Royal London Asset Management Ltd. Buys 10,288 Shares of DTE Energy (NYSE:DTE)

Royal London Asset Management Ltd. lifted its stake in shares of DTE Energy (NYSE:DTE) by 457.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,535 shares of the utilities provider’s stock after buying an additional 10,288 shares during the period. Royal London Asset Management Ltd.’s holdings in DTE Energy were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. SkyOak Wealth LLC boosted its holdings in DTE Energy by 4.1% during the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in DTE Energy by 8.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 90 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in DTE Energy by 4.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 92 shares in the last quarter. Tidal Investments LLC increased its stake in DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after buying an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of DTE Energy by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider’s stock worth $525,000 after buying an additional 96 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Insider Transactions at DTE Energy

In related news, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction 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 $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.61% of the stock is currently owned by company insiders.

DTE Energy Price Performance

Shares of NYSE DTE opened at $136.03 on Tuesday. 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 fifty-two week low of $103.06 and a fifty-two week high of $138.22. The stock has a market cap of $28.23 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The stock has a fifty day moving average of $127.74 and a 200-day moving average of $124.95.

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

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 3.21%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Analyst Ratings Changes

A number of analysts recently commented on DTE shares. Morgan Stanley lifted their price target on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Guggenheim increased their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lifted their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Finally, KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.58.

DTE Energy 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.