Illinois Municipal Retirement Fund raised its holdings in shares of DTE Energy Company (NYSE:DTE - Free Report) by 15.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 57,417 shares of the utilities provider's stock after acquiring an additional 7,849 shares during the period. Illinois Municipal Retirement Fund's holdings in DTE Energy were worth $7,939,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in DTE. Capital World Investors increased its stake in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after acquiring an additional 3,766,221 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of DTE Energy by 14,878.4% during the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock worth $163,655,000 after purchasing an additional 1,175,689 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of DTE Energy by 3.6% in 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 buying an additional 879,670 shares during the period. Balyasny Asset Management L.P. increased its position in shares of DTE Energy by 1,794.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after buying an additional 871,978 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in DTE Energy by 750.0% during the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after acquiring an additional 851,169 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.
DTE Energy Stock Performance
Shares of DTE Energy stock traded up $0.92 during trading on Monday, reaching $132.54. The company's stock had a trading volume of 2,277,762 shares, compared to its average volume of 1,275,985. DTE Energy Company has a 52 week low of $108.40 and a 52 week high of $140.39. The firm has a market cap of $27.50 billion, a PE ratio of 17.91, a P/E/G ratio of 2.39 and a beta of 0.45. The business's 50-day moving average price is $134.99 and its 200-day moving average price is $129.91. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82.
DTE Energy (NYSE:DTE - Get Free Report) last announced 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 company had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. During the same period last year, the firm earned $1.67 earnings per share. Equities analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.
DTE Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.09 per share. The ex-dividend date is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.29%. DTE Energy's payout ratio is 58.92%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on DTE shares. Morgan Stanley lowered their target price 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. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. BMO Capital Markets upped 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 note on Monday, April 21st. Evercore ISI lifted their price target on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company increased their price objective on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One 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. According to data from MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and a consensus price target of $140.93.
View Our Latest Stock Report on DTE
DTE Energy Profile
(
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.
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