United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 600 Shares of DTE Energy Company (NYSE:DTE)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund decreased its position in DTE Energy Company (NYSE:DTE) by 9.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,700 shares of the utilities provider’s stock after selling 600 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in DTE Energy were worth $788,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DTE. Capital World Investors grew its holdings in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. GAMMA Investing LLC grew its holdings in DTE Energy by 14,878.4% during the 1st quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider’s stock worth $163,655,000 after acquiring an additional 1,175,689 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in DTE Energy by 1,794.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider’s stock worth $111,159,000 after acquiring an additional 871,978 shares during the last quarter. AQR Capital Management LLC grew its holdings in DTE Energy by 750.0% during the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider’s stock worth $116,482,000 after acquiring an additional 851,169 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider’s stock worth $297,358,000 after acquiring an additional 822,854 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE stock opened at $138.48 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.59 and a current ratio of 0.94. The company has a market capitalization of $28.75 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.75 and a beta of 0.44. The company’s 50 day moving average price is $134.44 and its two-hundred day moving average price is $132.30. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $140.39.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. On average, analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is 62.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DTE shares. Barclays increased their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Evercore ISI raised their target price on shares of DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Citigroup reissued a “buy” rating and set a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

DTE Energy 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.