Teacher Retirement System of Texas Has $60.14 Million Stock Holdings in DTE Energy (NYSE:DTE)

Teacher Retirement System of Texas raised its holdings in DTE Energy (NYSE:DTE - Free Report) by 71.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 498,025 shares of the utilities provider's stock after buying an additional 207,529 shares during the quarter. Teacher Retirement System of Texas owned 0.24% of DTE Energy worth $60,137,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in DTE Energy in the third quarter valued at about $30,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $35,000. Versant Capital Management Inc raised its holdings in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock worth $36,000 after buying an additional 267 shares in the last quarter. Robbins Farley bought a new position in shares of DTE Energy during the 4th quarter worth approximately $57,000. Finally, Kestra Investment Management LLC acquired a new stake in DTE Energy in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Trading Down 1.2 %

Shares of DTE stock traded down $1.66 on Tuesday, reaching $134.49. 1,585,908 shares of the stock were exchanged, compared to its average volume of 1,092,077. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. DTE Energy has a one year low of $103.06 and a one year high of $138.22. The stock has a market cap of $27.91 billion, a PE ratio of 19.87, a P/E/G ratio of 2.41 and a beta of 0.59. The stock has a 50 day moving average price of $127.74 and a 200 day moving average price of $124.95.

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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 for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities research analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.24%. DTE Energy's payout ratio is presently 64.40%.

Analyst Ratings Changes

A number of brokerages have issued reports on DTE. KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. BMO Capital Markets lifted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Finally, Scotiabank increased their price target on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.58.

Insiders Place Their Bets

In other news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.61% of the company's stock.

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.