Korea Investment CORP Has $19.52 Million Stake in DTE Energy (NYSE:DTE)

Korea Investment CORP boosted its position in shares of DTE Energy (NYSE:DTE - Free Report) by 101.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,650 shares of the utilities provider's stock after acquiring an additional 81,300 shares during the period. Korea Investment CORP owned 0.08% of DTE Energy worth $19,519,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DTE. Legacy Investment Solutions LLC acquired a new stake in DTE Energy in the 3rd quarter valued at approximately $30,000. Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 267 shares during the period. Robbins Farley bought a new position in shares of DTE Energy during the 4th quarter worth about $57,000. Kestra Investment Management LLC acquired a new position in shares of DTE Energy during the fourth quarter valued at about $57,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of DTE Energy by 81.5% in the fourth quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider's stock valued at $84,000 after buying an additional 313 shares during the period. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DTE. Barclays lowered 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 note on Thursday, February 20th. Scotiabank lifted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. KeyCorp lowered DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Finally, Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.58.

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Insider Buying and Selling

In other news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by insiders.

DTE Energy Stock Up 1.3 %

Shares of DTE traded up $1.78 on Thursday, hitting $139.78. The company's stock had a trading volume of 463,025 shares, 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 quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The firm's fifty day moving average price is $129.78 and its 200-day moving average price is $125.53. The firm has a market capitalization of $29.01 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 2.41 and a beta of 0.59.

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 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%. On average, equities research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

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 issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Monday, March 17th. DTE Energy's 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.