DTE Energy (NYSE:DTE) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd trimmed its holdings in DTE Energy (NYSE:DTE - Free Report) by 20.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 49,294 shares of the utilities provider's stock after selling 12,461 shares during the period. USS Investment Management Ltd's holdings in DTE Energy were worth $5,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DTE. Robbins Farley purchased a new stake in shares of DTE Energy in the fourth quarter valued at about $57,000. Kestra Investment Management LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at about $57,000. Colonial Trust Co SC raised its holdings in shares of DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after buying an additional 608 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at about $87,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at about $88,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DTE has been the subject of several analyst reports. Citigroup reissued a "buy" rating and set a $151.00 price target (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Morgan Stanley cut their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Wells Fargo & Company increased their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets increased their price target on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Price Performance

Shares of DTE stock traded down $2.18 during trading hours on Wednesday, hitting $134.94. The company's stock had a trading volume of 237,759 shares, compared to its average volume of 1,243,399. The business has a fifty day moving average of $134.81 and a 200-day moving average of $128.05. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.41 and a beta of 0.47. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same period in the prior year, the business earned $1.67 earnings per share. As a group, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.23%. DTE Energy's dividend payout ratio is presently 58.92%.

About DTE Energy

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.