Capital World Investors Has $823.91 Million Stock Position in DTE Energy (NYSE:DTE)

Capital World Investors boosted its stake in DTE Energy (NYSE:DTE - Free Report) by 123.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,823,231 shares of the utilities provider's stock after acquiring an additional 3,766,221 shares during the quarter. Capital World Investors owned 3.29% of DTE Energy worth $823,905,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of DTE Energy by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 752,776 shares of the utilities provider's stock worth $90,897,000 after acquiring an additional 15,342 shares in the last quarter. HITE Hedge Asset Management LLC increased its position in shares of DTE Energy by 196.7% during the 4th quarter. HITE Hedge Asset Management LLC now owns 964,919 shares of the utilities provider's stock worth $116,514,000 after purchasing an additional 639,659 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of DTE Energy by 62.9% in the 4th quarter. GeoWealth Management LLC now owns 1,619 shares of the utilities provider's stock valued at $195,000 after buying an additional 625 shares during the last quarter. Capital International Sarl acquired a new position in DTE Energy during the fourth quarter worth $500,000. Finally, CANADA LIFE ASSURANCE Co raised its position in DTE Energy by 4.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 104,067 shares of the utilities provider's stock worth $12,562,000 after acquiring an additional 4,243 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

Shares of NYSE:DTE traded up $0.86 during trading on Thursday, hitting $137.02. 1,832,973 shares of the company were exchanged, compared to its average volume of 1,200,903. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The company has a market capitalization of $28.43 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The business's 50 day moving average is $133.12 and its 200-day moving average is $126.18.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.18%. The ex-dividend date was Monday, March 17th. DTE Energy's dividend payout ratio is currently 64.40%.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of recent analyst reports. Morgan Stanley boosted 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. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and decreased 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 note on Friday, February 21st. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday. Finally, Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $139.17.

Insider Buying and Selling at DTE Energy

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

About DTE Energy

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.