QRG Capital Management Inc. Purchases 2,884 Shares of DTE Energy Company (NYSE:DTE)

QRG Capital Management Inc. raised its position in DTE Energy Company (NYSE:DTE - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,897 shares of the utilities provider's stock after acquiring an additional 2,884 shares during the quarter. QRG Capital Management Inc.'s holdings in DTE Energy were worth $4,825,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Capital World Investors increased its position in shares of DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 valued at $163,655,000 after buying an additional 1,175,689 shares during the last quarter. Vanguard Group Inc. raised its position in DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of 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 worth $111,159,000 after acquiring an additional 871,978 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of 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 during the period. Institutional investors own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DTE. Evercore ISI lifted 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. Guggenheim lifted their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets increased their target price on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Barclays downgraded 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 report on Thursday, February 20th. Finally, Morgan Stanley dropped their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Trading Down 0.9%

Shares of DTE Energy stock opened at $132.00 on Wednesday. DTE Energy Company has a twelve month low of $108.40 and a twelve month high of $140.39. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $134.92 and a 200-day moving average price of $129.30. The firm has a market cap of $27.39 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.41 and a beta of 0.45.

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

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.30%. DTE Energy's payout ratio is currently 58.92%.

DTE Energy Company 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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