Kentucky Retirement Systems Insurance Trust Fund Has $756,000 Stock Holdings in DTE Energy (NYSE:DTE)

Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of DTE Energy (NYSE:DTE) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,261 shares of the utilities provider’s stock after acquiring an additional 132 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in DTE Energy were worth $756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DTE. Legacy Investment Solutions LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth about $30,000. Ashton Thomas Securities LLC bought a new position in shares of DTE Energy during the 3rd quarter worth about $35,000. Prospera Private Wealth LLC bought a new position in DTE Energy during the third quarter worth about $35,000. Versant Capital Management Inc boosted its stake in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in shares of DTE Energy in the 3rd quarter valued at $39,000. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the topic of several recent analyst reports. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Wells Fargo & Company raised their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday. Scotiabank boosted their price objective 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. Finally, Morgan Stanley lowered their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.83.

DTE Energy Stock Performance

DTE opened at $130.38 on Thursday. The firm has a market capitalization of $27.02 billion, a PE ratio of 19.26, a PEG ratio of 2.37 and a beta of 0.68. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66. The business’s 50-day simple moving average is $121.73 and its 200 day simple moving average is $123.21.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.34%. DTE Energy’s dividend payout ratio (DPR) is currently 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.