Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 3,024 Shares of DTE Energy Company (DTE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of DTE Energy Company (NYSE:DTE) by 29.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,310 shares of the utilities provider’s stock after buying an additional 3,024 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in DTE Energy Company were worth $1,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DTE. Capital One National Association boosted its position in DTE Energy Company by 0.5% in the third quarter. Capital One National Association now owns 2,161 shares of the utilities provider’s stock valued at $203,000 after buying an additional 11 shares during the period. Huntington National Bank raised its position in DTE Energy Company by 54.1% in the third quarter. Huntington National Bank now owns 13,563 shares of the utilities provider’s stock valued at $1,271,000 after buying an additional 4,761 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its position in DTE Energy Company by 6.8% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 305,532 shares of the utilities provider’s stock valued at $28,619,000 after buying an additional 19,344 shares during the period. Nordea Investment Management AB raised its position in shares of DTE Energy Company by 45.7% in the third quarter. Nordea Investment Management AB now owns 1,270,285 shares of the utilities provider’s stock worth $118,988,000 after buying an additional 398,404 shares during the period. Finally, Sit Investment Associates Inc. raised its position in shares of DTE Energy Company by 5.1% in the third quarter. Sit Investment Associates Inc. now owns 299,290 shares of the utilities provider’s stock worth $28,034,000 after buying an additional 14,540 shares during the last quarter. Institutional investors own 68.02% of the company’s stock.

Institutional Ownership by Quarter for DTE Energy Company (NYSE:DTE)

Shares of DTE Energy Company (NYSE:DTE) traded down 0.26% during trading on Monday, reaching $110.90. 756,604 shares of the company’s stock traded hands. The company’s 50-day moving average is $107.31 and its 200 day moving average is $101.63. The company has a market cap of $19.89 billion, a price-to-earnings ratio of 19.52 and a beta of 0.22. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $111.24.

DTE Energy Company (NYSE:DTE) last announced its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. DTE Energy Company had a net margin of 9.04% and a return on equity of 10.74%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the firm posted $1.52 EPS. The company’s revenue was up 26.1% on a year-over-year basis. Equities analysts forecast that DTE Energy Company will post $5.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Monday, June 19th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 15th. DTE Energy Company’s dividend payout ratio (DPR) is currently 58.10%.

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DTE has been the subject of a number of recent research reports. Barclays PLC reiterated an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of DTE Energy Company in a research report on Sunday, April 23rd. Zacks Investment Research raised shares of DTE Energy Company from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Tuesday, April 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $117.00 target price (up previously from $108.50) on shares of DTE Energy Company in a research note on Thursday, April 27th. Finally, Deutsche Bank AG boosted their price objective on shares of DTE Energy Company from $100.00 to $103.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. DTE Energy Company has an average rating of “Buy” and an average target price of $108.00.

In other DTE Energy Company news, VP Lisa A. Muschong sold 426 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $109.51, for a total transaction of $46,651.26. Following the completion of the sale, the vice president now directly owns 2,543 shares of the company’s stock, valued at approximately $278,483.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gerardo Norcia sold 4,838 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $110.73, for a total transaction of $535,711.74. Following the completion of the transaction, the chief operating officer now directly owns 115,930 shares of the company’s stock, valued at $12,836,928.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,064 shares of company stock valued at $3,309,851. Insiders own 0.53% of the company’s stock.

About DTE Energy Company

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