Public Employees Retirement System of Ohio Sells 35,681 Shares of DTE Energy (NYSE:DTE)

Public Employees Retirement System of Ohio lessened its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 31.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 76,199 shares of the utilities provider's stock after selling 35,681 shares during the period. Public Employees Retirement System of Ohio's holdings in DTE Energy were worth $9,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in shares of DTE Energy by 5.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 62,098 shares of the utilities provider's stock valued at $7,974,000 after purchasing an additional 3,291 shares during the period. MML Investors Services LLC increased its stake in DTE Energy by 14.6% in the 3rd quarter. MML Investors Services LLC now owns 17,751 shares of the utilities provider's stock worth $2,279,000 after buying an additional 2,259 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in DTE Energy during the third quarter valued at about $30,000. Yaupon Capital Management LP lifted its position in shares of DTE Energy by 23.2% in the third quarter. Yaupon Capital Management LP now owns 279,476 shares of the utilities provider's stock valued at $35,888,000 after acquiring an additional 52,571 shares in the last quarter. Finally, Zacks Investment Management bought a new position in shares of DTE Energy in the third quarter worth about $249,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Trading Down 0.2 %

Shares of NYSE:DTE traded down $0.22 during trading on Thursday, hitting $120.78. The company had a trading volume of 1,287,382 shares, compared to its average volume of 1,127,193. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The company has a fifty day simple moving average of $123.96 and a two-hundred day simple moving average of $120.41. DTE Energy has a one year low of $102.17 and a one year high of $131.66.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from DTE Energy's previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a yield of 3.61%. DTE Energy's dividend payout ratio (DPR) is currently 59.08%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a research note on Friday, October 18th. Morgan Stanley reduced their price objective on shares of DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. KeyCorp lowered shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Barclays lifted their price target on shares of DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Finally, Scotiabank increased their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $134.31.

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.