South Dakota Investment Council Buys Shares of 3,600 DTE Energy (NYSE:DTE)

South Dakota Investment Council purchased a new position in shares of DTE Energy (NYSE:DTE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,600 shares of the utilities provider’s stock, valued at approximately $435,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dahring Cusmano LLC acquired a new position in DTE Energy in the fourth quarter valued at about $236,000. Paradigm Asset Management Co. LLC purchased a new stake in shares of DTE Energy in the 4th quarter valued at approximately $1,352,000. Ieq Capital LLC lifted its holdings in shares of DTE Energy by 1,044.7% in the 4th quarter. Ieq Capital LLC now owns 37,696 shares of the utilities provider’s stock worth $4,552,000 after acquiring an additional 34,403 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of DTE Energy by 3.9% during the 4th quarter. Private Advisor Group LLC now owns 15,525 shares of the utilities provider’s stock worth $1,875,000 after purchasing an additional 577 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its holdings in DTE Energy by 2.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,261 shares of the utilities provider’s stock valued at $756,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Morgan Stanley cut their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets increased 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. Finally, StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus 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 the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. This trade represents 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 Price Performance

Shares of DTE opened at $132.33 on Tuesday. 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 firm’s fifty day simple moving average is $122.37 and its 200-day simple moving average is $123.50. The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.41 and a beta of 0.68. DTE Energy has a twelve month low of $103.06 and a twelve month high of $133.45.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 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.