UniSuper Management Pty Ltd Purchases 4,857 Shares of DTE Energy (NYSE:DTE)

UniSuper Management Pty Ltd grew its holdings in DTE Energy (NYSE:DTE) by 27.7% during the 4th quarter, HoldingsChannel reports. The firm owned 22,361 shares of the utilities provider’s stock after acquiring an additional 4,857 shares during the quarter. UniSuper Management Pty Ltd’s holdings in DTE Energy were worth $2,700,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in DTE Energy in the 3rd quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in shares of 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 acquiring an additional 267 shares during the period. Robbins Farley acquired a new stake in shares of DTE Energy in the fourth quarter worth $57,000. Kestra Investment Management LLC bought a new position in DTE Energy during the fourth quarter worth $57,000. Finally, AdvisorNet Financial Inc raised its stake in DTE Energy by 81.5% during the 4th quarter. AdvisorNet Financial Inc now owns 697 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 313 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Up 0.9 %

Shares of NYSE:DTE opened at $136.47 on Friday. The company’s fifty day moving average is $128.84 and its 200-day moving average is $125.25. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a 52 week low of $103.06 and a 52 week high of $138.22. The company has a market capitalization of $28.32 billion, a PE ratio of 20.16, a P/E/G ratio of 2.41 and a beta of 0.59.

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

DTE Energy Announces Dividend

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 given a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.19%. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

Analysts Set New Price Targets

Several research firms have issued reports on DTE. Morgan Stanley raised their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Barclays lowered 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 research note on Thursday, February 20th. Scotiabank raised their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $138.58.

Insider Activity at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 in the last three months. Corporate insiders own 0.33% of the company’s stock.

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.