PGGM Investments Takes $883,000 Position in DTE Energy (NYSE:DTE)

PGGM Investments acquired a new position 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 institutional investor acquired 7,315 shares of the utilities provider's stock, valued at approximately $883,000.

Other large investors have also modified their holdings of the company. SkyOak Wealth LLC grew its position in DTE Energy by 4.1% in the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider's stock worth $262,000 after purchasing an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in DTE Energy by 8.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock worth $146,000 after purchasing an additional 90 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of DTE Energy by 4.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock worth $258,000 after acquiring an additional 92 shares during the period. Tidal Investments LLC lifted its holdings in shares of DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock worth $320,000 after acquiring an additional 96 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in shares of DTE Energy by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock worth $525,000 after acquiring an additional 96 shares during the period. 76.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DTE has been the subject of several analyst reports. Guggenheim raised shares of DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. KeyCorp downgraded shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Morgan Stanley cut their price target on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $137.09.

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Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.61% of the stock is currently owned by company insiders.

DTE Energy Trading Up 0.9 %

Shares of NYSE:DTE traded up $1.26 during trading on Monday, hitting $135.43. 281,840 shares of the company's stock were exchanged, compared to its average volume of 1,075,623. DTE Energy has a 1-year low of $103.06 and a 1-year high of $136.28. The firm has a 50-day moving average price of $125.78 and a two-hundred day moving average price of $124.47. 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 firm has a market cap of $28.07 billion, a P/E ratio of 19.99, a PEG ratio of 2.41 and a beta of 0.59.

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

DTE Energy Dividend Announcement

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

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.