Axxcess Wealth Management LLC decreased its holdings in shares of DTE Energy Company (NYSE:DTE - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,126 shares of the utilities provider's stock after selling 2,239 shares during the quarter. Axxcess Wealth Management LLC's holdings in DTE Energy were worth $1,262,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in DTE Energy during the first quarter worth $25,000. Olde Wealth Management LLC bought a new stake in shares of DTE Energy during the 1st quarter worth about $27,000. Mattson Financial Services LLC bought a new stake in shares of DTE Energy during the 4th quarter worth about $38,000. Bank of New Hampshire acquired a new position in shares of DTE Energy during the 1st quarter valued at about $55,000. Finally, Rossby Financial LCC bought a new position in shares of DTE Energy in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 76.06% of the company's stock.
DTE Energy Stock Performance
Shares of DTE traded up $0.22 on Friday, reaching $133.88. 1,156,385 shares of the stock traded hands, compared to its average volume of 1,298,015. The stock's 50-day moving average price is $134.22 and its 200-day moving average price is $130.49. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.87 and a quick ratio of 0.59. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.43 and a beta of 0.44. DTE Energy Company has a 12 month low of $112.65 and a 12 month high of $140.39.
DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping 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 firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. Equities analysts forecast that DTE Energy Company will post 7.18 EPS for the current fiscal year.
DTE Energy Dividend Announcement
The business also recently announced 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 is Monday, September 15th. This represents a $4.36 annualized dividend and a dividend yield of 3.26%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.
Analysts Set New Price Targets
DTE has been the subject of a number of recent analyst reports. Barclays decreased their target price on DTE Energy from $137.00 to $136.00 and set an "equal weight" rating for the company in a research report on Thursday. Evercore ISI raised their target price on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Citigroup reiterated a "buy" rating and issued a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. Finally, Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.00.
Read Our Latest Report on DTE
About DTE Energy
(
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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