State of Wisconsin Investment Board grew its position in DTE Energy Company (NYSE:DTE) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,029 shares of the utilities provider’s stock after buying an additional 9,677 shares during the quarter. State of Wisconsin Investment Board owned 0.09% of DTE Energy worth $16,751,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of DTE. Pacad Investment Ltd. purchased a new stake in shares of DTE Energy in the 2nd quarter worth $106,000. Gradient Investments LLC lifted its holdings in shares of DTE Energy by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after buying an additional 3 shares during the period. Sun Life Financial INC raised its position in shares of DTE Energy by 13,030.0% in the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 1,303 shares in the last quarter. Vantage Investment Advisors LLC raised its position in shares of DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 10 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its position in shares of DTE Energy by 335.1% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 1,032 shares in the last quarter. Institutional investors and hedge funds own 68.18% of the company’s stock.
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DTE Energy Company (NYSE:DTE) opened at $112.45 on Monday. DTE Energy Company has a fifty-two week low of $90.01 and a fifty-two week high of $113.71. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $20,172.44, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 3.38 and a beta of 0.23.
DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. equities research analysts expect that DTE Energy Company will post 5.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be given a dividend of $0.8825 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, December 15th. DTE Energy’s dividend payout ratio (DPR) is currently 60.44%.
Several research analysts recently issued reports on the company. Credit Suisse Group reduced their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Bank of America Corporation assumed coverage on DTE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a report on Tuesday, August 29th. KeyCorp reissued a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. Finally, BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. DTE Energy currently has a consensus rating of “Hold” and a consensus price target of $111.50.
In other news, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total transaction of $399,628.96. Following the completion of the transaction, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.
About DTE Energy
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