Vinva Investment Management Ltd Buys 2,800 Shares of DTE Energy (NYSE:DTE)

Vinva Investment Management Ltd grew its holdings in shares of DTE Energy (NYSE:DTE) by 156.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,595 shares of the utilities provider’s stock after acquiring an additional 2,800 shares during the period. Vinva Investment Management Ltd’s holdings in DTE Energy were worth $554,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in DTE Energy during the 3rd quarter worth about $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy during the 3rd quarter worth about $35,000. Versant Capital Management Inc grew its holdings in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the period. Robbins Farley acquired a new stake in DTE Energy during the 4th quarter worth about $57,000. Finally, Kestra Investment Management LLC acquired a new stake in DTE Energy during the 4th quarter worth about $57,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of NYSE DTE opened at $137.18 on Friday. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $138.22. The firm’s 50-day simple moving average is $127.38 and its 200 day simple moving average is $124.87. 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 stock has a market cap of $28.47 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.41 and a beta of 0.59.

DTE Energy (NYSE:DTE) last posted its 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 net margin of 11.27% and a return on equity of 12.42%. As a group, research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

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 given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.18%. DTE Energy’s dividend payout ratio is currently 64.40%.

Wall Street Analysts Forecast Growth

DTE has been the subject of several research reports. Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research note on Friday. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the company 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. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. Five research 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 stock currently has an average rating of “Moderate Buy” and an average target price of $138.58.

Insiders Place Their Bets

In related news, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy 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 of the company’s stock, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

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.