Brooklyn FI LLC Makes New Investment in DTE Energy (NYSE:DTE)

Brooklyn FI LLC acquired a new stake in DTE Energy (NYSE:DTE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,280 shares of the utilities provider's stock, valued at approximately $1,145,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. Capital World Investors lifted its holdings in shares of DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after purchasing an additional 3,766,221 shares in the last quarter. Geode Capital Management LLC grew its holdings in DTE Energy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after buying an additional 115,270 shares in the last quarter. Boston Partners raised its position in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after buying an additional 582,643 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in DTE Energy by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock valued at $329,988,000 after buying an additional 12,554 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DTE shares. Evercore ISI raised 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. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. BMO Capital Markets upped their target price on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Guggenheim boosted their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their price objective on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and a consensus target price of $140.93.

DTE Energy Price Performance

NYSE DTE traded up $0.96 on Thursday, hitting $135.94. The stock had a trading volume of 1,022,900 shares, compared to its average volume of 1,249,007. The firm has a 50-day moving average of $134.76 and a 200-day moving average of $128.10. The company has a market capitalization of $28.21 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a 52-week low of $108.40 and a 52-week high of $140.39.

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

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio is presently 58.92%.

DTE Energy 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.