Diversified Portfolios Inc. bought a new position in shares of DTE Energy Company (NYSE:DTE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,500 shares of the utilities provider’s stock, valued at approximately $268,000.
Other large investors have also bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in DTE Energy in the 2nd quarter worth about $106,000. Gradient Investments LLC grew its position in 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 purchasing an additional 3 shares in the last quarter. Sun Life Financial INC grew its position in 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 purchasing an additional 1,303 shares in the last quarter. Vantage Investment Advisors LLC grew its position in 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 purchasing an additional 10 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. grew its position in 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 purchasing an additional 1,032 shares in the last quarter. 68.62% of the stock is owned by institutional investors.
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In related news, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.
DTE Energy Company (NYSE:DTE) opened at $112.45 on Friday. DTE Energy Company has a 52-week low of $90.01 and a 52-week high of $113.71. The firm has a market cap of $20,310.57, a P/E ratio of 21.98, a PEG ratio of 3.41 and a beta of 0.23. 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 released its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. sell-side analysts anticipate that DTE Energy Company will post 5.54 earnings per share for the current fiscal year.
The business also recently announced 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 an increase from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, December 15th. DTE Energy’s dividend payout ratio is currently 60.44%.
A number of brokerages have issued reports on DTE. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a research report on Tuesday, August 29th. Finally, Credit Suisse Group reduced their price objective on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $111.50.
DTE Energy Company Profile
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