DTE Energy (NYSE:DTE) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,173 shares of the utilities provider's stock after buying an additional 4,049 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in DTE Energy were worth $8,232,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $35,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $35,000. Versant Capital Management Inc grew its position in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $39,000. Institutional investors own 76.06% of the company's stock.

Insider Activity

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares of the company's stock, valued at $446,535.04. This trade represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock worth $1,559,205 in the last three months. Company insiders own 0.28% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on DTE. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Scotiabank upped their target price on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.09.

DTE Energy Price Performance

DTE traded up $2.71 during midday trading on Friday, hitting $135.42. The stock had a trading volume of 1,086,276 shares, compared to its average volume of 1,078,663. The company has a market cap of $28.07 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The business has a fifty day moving average of $125.78 and a 200 day moving average of $124.47. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a 1 year low of $103.06 and a 1 year high of $136.28.

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

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.22%. DTE Energy's payout ratio is presently 64.40%.

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.