Wolverine Asset Management LLC raised its holdings in shares of DTE Energy Co (NYSE:DTE) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,140 shares of the utilities provider’s stock after purchasing an additional 1,888 shares during the period. Wolverine Asset Management LLC’s holdings in DTE Energy were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in DTE. Raymond James Financial Services Advisors Inc. lifted its position in DTE Energy by 3.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 36,261 shares of the utilities provider’s stock valued at $3,893,000 after purchasing an additional 1,184 shares during the period. Global X MANAGEMENT CO LLC increased its stake in shares of DTE Energy by 16.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,682 shares of the utilities provider’s stock valued at $825,000 after acquiring an additional 1,107 shares during the last quarter. Sei Investments Co. increased its stake in shares of DTE Energy by 8.9% in the 3rd quarter. Sei Investments Co. now owns 79,758 shares of the utilities provider’s stock valued at $8,563,000 after acquiring an additional 6,522 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of DTE Energy by 2.4% in the 3rd quarter. New York State Common Retirement Fund now owns 425,070 shares of the utilities provider’s stock valued at $45,636,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of DTE Energy by 12.0% in the 3rd quarter. Toronto Dominion Bank now owns 68,047 shares of the utilities provider’s stock valued at $7,304,000 after acquiring an additional 7,278 shares during the last quarter. Institutional investors own 68.43% of the company’s stock.
In related news, VP Lisa A. Muschong sold 1,341 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $100.97, for a total transaction of $135,400.77. Following the completion of the sale, the vice president now directly owns 2,676 shares of the company’s stock, valued at approximately $270,195.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Ruud sold 7,680 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $100.54, for a total value of $772,147.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,521 shares of company stock valued at $2,189,173. 0.53% of the stock is owned by company insiders.
Shares of DTE Energy Co (NYSE DTE) opened at $100.93 on Wednesday. DTE Energy Co has a 52 week low of $97.66 and a 52 week high of $116.74. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 1.10. The stock has a market capitalization of $18,101.74, a P/E ratio of 18.02, a P/E/G ratio of 2.90 and a beta of 0.19.
DTE Energy (NYSE:DTE) last posted its earnings results on Friday, February 16th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. DTE Energy had a return on equity of 10.24% and a net margin of 8.99%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business earned $0.81 EPS. analysts anticipate that DTE Energy Co will post 5.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, March 19th will be paid a dividend of $0.8825 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.53 dividend on an annualized basis and a yield of 3.50%. DTE Energy’s payout ratio is 55.77%.
A number of analysts have recently commented on DTE shares. KeyCorp reaffirmed a “buy” rating and issued a $118.50 price target on shares of DTE Energy in a research note on Friday, December 15th. Guggenheim reaffirmed a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Wednesday, January 3rd. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Wells Fargo & Co raised DTE Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, January 12th. Finally, UBS Group started coverage on DTE Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $108.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. DTE Energy has an average rating of “Hold” and an average price target of $111.55.
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DTE Energy Company Profile
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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