Atria Investments LLC boosted its position in shares of DTE Energy Co (NYSE:DTE) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,987 shares of the utilities provider’s stock after buying an additional 1,470 shares during the quarter. Atria Investments LLC’s holdings in DTE Energy were worth $2,407,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of DTE. JPMorgan Chase & Co. lifted its stake in shares of DTE Energy by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 737,342 shares of the utilities provider’s stock valued at $79,382,000 after purchasing an additional 16,125 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of DTE Energy by 3.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 494,752 shares of the utilities provider’s stock valued at $53,117,000 after purchasing an additional 15,317 shares during the period. FDO Partners LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at $1,771,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of DTE Energy by 5.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,187 shares of the utilities provider’s stock valued at $3,026,000 after purchasing an additional 1,425 shares during the period. Finally, Shell Asset Management Co. lifted its stake in shares of DTE Energy by 272.3% in the 3rd quarter. Shell Asset Management Co. now owns 61,073 shares of the utilities provider’s stock valued at $4,646,000 after purchasing an additional 44,669 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on DTE. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Guggenheim reissued a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Wednesday, January 3rd. Credit Suisse Group cut their price target on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Bank of America began coverage on DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price target on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $118.50 price target on shares of DTE Energy in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $114.39.
Shares of DTE Energy Co (NYSE:DTE) opened at $103.47 on Friday. The company has a market capitalization of $18,560.00, a price-to-earnings ratio of 18.92, a P/E/G ratio of 3.01 and a beta of 0.23. DTE Energy Co has a 12 month low of $96.56 and a 12 month high of $116.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $2.80 billion. DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. analysts expect that DTE Energy Co will post 5.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Monday, December 18th were paid a dividend of $0.8825 per share. This represents a $3.53 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, December 15th. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio (DPR) is presently 64.53%.
In related news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the sale, the chairman now owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.
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About DTE Energy
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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