Kentucky Retirement Systems Has $1.72 Million Holdings in DTE Energy (NYSE:DTE)

Kentucky Retirement Systems lessened its holdings in DTE Energy (NYSE:DTE) by 1.4% in the 4th quarter, according to the company in its most recent 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DTE. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy in the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy in the 3rd quarter valued at $35,000. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 267 shares during 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 and hedge funds own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DTE. Scotiabank lifted 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. Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $137.00 to $135.00 in a report on Thursday. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.67.

Insider Activity at DTE Energy

In related news, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the company’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 directly owns 3,437 shares in the company, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

DTE Energy Stock Performance

NYSE:DTE opened at $131.98 on Friday. The firm’s 50-day moving average is $122.15 and its 200-day moving average is $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 company has a market cap of $27.35 billion, a price-to-earnings ratio of 19.49, a PEG 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 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced 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 3.30%. DTE Energy’s payout ratio is currently 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.