Ameritas Advisory Services LLC Acquires Shares of 10,963 DTE Energy Company (NYSE:DTE)

Ameritas Advisory Services LLC purchased a new stake in shares of DTE Energy Company (NYSE:DTE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,963 shares of the utilities provider's stock, valued at approximately $1,514,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mattson Financial Services LLC bought a new stake in shares of DTE Energy during the 4th quarter valued at $38,000. Bank of New Hampshire purchased a new stake in shares of DTE Energy during the first quarter worth about $55,000. Colonial Trust Co SC grew its holdings in DTE Energy by 1,266.7% during the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after buying an additional 608 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in DTE Energy in the 4th quarter valued at $87,000. Finally, Optiver Holding B.V. grew its position in shares of DTE Energy by 82.1% during the fourth quarter. Optiver Holding B.V. now owns 785 shares of the utilities provider's stock valued at $95,000 after purchasing an additional 354 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

DTE stock traded up $1.82 during trading on Thursday, reaching $132.50. The company had a trading volume of 603,117 shares, compared to its average volume of 1,284,130. DTE Energy Company has a twelve month low of $108.40 and a twelve month high of $140.39. The firm has a 50-day simple moving average of $134.82 and a 200-day simple moving average of $130.01. 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 company has a market cap of $27.50 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 2.40 and a beta of 0.44.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, sell-side analysts expect that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid 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 3.29%. DTE Energy's payout ratio is 58.92%.

Analyst Upgrades and Downgrades

DTE has been the topic of several research reports. Evercore ISI boosted their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. 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. Wells Fargo & Company upped their target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Citigroup reissued a "buy" rating and issued a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and a consensus target price of $140.93.

DTE Energy Company Profile

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.