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

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of DTE Energy (NYSE:DTE) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,261 shares of the utilities provider’s stock after acquiring an additional 132 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in DTE Energy were worth $756,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB raised its position in 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 purchasing an additional 211,763 shares in the last quarter. Patton Albertson Miller Group LLC raised its holdings in DTE Energy by 7.6% in the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after buying an additional 3,306 shares during the last quarter. Hancock Whitney Corp raised its stake in shares of DTE Energy by 80.0% during the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after acquiring an additional 5,725 shares during the last quarter. Point72 DIFC Ltd bought a new position in DTE Energy during the 3rd quarter worth $650,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of DTE Energy in the third quarter worth approximately $583,000. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DTE shares. Morgan Stanley dropped their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets lifted their price target on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Scotiabank upped their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.83.

DTE Energy Stock Up 0.6 %

DTE opened at $130.38 on Thursday. The company has a market cap of $27.02 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.37 and a beta of 0.68. DTE Energy has a 12 month low of $103.06 and a 12 month high of $131.66. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The company has a 50 day moving average of $121.73 and a 200 day moving average of $123.21.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 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%. On average, sell-side analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed 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. This represents a $4.36 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s 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.