Teacher Retirement System of Texas Acquires 207,529 Shares of DTE Energy (NYSE:DTE)

Teacher Retirement System of Texas grew its holdings in DTE Energy (NYSE:DTE) by 71.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 498,025 shares of the utilities provider’s stock after buying an additional 207,529 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.24% of DTE Energy worth $60,137,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Royal London Asset Management Ltd. raised its stake in shares of DTE Energy by 457.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 12,535 shares of the utilities provider’s stock worth $1,514,000 after acquiring an additional 10,288 shares during the last quarter. Vinva Investment Management Ltd raised its position in DTE Energy by 156.0% in the 4th quarter. Vinva Investment Management Ltd now owns 4,595 shares of the utilities provider’s stock worth $554,000 after purchasing an additional 2,800 shares during the last quarter. Brooklyn FI LLC acquired a new position in DTE Energy during the 4th quarter worth $1,145,000. Xponance Inc. boosted its position in DTE Energy by 100.4% in the 4th quarter. Xponance Inc. now owns 57,243 shares of the utilities provider’s stock valued at $6,912,000 after buying an additional 28,679 shares during the last quarter. Finally, Boston Partners increased its stake in shares of DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock valued at $350,150,000 after buying an additional 582,643 shares during the period. 76.06% of the stock is owned by institutional investors.

DTE Energy Trading Up 0.5 %

Shares of NYSE DTE opened at $136.81 on Friday. The company’s fifty day moving average is $127.02 and its 200-day moving average is $124.79. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.41 and a beta of 0.59. DTE Energy has a twelve month low of $103.06 and a twelve month high of $137.03. 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 announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Equities research analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued 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 3.19%. DTE Energy’s payout ratio is 64.40%.

Insider Buying and Selling

In related news, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at approximately $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 worth $1,559,205 over the last ninety days. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. BMO Capital Markets boosted their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Morgan Stanley raised their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $137.82.

DTE Energy Company 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.