Chevy Chase Trust Holdings Inc. grew its stake in DTE Energy Co (NYSE:DTE) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,988 shares of the utilities provider’s stock after buying an additional 1,915 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of DTE Energy worth $16,961,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new position in shares of DTE Energy in the second quarter worth $106,000. Spectrum Management Group Inc. purchased a new position in shares of DTE Energy in the third quarter worth $111,000. Sun Life Financial INC raised its holdings in shares of DTE Energy by 13,030.0% in the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after buying an additional 1,303 shares during the last quarter. Vantage Investment Advisors LLC raised its holdings in shares of DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after buying an additional 10 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of DTE Energy by 36.1% in the second quarter. D.A. Davidson & CO. now owns 1,497 shares of the utilities provider’s stock worth $158,000 after buying an additional 397 shares during the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.
In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction on Friday, November 17th. The shares were sold at an average price of $112.93, for a total value of $1,399,089.77. Following the completion of the transaction, the chairman now owns 83,000 shares of the company’s stock, valued at $9,373,190. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.
DTE Energy Co (DTE) opened at $115.99 on Tuesday. DTE Energy Co has a fifty-two week low of $95.23 and a fifty-two week high of $116.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. The firm has a market cap of $20,717.79, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.47 and a beta of 0.23.
DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm posted $1.96 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. equities research analysts expect that DTE Energy Co will post 5.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be issued a $0.8825 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a yield of 3.04%. DTE Energy’s payout ratio is presently 60.44%.
A number of research firms have issued reports on DTE. Credit Suisse Group decreased their price target on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Bank of America began coverage on shares of DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price for the company. Jefferies Group reissued a “buy” rating and set a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. Finally, KeyCorp reissued a “buy” rating and set a $113.00 target price on shares of DTE Energy in a report on Sunday, August 27th. 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 company. The stock has an average rating of “Hold” and a consensus target price of $111.50.
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DTE Energy Profile
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