DTE Energy (NYSE:DTE) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its holdings in DTE Energy (NYSE:DTE - Free Report) by 27.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,361 shares of the utilities provider's stock after buying an additional 4,857 shares during the quarter. UniSuper Management Pty Ltd's holdings in DTE Energy were worth $2,700,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DTE. Elo Mutual Pension Insurance Co acquired a new position in shares of DTE Energy during the 4th quarter worth about $3,096,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of DTE Energy by 6.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 327,959 shares of the utilities provider's stock valued at $39,873,000 after acquiring an additional 18,752 shares during the last quarter. Korea Investment CORP lifted its position in shares of DTE Energy by 101.2% in the fourth quarter. Korea Investment CORP now owns 161,650 shares of the utilities provider's stock valued at $19,519,000 after acquiring an additional 81,300 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of DTE Energy in the fourth quarter valued at approximately $761,000. Finally, Morey & Quinn Wealth Partners LLC purchased a new stake in shares of DTE Energy during the fourth quarter worth approximately $201,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 of the company's stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock worth $1,559,205 in the last 90 days. Company insiders own 0.33% of the company's stock.

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DTE Energy Stock Up 1.3 %

NYSE:DTE traded up $1.78 during midday trading on Thursday, hitting $139.78. 463,025 shares of the company were exchanged, compared to its average volume of 1,286,654. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $140.09. The company has a market capitalization of $29.01 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The company has a fifty day simple moving average of $129.78 and a 200 day simple moving average of $125.53.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly 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%. As a group, equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.12%. DTE Energy's dividend payout ratio (DPR) is 64.40%.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of research reports. Scotiabank raised their price objective on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Morgan Stanley raised their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. KeyCorp cut shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Five equities 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, DTE Energy presently has an average rating of "Moderate Buy" and an average target price of $138.58.

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.