Teacher Retirement System of Texas trimmed its stake in DTE Energy Company (NYSE:DTE) by 11.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 363,402 shares of the utilities provider’s stock after selling 49,268 shares during the period. Teacher Retirement System of Texas owned approximately 0.20% of DTE Energy worth $39,015,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Virginia Retirement Systems ET AL lifted its stake in shares of DTE Energy by 171.2% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the utilities provider’s stock worth $1,894,000 after acquiring an additional 11,300 shares during the last quarter. Swiss National Bank lifted its stake in shares of DTE Energy by 9.9% during the 2nd quarter. Swiss National Bank now owns 698,625 shares of the utilities provider’s stock worth $73,908,000 after acquiring an additional 62,900 shares during the last quarter. GAM Holding AG lifted its stake in shares of DTE Energy by 27.0% during the 2nd quarter. GAM Holding AG now owns 24,877 shares of the utilities provider’s stock worth $2,632,000 after acquiring an additional 5,291 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of DTE Energy by 1.9% during the 2nd quarter. Shell Asset Management Co. now owns 16,404 shares of the utilities provider’s stock worth $1,735,000 after acquiring an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of DTE Energy by 0.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 775,387 shares of the utilities provider’s stock worth $82,028,000 after acquiring an additional 2,997 shares during the last quarter. 68.18% of the stock is owned by institutional investors and hedge funds.
DTE has been the subject of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. Credit Suisse Group decreased their price target on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. KeyCorp reissued a “buy” rating and set a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, BMO Capital Markets restated a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $111.50.
DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. sell-side analysts forecast that DTE Energy Company will post 5.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be issued a $0.8825 dividend. The ex-dividend date is Friday, December 15th. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.09%. DTE Energy’s dividend payout ratio (DPR) is currently 60.44%.
In other news, insider Mark W. Stiers sold 3,632 shares of DTE Energy stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total value of $399,628.96. Following the transaction, the insider now directly owns 25,257 shares in the company, valued at approximately $2,779,027.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.
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DTE Energy Profile
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