CIBC Asset Management Inc boosted its stake in shares of DTE Energy Co (NYSE:DTE) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,575 shares of the utilities provider’s stock after purchasing an additional 886 shares during the period. CIBC Asset Management Inc’s holdings in DTE Energy were worth $2,033,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC lifted its holdings in DTE Energy by 3.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 494,752 shares of the utilities provider’s stock valued at $53,117,000 after buying an additional 15,317 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. FDO Partners LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $1,771,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings 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 in the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $411,000. Institutional investors and hedge funds own 68.94% of the company’s stock.
Shares of DTE Energy Co (NYSE DTE) traded up $2.07 during midday trading on Friday, reaching $105.22. 1,716,540 shares of the company’s stock traded hands, compared to its average volume of 1,470,000. 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 Co has a twelve month low of $97.59 and a twelve month high of $116.74. The firm has a market cap of $18,880.00, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.97 and a beta of 0.14.
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, beating the consensus estimate of $1.19 by $0.07. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. During the same period in the previous year, the company posted $0.81 earnings per share. sell-side analysts forecast that DTE Energy Co will post 5.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, March 19th will be given a dividend of $0.8825 per share. This represents a $3.53 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, March 16th. DTE Energy’s dividend payout ratio is presently 55.77%.
DTE has been the subject of several recent research reports. Wells Fargo & Co upgraded shares of DTE Energy from a “market perform” rating to an “outperform” rating in a report on Friday, January 12th. UBS Group assumed coverage on shares of DTE Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $108.00 price objective on the stock. KeyCorp reaffirmed a “buy” rating and issued a $118.50 price objective on shares of DTE Energy in a research report on Friday, December 15th. Credit Suisse Group cut their price objective on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Finally, Bank of America began coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. DTE Energy presently has a consensus rating of “Hold” and an average price target of $113.75.
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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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