Trust Co. of Toledo NA OH lessened its position in shares of DTE Energy Co (NYSE:DTE) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,530 shares of the utilities provider’s stock after selling 2,881 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in DTE Energy were worth $715,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its position in DTE Energy by 3.2% during the third quarter. Parametric Portfolio Associates LLC now owns 494,752 shares of the utilities provider’s stock valued at $53,117,000 after buying an additional 15,317 shares during the period. JPMorgan Chase & Co. grew its position in DTE Energy by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 737,342 shares of the utilities provider’s stock valued at $79,382,000 after buying an additional 16,125 shares during the period. FDO Partners LLC acquired a new stake in DTE Energy during the third quarter valued at $1,771,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in DTE Energy by 5.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,187 shares of the utilities provider’s stock valued at $3,026,000 after buying an additional 1,425 shares during the period. Finally, Vident Investment Advisory LLC acquired a new stake in DTE Energy during the third quarter valued at $411,000. Institutional investors own 68.94% of the company’s stock.

DTE Energy Co (NYSE DTE) opened at $101.25 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. The firm has a market cap of $18,160.00, a PE ratio of 18.51, a PEG ratio of 2.91 and a beta of 0.14. DTE Energy Co has a 52 week low of $97.15 and a 52 week high of $116.74.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, March 19th will be paid a $0.8825 dividend. This represents a $3.53 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, March 16th. DTE Energy’s dividend payout ratio is currently 64.53%.

DTE has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price objective on the stock. UBS Group initiated coverage on shares of DTE Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $108.00 price objective on the stock. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Friday, January 5th. KeyCorp reaffirmed a “buy” rating and set a $118.50 price objective on shares of DTE Energy in a report on Friday, December 15th. Finally, Wells Fargo & Co raised shares of DTE Energy from a “market perform” rating to an “outperform” rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. DTE Energy currently has a consensus rating of “Hold” and an average target price of $113.75.

In other news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total value of $1,399,089.77. Following the transaction, the chairman now directly owns 83,000 shares of the company’s stock, valued at $9,373,190. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

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DTE Energy Company Profile

DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.

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

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