Wealthspire Advisors LLC reduced its position in shares of DTE Energy Company (NYSE:DTE - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,171 shares of the utilities provider's stock after selling 1,860 shares during the quarter. Wealthspire Advisors LLC's holdings in DTE Energy were worth $853,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of DTE. Cloud Capital Management LLC purchased a new position in DTE Energy during the first quarter worth approximately $25,000. Olde Wealth Management LLC purchased a new position in shares of DTE Energy during the 1st quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DTE Energy during the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC acquired a new stake in DTE Energy in the 1st quarter valued at $31,000. Finally, Mattson Financial Services LLC acquired a new stake in DTE Energy in the 4th quarter valued at $38,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.
DTE Energy Stock Performance
NYSE DTE opened at $140.13 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The stock's fifty day moving average is $134.74 and its two-hundred day moving average is $132.77. The firm has a market capitalization of $29.09 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $141.54.
DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.67 billion. On average, research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.
DTE Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. DTE Energy's payout ratio is presently 62.73%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on DTE shares. Barclays upped their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Morgan Stanley decreased their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, Evercore ISI raised their target price on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $141.53.
Check Out Our Latest Report on DTE Energy
DTE Energy Company 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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