Impact Partnership Wealth LLC bought a new position in DTE Energy Company (NYSE:DTE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,449 shares of the utilities provider's stock, valued at approximately $1,307,000.
Several other institutional investors also recently modified their holdings of DTE. Cloud Capital Management LLC acquired a new position in shares of DTE Energy in the 1st quarter valued at about $25,000. Olde Wealth Management LLC purchased a new position in DTE Energy during the first quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DTE Energy in the 1st quarter valued at approximately $28,000. Mattson Financial Services LLC purchased a new stake in DTE Energy in the 4th quarter worth approximately $38,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of DTE Energy during the 1st quarter valued at $41,000. Institutional investors own 76.06% of the company's stock.
DTE Energy Price Performance
Shares of DTE stock traded up $2.49 during mid-day trading on Friday, reaching $137.22. The company's stock had a trading volume of 1,690,920 shares, compared to its average volume of 1,303,595. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $140.39. The company has a market cap of $28.48 billion, a P/E ratio of 18.54, a PEG ratio of 2.34 and a beta of 0.44. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. The firm's 50-day moving average is $133.95 and its two-hundred day moving average is $131.06.
DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The company had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the prior year, the company posted $1.67 EPS. On average, research analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.
DTE Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.18%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Morgan Stanley decreased their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Guggenheim upped their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Citigroup reaffirmed a "buy" rating and set a $151.00 price objective (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Finally, Wells Fargo & Company upped their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.53.
Check Out Our Latest Stock Analysis on DTE
DTE Energy Company Profile
(
Free Report)
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.
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