South Dakota Investment Council Acquires New Stake in DTE Energy (NYSE:DTE)

South Dakota Investment Council acquired a new stake in DTE Energy (NYSE:DTE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,600 shares of the utilities provider's stock, valued at approximately $435,000.

Several other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake 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 acquiring an additional 662,569 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider's stock valued at $903,878,000 after purchasing an additional 7,023,042 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of DTE Energy by 2.4% in the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider's stock valued at $349,309,000 after purchasing an additional 64,880 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of DTE Energy by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider's stock worth $163,702,000 after buying an additional 14,937 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its holdings in shares of DTE Energy by 3.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider's stock worth $116,512,000 after buying an additional 30,909 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DTE has been the topic of several research analyst reports. Scotiabank increased their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. BMO Capital Markets increased their target price on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Guggenheim raised DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley decreased their price objective on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Finally, KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.67.

Insider Buying and Selling at DTE Energy

In other DTE Energy 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 value of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last 90 days. Insiders own 0.61% of the company's stock.

DTE Energy Price Performance

DTE stock traded up $1.92 during mid-day trading on Friday, hitting $133.76. The stock had a trading volume of 1,161,941 shares, compared to its average volume of 1,150,760. The firm has a fifty day simple moving average of $123.20 and a 200 day simple moving average of $123.71. DTE Energy has a 52 week low of $103.06 and a 52 week high of $134.11. 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 capitalization of $27.72 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.41 and a beta of 0.68.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is presently 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.