Vinva Investment Management Ltd Acquires 2,800 Shares of DTE Energy (NYSE:DTE)

Vinva Investment Management Ltd grew its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 156.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,595 shares of the utilities provider's stock after purchasing an additional 2,800 shares during the quarter. Vinva Investment Management Ltd's holdings in DTE Energy were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn FI LLC purchased a new stake in DTE Energy during the fourth quarter valued at approximately $1,145,000. Xponance Inc. grew its position in shares of DTE Energy by 100.4% during the 4th quarter. Xponance Inc. now owns 57,243 shares of the utilities provider's stock valued at $6,912,000 after acquiring an additional 28,679 shares during the period. Boston Partners increased its stake in shares of DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Horizon Investments LLC raised its holdings in DTE Energy by 2.0% in the 4th quarter. Horizon Investments LLC now owns 9,174 shares of the utilities provider's stock worth $1,108,000 after purchasing an additional 182 shares during the period. Finally, Axxcess Wealth Management LLC lifted its position in DTE Energy by 4.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 11,365 shares of the utilities provider's stock valued at $1,372,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

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Insider Buying and Selling

In related news, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction on Monday, February 24th. The stock was 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 directly owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the business'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 transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,877 shares of company stock worth $1,559,205. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on DTE. UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Guggenheim increased their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley increased 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. Finally, Scotiabank lifted their target price 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.58.

DTE Energy Price Performance

DTE Energy stock traded up $1.05 during midday trading on Wednesday, reaching $135.55. 1,773,771 shares of the stock traded hands, compared to its average volume of 1,311,203. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 12 month low of $103.06 and a 12 month high of $138.22. The stock's fifty day moving average is $128.04 and its 200-day moving average is $125.03. The stock has a market cap of $28.13 billion, a P/E ratio of 20.02, a PEG ratio of 2.41 and a beta of 0.59.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, March 17th. DTE Energy's 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.