Swiss National Bank lifted its position in shares of DTE Energy Co (NYSE:DTE) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 732,725 shares of the utilities provider’s stock after acquiring an additional 28,700 shares during the period. Swiss National Bank owned 0.41% of DTE Energy worth $80,204,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in DTE. California Public Employees Retirement System grew its position in DTE Energy by 5.1% in the 4th quarter. California Public Employees Retirement System now owns 473,043 shares of the utilities provider’s stock valued at $51,779,000 after buying an additional 23,132 shares in the last quarter. M&T Bank Corp grew its position in DTE Energy by 8.3% in the 4th quarter. M&T Bank Corp now owns 10,410 shares of the utilities provider’s stock valued at $1,139,000 after buying an additional 799 shares in the last quarter. Shelton Capital Management grew its position in DTE Energy by 5.3% in the 4th quarter. Shelton Capital Management now owns 57,258 shares of the utilities provider’s stock valued at $6,267,000 after buying an additional 2,900 shares in the last quarter. ING Groep NV bought a new position in DTE Energy in the 4th quarter valued at about $772,000. Finally, NorthCoast Asset Management LLC bought a new position in DTE Energy in the 4th quarter valued at about $538,000. Institutional investors and hedge funds own 68.94% of the company’s stock.
In other news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the completion of the transaction, the chairman now owns 83,000 shares in the company, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.
DTE Energy Co (NYSE DTE) opened at $102.21 on Wednesday. DTE Energy Co has a 12-month low of $97.15 and a 12-month high of $116.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08. The firm has a market cap of $18,163.27, a PE ratio of 19.66, a PEG ratio of 2.92 and a beta of 0.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, March 19th will be given a dividend of $0.8825 per share. The ex-dividend date is Friday, March 16th. This represents a $3.53 annualized dividend and a dividend yield of 3.45%. DTE Energy’s dividend payout ratio (DPR) is 64.65%.
DTE has been the subject of a number of recent analyst reports. Wells Fargo & Co upgraded shares of DTE Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. KeyCorp reiterated a “buy” rating and issued a $118.50 target price on shares of DTE Energy in a research report on Friday, December 15th. Bank of America initiated coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 target price for the company. Finally, Guggenheim reiterated a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $113.75.
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DTE Energy Company Profile
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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