DTE Energy (NYSE:DTE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of DTE Energy (NYSE:DTE - Free Report) by 14,878.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,183,591 shares of the utilities provider's stock after buying an additional 1,175,689 shares during the quarter. GAMMA Investing LLC owned 0.57% of DTE Energy worth $163,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in DTE Energy by 16.0% during the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock worth $293,000 after buying an additional 336 shares during the period. Jones Financial Companies Lllp grew its position in DTE Energy by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after buying an additional 2,642 shares during the period. Orion Portfolio Solutions LLC grew its position in DTE Energy by 39.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after buying an additional 1,618 shares during the period. M&T Bank Corp grew its position in DTE Energy by 4.4% during the fourth quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock worth $1,139,000 after buying an additional 395 shares during the period. Finally, Truist Financial Corp grew its position in shares of DTE Energy by 2.0% in the fourth quarter. Truist Financial Corp now owns 12,027 shares of the utilities provider's stock valued at $1,452,000 after purchasing an additional 240 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DTE has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup reiterated a "buy" rating and issued a $151.00 price target (up from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Evercore ISI increased their price target on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Trading Down 0.6%

Shares of DTE traded down $0.77 on Thursday, hitting $132.54. 1,479,905 shares of the stock traded hands, compared to its average volume of 1,254,762. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $27.50 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.41 and a beta of 0.47. The stock's 50 day moving average is $134.65 and its two-hundred day moving average is $128.73. DTE Energy has a 1 year low of $108.40 and a 1 year high of $140.39.

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

DTE Energy Dividend Announcement

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