XTX Topco Ltd Invests $370,000 in DTE Energy Company (NYSE:DTE)

Key Points

• XTX Topco Ltd acquired 2,677 shares of DTE Energy during Q1, valued at approximately $370,000, marking its entry into the company's stock holdings.
• DTE Energy reported a quarterly earnings per share (EPS) of $1.36, slightly missing analyst expectations, while generating revenue of $2.91 billion for the quarter.
• The company announced a quarterly dividend of $1.09, with a 3.1% annualized yield and a payout ratio of 62.73% for stockholders of record as of September 15th.

XTX Topco Ltd bought a new stake in shares of DTE Energy Company (NYSE:DTE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,677 shares of the utilities provider's stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DTE. Graypoint LLC increased its holdings in DTE Energy by 3.8% during the first quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock valued at $279,000 after buying an additional 74 shares during the last quarter. UMB Bank n.a. raised its position in shares of DTE Energy by 0.9% during the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock valued at $1,250,000 after purchasing an additional 78 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of DTE Energy by 2.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock valued at $542,000 after purchasing an additional 78 shares during the period. Stephens Inc. AR grew its holdings in DTE Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock valued at $630,000 after buying an additional 81 shares in the last quarter. Finally, First American Bank raised its position in shares of DTE Energy by 0.7% during the first quarter. First American Bank now owns 12,304 shares of the utilities provider's stock valued at $1,701,000 after buying an additional 85 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Trading Down 0.0%

Shares of DTE Energy stock traded down $0.04 on Tuesday, hitting $139.88. 1,308,884 shares of the company traded hands, compared to its average volume of 1,364,731. The stock's 50 day moving average price is $134.89 and its 200-day moving average price is $133.22. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $141.54. The company has a market cap of $29.04 billion, a PE ratio of 20.13, a PEG ratio of 2.78 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities research analysts predict that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a yield of 3.1%. DTE Energy's dividend payout ratio (DPR) is presently 62.73%.

Analyst Ratings Changes

Several research firms have commented on DTE. BMO Capital Markets increased their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. JPMorgan Chase & Co. lifted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Morgan Stanley dropped their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Barclays boosted their target price on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $141.53.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.