6,300 Shares in DTE Energy (NYSE:DTE) Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,300 shares of the utilities provider's stock, valued at approximately $761,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after acquiring an additional 879,670 shares during the last quarter. State Street Corp increased its position in shares of DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock worth $1,319,264,000 after purchasing an additional 662,569 shares in the last quarter. Boston Partners lifted its holdings in shares of DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of DTE Energy in the 3rd quarter valued at about $69,894,000. Finally, Point72 Asset Management L.P. purchased a new position in DTE Energy during the 3rd quarter worth approximately $66,733,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DTE. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. BMO Capital Markets increased their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, DTE Energy currently has an average rating of "Moderate Buy" and a consensus price target of $138.58.

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Insider Buying and Selling

In related news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 in the last quarter. Company insiders own 0.33% of the company's stock.

DTE Energy Price Performance

DTE stock traded up $1.27 on Friday, reaching $136.47. 1,597,816 shares of the company's stock were exchanged, compared to its average volume of 1,165,213. The stock has a fifty day moving average of $128.84 and a 200-day moving average of $125.25. The firm has a market cap of $28.32 billion, a PE ratio of 20.16, a P/E/G ratio of 2.41 and a beta of 0.59. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a twelve month low of $103.06 and a twelve month high of $138.22.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, equities analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio is currently 64.40%.

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.