UniSuper Management Pty Ltd Acquires 8,603 Shares of DTE Energy (NYSE:DTE)

UniSuper Management Pty Ltd lifted its holdings in DTE Energy (NYSE:DTE) by 407.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,715 shares of the utilities provider’s stock after buying an additional 8,603 shares during the quarter. UniSuper Management Pty Ltd’s holdings in DTE Energy were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after acquiring an additional 1,756,459 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in DTE Energy by 12.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,655 shares of the utilities provider’s stock worth $3,886,000 after purchasing an additional 3,948 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in DTE Energy by 1.0% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,583 shares of the utilities provider’s stock worth $1,523,000 after buying an additional 136 shares in the last quarter. Rockport Wealth LLC bought a new position in DTE Energy in the 1st quarter valued at $205,000. Finally, ESL Trust Services LLC acquired a new stake in shares of DTE Energy in the 1st quarter valued at $27,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of several recent research reports. Scotiabank decreased their price target on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets boosted their price target on shares of DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Monday, July 15th. Morgan Stanley reduced their price objective on shares of DTE Energy from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. KeyCorp lifted their price objective on DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, Barclays raised their target price on DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.78.

DTE Energy Stock Up 0.8 %

NYSE DTE traded up $0.99 during trading hours on Thursday, hitting $118.90. 47,910 shares of the company traded hands, compared to its average volume of 1,091,181. The stock has a market capitalization of $24.61 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.11 and a beta of 0.66. DTE Energy has a twelve month low of $90.14 and a twelve month high of $119.22. The business’s 50-day moving average is $112.99 and its 200-day moving average is $110.23. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. Sell-side analysts anticipate that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, September 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.78%.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the transaction, the vice president now owns 4,271 shares in the company, valued at $498,041.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the completion of the sale, the insider now owns 59,475 shares of the company’s stock, valued at approximately $6,843,788.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the transaction, the vice president now directly owns 4,271 shares of the company’s stock, valued at $498,041.31. The disclosure for this sale can be found here. Insiders have sold 14,698 shares of company stock worth $1,702,444 in the last ninety days. Insiders own 0.61% 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.