Banque Cantonale Vaudoise Takes Position in DTE Energy Company (NYSE:DTE)

Key Points

• Banque Cantonale Vaudoise has acquired a new position in DTE Energy during the first quarter, purchasing 6,594 shares valued at approximately $912,000.
• Analysts have raised their price targets for DTE Energy, with Wells Fargo increasing its target from $145.00 to $154.00 and others also showing positive outlooks, leading to an average rating of "Moderate Buy".
• DTE Energy recently announced a quarterly dividend of $1.09 per share, with a yield of 3.2% and an upcoming payment date of October 15th.

Banque Cantonale Vaudoise acquired a new position in DTE Energy Company (NYSE:DTE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,594 shares of the utilities provider's stock, valued at approximately $912,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cloud Capital Management LLC acquired a new position in DTE Energy in the first quarter worth approximately $25,000. Olde Wealth Management LLC acquired a new position in shares of DTE Energy in the 1st quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DTE Energy during the first quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of DTE Energy during the first quarter valued at $31,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of DTE Energy during the fourth quarter valued at $38,000. 76.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. BMO Capital Markets lifted their target price on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. Evercore ISI upped their price target on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. 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 report on Tuesday, July 15th. Finally, Barclays boosted their target price on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $141.53.

DTE Energy Trading Up 2.1%

Shares of NYSE DTE opened at $138.25 on Friday. The business has a 50 day simple moving average of $134.40 and a 200 day simple moving average of $132.17. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $140.39. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.69 and a beta of 0.44. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.59 and a current ratio of 0.94.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts predict that DTE Energy Company will post 7.18 earnings per share 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. Shareholders of record on Monday, September 15th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio (DPR) is 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.

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