Patton Albertson Miller Group LLC Sells 16,377 Shares of DTE Energy Company (NYSE:DTE)

Patton Albertson Miller Group LLC lowered its position in DTE Energy Company (NYSE:DTE - Free Report) by 34.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,554 shares of the utilities provider's stock after selling 16,377 shares during the quarter. Patton Albertson Miller Group LLC's holdings in DTE Energy were worth $4,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DTE. Capital World Investors grew its stake in DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after purchasing an additional 3,766,221 shares in the last quarter. GAMMA Investing LLC boosted its position in DTE Energy by 14,878.4% during the 1st quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock valued at $163,655,000 after acquiring an additional 1,175,689 shares in the last quarter. Vanguard Group Inc. boosted its position in DTE Energy by 3.6% during 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 acquiring an additional 879,670 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in DTE Energy by 1,794.5% during 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 acquiring an additional 871,978 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in DTE Energy by 750.0% during the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock valued at $116,482,000 after acquiring an additional 851,169 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays increased their price objective on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a report on Tuesday. Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Citigroup reiterated a "buy" rating and set a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Finally, Wells Fargo & Company increased their price objective on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. One 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $141.53.

DTE Energy Stock Performance

Shares of DTE stock opened at $134.80 on Friday. The firm has a market capitalization of $27.97 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.29 and a beta of 0.44. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.87 and a quick ratio of 0.59. The business has a fifty day moving average of $133.92 and a 200 day moving average of $130.95. DTE Energy Company has a 1 year low of $115.48 and a 1 year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same quarter last year, the business posted $1.67 EPS. As a group, research analysts expect that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid 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 3.23%. DTE Energy's payout ratio is currently 58.92%.

DTE Energy Profile

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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