Royal London Asset Management Ltd. Grows Stock Position in DTE Energy (NYSE:DTE)

Royal London Asset Management Ltd. raised its holdings in DTE Energy (NYSE:DTE - Free Report) by 457.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,535 shares of the utilities provider's stock after purchasing an additional 10,288 shares during the quarter. Royal London Asset Management Ltd.'s holdings in DTE Energy were worth $1,514,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State Street Corp raised its holdings in DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock valued at $1,319,264,000 after buying an additional 662,569 shares during the period. Boston Partners increased its position in shares of DTE Energy by 25.1% during the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after acquiring an additional 582,643 shares during the last quarter. Zimmer Partners LP purchased a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $69,894,000. Point72 Asset Management L.P. acquired a new position in shares of DTE Energy in the 3rd quarter worth approximately $66,733,000. Finally, Raymond James Financial Inc. purchased a new position in shares of DTE Energy during the 4th quarter worth approximately $43,063,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Ratings Changes

DTE has been the topic of a number of research analyst reports. Guggenheim boosted their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Morgan Stanley boosted their price objective on DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets raised their target price on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Scotiabank raised their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and a consensus target price of $138.58.

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Insider Activity at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value 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 approximately $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. 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 in the last three months. 0.33% of the stock is currently owned by company insiders.

DTE Energy Stock Down 0.4 %

NYSE DTE traded down $0.55 during trading on Thursday, reaching $135.17. 1,204,808 shares of the company's stock were exchanged, compared to its average volume of 1,093,509. DTE Energy has a 1 year low of $103.06 and a 1 year high of $138.22. The stock has a market cap of $28.05 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a 50 day moving average price of $128.59 and a two-hundred day moving average price of $125.17.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data 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 net margin of 11.27% and a return on equity of 12.42%. On average, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Monday, March 17th. DTE Energy's payout ratio is currently 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.