DTE Energy (NYSE:DTE) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of DTE Energy (NYSE:DTE) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,036 shares of the utilities provider’s stock after selling 1,030 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in DTE Energy were worth $5,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in shares of DTE Energy by 16.0% during the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 336 shares during the period. Jones Financial Companies Lllp grew its stake in shares of DTE Energy by 72.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 2,642 shares during the period. Nordea Investment Management AB grew its stake in shares of DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after purchasing an additional 211,763 shares during the period. Patton Albertson Miller Group LLC grew its stake in shares of DTE Energy by 7.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock worth $5,667,000 after purchasing an additional 3,306 shares during the period. Finally, Hancock Whitney Corp grew its stake in shares of DTE Energy by 80.0% during the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock worth $1,655,000 after purchasing an additional 5,725 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Guggenheim lifted their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets lifted their price target 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, UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $138.58.

Insider Transactions at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % 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 in the last quarter. Company insiders own 0.61% of the company’s stock.

DTE Energy Stock Up 0.2 %

NYSE DTE opened at $137.18 on Friday. DTE Energy has a 52 week low of $103.06 and a 52 week high of $138.22. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The business’s fifty day simple moving average is $127.38 and its 200-day simple moving average is $124.87. The firm has a market cap of $28.47 billion, a PE ratio of 20.26, a P/E/G ratio of 2.41 and a beta of 0.59.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS 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%. As a group, equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.18%. DTE Energy’s dividend payout ratio is presently 64.40%.

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.