Illinois Municipal Retirement Fund Buys 14,546 Shares of DTE Energy (NYSE:DTE)

Illinois Municipal Retirement Fund raised its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 133,656 shares of the utilities provider's stock after purchasing an additional 14,546 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of DTE Energy worth $14,737,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. MV Capital Management Inc. lifted its position in shares of DTE Energy by 104.4% in the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider's stock worth $31,000 after buying an additional 143 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of DTE Energy in the third quarter worth about $36,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of DTE Energy in the third quarter worth about $37,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of DTE Energy in the third quarter worth about $43,000. Finally, Horizon Bancorp Inc. IN purchased a new stake in shares of DTE Energy in the third quarter worth about $54,000. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Performance

DTE stock traded up $1.55 during midday trading on Monday, reaching $110.12. The stock had a trading volume of 1,119,569 shares, compared to its average volume of 1,192,849. The stock has a market cap of $22.79 billion, a PE ratio of 16.29, a P/E/G ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a fifty day simple moving average of $108.81 and a two-hundred day simple moving average of $105.88. DTE Energy has a 52-week low of $90.14 and a 52-week high of $116.73.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.01. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same period last year, the firm earned $1.31 EPS. As a group, equities research analysts anticipate that DTE Energy will post 6.71 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy's dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wolfe Research cut DTE Energy from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, January 16th. BMO Capital Markets upped their target price on DTE Energy from $111.00 to $113.00 and gave the company a "market perform" rating in a research note on Wednesday, April 17th. Scotiabank cut their target price on DTE Energy from $129.00 to $120.00 and set a "sector outperform" rating on the stock in a research note on Monday. Morgan Stanley upped their target price on DTE Energy from $108.00 to $109.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. Finally, Guggenheim cut DTE Energy from a "buy" rating to a "neutral" rating and set a $111.00 target price on the stock. in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and a consensus price target of $115.10.

Insider Activity

In related news, COO Robert A. Richard sold 4,800 shares of DTE Energy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the sale, the chief operating officer now directly owns 26,118 shares in the company, valued at approximately $2,801,155.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other DTE Energy news, COO Robert A. Richard sold 4,800 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the sale, the chief operating officer now directly owns 26,118 shares in the company, valued at approximately $2,801,155.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Tracy J. Myrick sold 600 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the sale, the chief accounting officer now owns 3,462 shares of the company's stock, valued at $370,572.48. The disclosure for this sale can be found here. Insiders have sold 20,095 shares of company stock worth $2,168,183 in the last ninety days. Company insiders own 0.28% of the company's stock.

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.

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