Mitsubishi UFJ Trust & Banking Corp Has $11.91 Million Stake in DTE Energy (NYSE:DTE)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of DTE Energy (NYSE:DTE) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,627 shares of the utilities provider’s stock after selling 6,038 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in DTE Energy were worth $11,909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its holdings in DTE Energy by 2.4% in the third quarter. D.A. Davidson & CO. now owns 5,037 shares of the utilities provider’s stock valued at $647,000 after acquiring an additional 119 shares during the last quarter. FMR LLC increased its position in shares of DTE Energy by 6.1% during the third quarter. FMR LLC now owns 342,608 shares of the utilities provider’s stock worth $43,994,000 after buying an additional 19,678 shares during the period. Townsquare Capital LLC raised its stake in DTE Energy by 10.1% during the third quarter. Townsquare Capital LLC now owns 8,831 shares of the utilities provider’s stock worth $1,134,000 after buying an additional 810 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in DTE Energy by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,124 shares of the utilities provider’s stock valued at $8,234,000 after buying an additional 1,970 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in DTE Energy by 2.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 36,133 shares of the utilities provider’s stock worth $4,640,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

DTE has been the topic of several research analyst reports. Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets increased their price target on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. 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 lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $138.58.

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the 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 completion of the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,877 shares of company stock valued at $1,559,205 in the last three months. 0.33% of the stock is currently owned by insiders.

DTE Energy Trading Up 0.9 %

NYSE:DTE opened at $136.47 on Friday. 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 has a one year low of $103.06 and a one year high of $138.22. The company has a market cap of $28.32 billion, a PE ratio of 20.16, a PEG ratio of 2.41 and a beta of 0.59. The firm has a 50-day moving average of $128.84 and a 200-day moving average of $125.25.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping 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%. As a group, equities research analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is presently 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.