United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes $761,000 Position in DTE Energy (NYSE:DTE)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in DTE Energy (NYSE:DTE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,300 shares of the utilities provider’s stock, valued at approximately $761,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of DTE Energy by 9.3% during the 3rd quarter. Empowered Funds LLC now owns 3,028 shares of the utilities provider’s stock worth $389,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC increased its stake in DTE Energy by 21,380.0% in the 3rd quarter. Quest Partners LLC now owns 1,074 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,069 shares in the last quarter. Pathstone Holdings LLC increased its stake in DTE Energy by 2.8% in the 3rd quarter. Pathstone Holdings LLC now owns 20,173 shares of the utilities provider’s stock worth $2,592,000 after purchasing an additional 549 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in DTE Energy by 4.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 7,481 shares of the utilities provider’s stock worth $961,000 after buying an additional 298 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new stake in DTE Energy during the third quarter valued at about $657,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Down 1.2 %

Shares of NYSE:DTE opened at $134.49 on Wednesday. DTE Energy has a 52-week low of $103.06 and a 52-week high of $138.22. 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 $27.91 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.41 and a beta of 0.59. The stock’s 50-day moving average is $128.04 and its 200-day moving average is $125.03.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping 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%. Equities research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is currently 64.40%.

Wall Street Analysts Forecast Growth

DTE has been the topic of a number of recent analyst reports. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Scotiabank increased 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. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Guggenheim raised their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Finally, StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.58.

Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction that occurred 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 owns 3,437 shares in the company, valued at approximately $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,877 shares of company stock worth $1,559,205. Company 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.