Aperio Group LLC Raises Holdings in DTE Energy Company (NYSE:DTE)

Aperio Group LLC boosted its position in shares of DTE Energy Company (NYSE:DTE) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,121 shares of the utilities provider’s stock after purchasing an additional 7,297 shares during the period. Aperio Group LLC owned about 0.05% of DTE Energy worth $9,675,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new position in DTE Energy during the 2nd quarter worth about $106,000. Gradient Investments LLC increased its holdings in DTE Energy by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 3 shares in the last quarter. Sun Life Financial INC increased its holdings in DTE Energy by 13,030.0% during the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 1,303 shares in the last quarter. Vantage Investment Advisors LLC increased its holdings in DTE Energy by 0.8% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 10 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in DTE Energy by 335.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 1,032 shares in the last quarter. Hedge funds and other institutional investors own 68.62% of the company’s stock.

Shares of DTE Energy Company (NYSE DTE) opened at $112.45 on Friday. DTE Energy Company has a one year low of $90.01 and a one year high of $113.71. The stock has a market cap of $20,172.40, a PE ratio of 21.83, a P/E/G ratio of 3.38 and a beta of 0.23. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20.

DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business posted $1.96 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. equities analysts predict that DTE Energy Company will post 5.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be paid a $0.8825 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, December 15th. DTE Energy’s dividend payout ratio (DPR) is 60.44%.

In related news, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the sale, the insider now directly owns 25,257 shares in the company, valued at approximately $2,779,027.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

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Several equities analysts have recently weighed in on the company. Bank of America Corporation assumed coverage on DTE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a report on Tuesday, August 29th. KeyCorp restated a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Credit Suisse Group decreased their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. DTE Energy presently has an average rating of “Hold” and an average target price of $111.50.

DTE Energy Profile

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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