PGGM Investments Acquires New Position in DTE Energy (NYSE:DTE)

PGGM Investments purchased a new position in DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,315 shares of the utilities provider's stock, valued at approximately $883,000.

Several other institutional investors and hedge funds have also bought and sold shares of DTE. Assetmark Inc. grew its holdings in DTE Energy by 10.6% in the third quarter. Assetmark Inc. now owns 3,154 shares of the utilities provider's stock worth $405,000 after purchasing an additional 301 shares during the last quarter. Atria Investments Inc lifted its stake in shares of DTE Energy by 23.9% during the third quarter. Atria Investments Inc now owns 11,060 shares of the utilities provider's stock worth $1,420,000 after buying an additional 2,137 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy during the third quarter worth $35,000. Harbour Investments Inc. lifted its stake in shares of DTE Energy by 65.3% during the third quarter. Harbour Investments Inc. now owns 3,835 shares of the utilities provider's stock worth $492,000 after buying an additional 1,515 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of DTE Energy by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 5,747 shares of the utilities provider's stock worth $738,000 after buying an additional 262 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 over the last 90 days. Corporate insiders own 0.28% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently commented on DTE. Scotiabank lifted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. KeyCorp downgraded shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.09.

DTE Energy Price Performance

Shares of DTE Energy stock traded up $2.71 during trading hours on Friday, reaching $135.42. The stock had a trading volume of 1,086,276 shares, compared to its average volume of 1,078,663. The stock's 50 day moving average is $125.78 and its 200 day moving average is $124.47. The firm has a market capitalization of $28.07 billion, a PE ratio of 20.00, a PEG ratio of 2.41 and a beta of 0.59. DTE Energy has a twelve month low of $103.06 and a twelve month high of $136.28. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE - Get Free Report) last released its 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 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.22%. DTE Energy's dividend payout ratio is currently 64.40%.

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.