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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in DTE Energy (NYSE:DTE) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the 3rd quarter valued at about $30,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy in the third quarter valued at approximately $35,000. Versant Capital Management Inc lifted its stake in DTE Energy by 890.0% in the fourth 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 during the last quarter. Robbins Farley purchased a new stake in DTE Energy in the fourth quarter valued at approximately $57,000. Finally, Kestra Investment Management LLC purchased a new stake in DTE Energy in the fourth quarter valued at approximately $57,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.2 %

Shares of DTE stock opened at $137.18 on Friday. The business’s fifty day moving average price is $127.38 and its 200 day moving average price is $124.87. DTE Energy has a 1-year low of $103.06 and a 1-year high of $138.22. The firm has a market capitalization of $28.47 billion, a PE ratio of 20.26, a P/E/G ratio of 2.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

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

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.18%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DTE. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Scotiabank upped their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.58.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following 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. Over the last 90 days, insiders have sold 11,877 shares of company stock valued at $1,559,205. Insiders own 0.61% of the company’s stock.

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.