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DTE Energy Company $DTE Shares Sold by Pictet Asset Management Holding SA
Pictet Asset Management Holding SA reduced its stake in DTE Energy Company (NYSE:DTE) by 6.0% in Q4, selling 37,966 shares and retaining 595,971 shares valued at $76.9 million. The company recently reported Q1 earnings per share of $1.65, beating expectations, and announced a quarterly dividend of $1.165 per share. DTE Energy is seeking a $474 million electric rate increase but plans a two-year pause on future hikes, while facing regulatory scrutiny from the Michigan Attorney General.