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

Czech National Bank lifted its holdings in DTE Energy (NYSE:DTE - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,600 shares of the utilities provider's stock after buying an additional 2,696 shares during the period. Czech National Bank's holdings in DTE Energy were worth $6,582,000 at the end of the most recent reporting period.

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

DTE Energy Stock Performance

DTE stock traded up $1.15 during midday trading on Friday, reaching $133.85. 1,419,916 shares of the company's stock traded hands, compared to its average volume of 1,257,457. The company has a 50-day moving average price of $134.57 and a two-hundred day moving average price of $128.82. 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. The firm has a market capitalization of $27.78 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45.

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

DTE Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DTE shares. Evercore ISI boosted their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Guggenheim upped their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Wells Fargo & Company upped their price objective on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Finally, Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.93.

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.