Apella Capital LLC Buys Shares of 2,403 DTE Energy (NYSE:DTE)

Apella Capital LLC acquired a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,403 shares of the utilities provider's stock, valued at approximately $314,000.

A number of other hedge funds also recently modified their holdings of DTE. Allworth Financial LP lifted its position in shares of DTE Energy by 16.0% during the 4th quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after buying an additional 336 shares during the period. Jones Financial Companies Lllp raised its holdings in DTE Energy by 72.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after purchasing an additional 2,642 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of DTE Energy by 39.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock valued at $693,000 after purchasing an additional 1,618 shares during the period. M&T Bank Corp lifted its holdings in shares of DTE Energy by 4.4% in the fourth quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock valued at $1,139,000 after purchasing an additional 395 shares in the last quarter. Finally, Truist Financial Corp grew its position in DTE Energy by 2.0% in the fourth quarter. Truist Financial Corp now owns 12,027 shares of the utilities provider's stock valued at $1,452,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Wells Fargo & Company increased their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. BMO Capital Markets boosted their price objective on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. Finally, Guggenheim upped their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Price Performance

Shares of DTE traded up $0.07 during mid-day trading on Monday, reaching $133.92. The stock had a trading volume of 1,077,394 shares, compared to its average volume of 1,258,775. The business has a fifty day moving average of $134.57 and a 200 day moving average of $128.90. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The firm has a market cap of $27.79 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.41 and a beta of 0.45. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same quarter in the prior year, the business posted $1.67 EPS. Equities analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Monday, June 16th. DTE Energy's dividend payout ratio is currently 58.92%.

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.