Czech National Bank Buys 2,696 Shares of DTE Energy (NYSE:DTE)

Czech National Bank boosted its stake in DTE Energy (NYSE:DTE - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,600 shares of the utilities provider's stock after purchasing an additional 2,696 shares during the quarter. Czech National Bank's holdings in DTE Energy were worth $6,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new position in DTE Energy during the fourth quarter valued at approximately $38,000. Robbins Farley purchased a new position in shares of DTE Energy during the 4th quarter valued at $57,000. Kestra Investment Management LLC bought a new position in shares of DTE Energy in the fourth quarter worth $57,000. Colonial Trust Co SC raised its position in shares of DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock worth $79,000 after buying an additional 608 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in DTE Energy during the fourth quarter valued at $87,000. Hedge funds and other institutional investors own 76.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DTE. 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 research note on Friday, May 2nd. Citigroup restated a "buy" rating and issued a $151.00 price objective (up from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. BMO Capital Markets lifted their target price on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Finally, Morgan Stanley lowered their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Trading Down 0.6%

DTE traded down $0.77 on Thursday, hitting $132.54. 1,357,134 shares of the company were exchanged, compared to its average volume of 1,252,550. 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 fifty day simple moving average of $134.77 and a two-hundred day simple moving average of $128.65. The stock has a market capitalization of $27.50 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. 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 released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. Sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio (DPR) is 58.92%.

About DTE Energy

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.