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Deutsche Bank AG Has $73.27 Million Stock Holdings in DTE Energy Company (NYSE:DTE)

DTE Energy logo with Utilities background

Key Points

  • Deutsche Bank AG increased its stake in DTE Energy by 16.9%, holding approximately 529,898 shares valued at $73.27 million following additional purchases in Q1.
  • DTE Energy's stock has recently seen a 0.1% price increase, with shares opening at $140.30, and the company reported a quarterly profit of $1.36 EPS, slightly missing estimates.
  • The firm declared a quarterly dividend of $1.09, translating to an annual yield of 3.1%, with the ex-dividend date set for September 15th.
  • Need better tools to track DTE Energy? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Deutsche Bank AG raised its stake in DTE Energy Company (NYSE:DTE - Free Report) by 16.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 529,898 shares of the utilities provider's stock after purchasing an additional 76,633 shares during the quarter. Deutsche Bank AG owned approximately 0.26% of DTE Energy worth $73,269,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in DTE Energy by 5.1% during the first quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider's stock worth $303,000 after buying an additional 107 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of DTE Energy by 17.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider's stock worth $293,000 after purchasing an additional 318 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of DTE Energy by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 8,560 shares of the utilities provider's stock valued at $1,184,000 after purchasing an additional 658 shares during the period. Fifth Third Bancorp lifted its stake in DTE Energy by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 7,705 shares of the utilities provider's stock valued at $1,065,000 after purchasing an additional 264 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in DTE Energy in the 4th quarter valued at about $351,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Up 0.1%

Shares of DTE opened at $140.30 on Monday. The stock's 50-day moving average price is $134.82 and its two-hundred day moving average price is $133.07. DTE Energy Company has a 12 month low of $115.59 and a 12 month high of $141.54. The company has a market capitalization of $29.12 billion, a PE ratio of 20.19, a PEG ratio of 2.79 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company 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 $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's payout ratio is presently 62.73%.

Wall Street Analyst Weigh In

DTE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley cut their price target on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. BMO Capital Markets upped their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Barclays raised their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy has an average rating of "Moderate Buy" and an average price target of $141.53.

Get Our Latest Research Report on DTE Energy

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.

See Also

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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