DTE Energy Co (DTE) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lessened its holdings in shares of DTE Energy Co (NYSE:DTE) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,146 shares of the utilities provider’s stock after selling 300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in DTE Energy were worth $1,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DTE. JPMorgan Chase & Co. boosted its position in shares of DTE Energy by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 905,159 shares of the utilities provider’s stock valued at $98,781,000 after acquiring an additional 94,902 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of DTE Energy by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,229,110 shares of the utilities provider’s stock valued at $134,132,000 after acquiring an additional 21,577 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of DTE Energy by 31.2% during the 3rd quarter. Martingale Asset Management L P now owns 291,288 shares of the utilities provider’s stock valued at $31,789,000 after acquiring an additional 69,302 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DTE Energy by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 438,258 shares of the utilities provider’s stock valued at $47,818,000 after acquiring an additional 14,465 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its position in shares of DTE Energy by 4.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 88,018 shares of the utilities provider’s stock valued at $9,605,000 after acquiring an additional 3,508 shares during the last quarter. Hedge funds and other institutional investors own 70.43% of the company’s stock.

NYSE:DTE opened at $123.21 on Friday. The company has a market capitalization of $22.57 billion, a P/E ratio of 19.56, a PEG ratio of 3.36 and a beta of 0.26. DTE Energy Co has a 1-year low of $94.25 and a 1-year high of $126.07. The company has a quick ratio of 0.55, a current ratio of 0.73 and a debt-to-equity ratio of 1.13.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.01). The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a return on equity of 10.85% and a net margin of 7.88%. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, equities analysts forecast that DTE Energy Co will post 6.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were paid a $0.945 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.78 dividend on an annualized basis and a yield of 3.07%. DTE Energy’s dividend payout ratio (DPR) is currently 60.00%.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine downgraded DTE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Credit Suisse Group boosted their target price on DTE Energy from $110.00 to $113.00 and gave the stock an “underperform” rating in a research report on Monday, February 11th. Finally, Macquarie set a $123.00 target price on DTE Energy and gave the stock a “buy” rating in a research report on Saturday, February 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $117.42.

In other DTE Energy news, insider Trevor F. Lauer sold 1,700 shares of DTE Energy stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $122.44, for a total value of $208,148.00. Following the transaction, the insider now directly owns 19,427 shares of the company’s stock, valued at approximately $2,378,641.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gerard M. Anderson sold 11,000 shares of DTE Energy stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $119.39, for a total value of $1,313,290.00. Following the completion of the transaction, the chairman now directly owns 79,906 shares in the company, valued at $9,539,977.34. The disclosure for this sale can be found here. Insiders sold a total of 15,316 shares of company stock worth $1,834,835 over the last ninety days. Insiders own 0.55% of the company’s stock.

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DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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

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