Elo Mutual Pension Insurance Co Takes $3.10 Million Position in DTE Energy (NYSE:DTE)

Elo Mutual Pension Insurance Co purchased a new position in DTE Energy (NYSE:DTE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,641 shares of the utilities provider’s stock, valued at approximately $3,096,000.

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

Insider Activity at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the business’s stock in a transaction that occurred 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 owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock valued at $1,559,205 over the last 90 days. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DTE shares. Scotiabank increased their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Finally, BMO Capital Markets boosted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Five investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $138.58.

DTE Energy Price Performance

DTE Energy stock opened at $136.47 on Friday. The business has a 50-day simple moving average of $128.84 and a 200 day simple moving average of $125.25. DTE Energy has a 52 week low of $103.06 and a 52 week high of $138.22. The stock has a market cap of $28.32 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.41 and a beta of 0.59. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

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

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.19%. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

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.