Elo Mutual Pension Insurance Co Purchases Shares of 25,641 DTE Energy (NYSE:DTE)

Elo Mutual Pension Insurance Co bought a new stake in shares of DTE Energy (NYSE:DTE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,641 shares of the utilities provider's stock, valued at approximately $3,096,000.

A number of other hedge funds also recently made changes to their positions in DTE. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in DTE Energy by 6.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 327,959 shares of the utilities provider's stock worth $39,873,000 after acquiring an additional 18,752 shares during the period. Korea Investment CORP lifted its stake in 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 purchasing an additional 81,300 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in DTE Energy during the fourth quarter valued at $761,000. Morey & Quinn Wealth Partners LLC purchased a new stake in DTE Energy in the fourth quarter worth $201,000. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in DTE Energy by 0.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 27,281 shares of the utilities provider's stock worth $3,294,000 after buying an additional 110 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

Shares of DTE traded down $0.09 during trading hours on Wednesday, reaching $137.84. 195,135 shares of the company's stock traded hands, compared to its average volume of 1,287,270. DTE Energy has a 12 month low of $103.06 and a 12 month high of $139.05. 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 stock has a market cap of $28.60 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The firm's 50 day simple moving average is $129.42 and its 200-day simple moving average is $125.44.

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

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.16%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is currently 64.40%.

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the firm'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 transaction, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents 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 valued at $1,559,205 over the last 90 days. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DTE. KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Morgan Stanley increased their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Scotiabank raised their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.