $84,000 after buying an additional 313 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in shares of DTE Energy during the fourth quarter valued at approximately $87,000. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DTE shares. Guggenheim increased their target price on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Evercore ISI boosted their price target on DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. Wells Fargo & Company increased their target price on shares of DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $140.31.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. This represents a 35.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction 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 approximately $1,862,470.80. The trade was a 33.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by company insiders.

DTE Energy Stock Performance

Shares of DTE opened at $136.08 on Friday. The stock has a 50-day moving average of $134.40 and a two-hundred day moving average of $127.16. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock has a market cap of $28.24 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.41 and a beta of 0.47. DTE Energy has a one year low of $108.40 and a one year high of $140.39.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same period in the previous year, the business posted $1.67 EPS. As a group, research analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy’s dividend payout ratio (DPR) is presently 58.92%.

DTE Energy Company 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.