DTE Energy (NYSE:DTE) Stake Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its holdings in shares of DTE Energy (NYSE:DTE) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,226 shares of the utilities provider’s stock after selling 196 shares during the period. Kentucky Retirement Systems’ holdings in DTE Energy were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DTE. Mizuho Securities USA LLC increased its stake in shares of DTE Energy by 44,009.5% during 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 acquiring an additional 7,023,042 shares during the period. State Street Corp increased its stake in shares of DTE Energy by 7.0% during the third 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. Zimmer Partners LP acquired a new position in shares of DTE Energy during the third quarter valued at approximately $69,894,000. Point72 Asset Management L.P. acquired a new position in shares of DTE Energy during the third quarter valued at approximately $66,733,000. Finally, Nordea Investment Management AB increased its stake in shares of DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after acquiring an additional 211,763 shares during the period. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $137.00 to $135.00 in a research note on Thursday. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday. 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. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets lifted their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $135.67.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy 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 $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at $446,535.04. This trade represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

DTE Energy Trading Up 0.6 %

DTE Energy stock opened at $131.98 on Friday. The company has a 50 day moving average price of $122.15 and a 200 day moving average price of $123.39. DTE Energy has a 52 week low of $103.06 and a 52 week high of $132.88. 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 firm has a market capitalization of $27.35 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.41 and a beta of 0.68.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS 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%. Research analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is 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.