DTE Energy (NYSE:DTE) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in DTE Energy (NYSE:DTE - Free Report) by 65.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,503 shares of the utilities provider's stock after acquiring an additional 12,509 shares during the quarter. Quantinno Capital Management LP's holdings in DTE Energy were worth $3,804,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake 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. Capital World Investors lifted 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 acquiring an additional 3,766,221 shares during the period. Geode Capital Management LLC lifted its stake in DTE Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after acquiring an additional 115,270 shares during the period. Boston Partners lifted its stake in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after acquiring an additional 582,643 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in DTE Energy by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock worth $329,988,000 after acquiring an additional 12,554 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by corporate insiders.

DTE Energy Stock Down 1.6%

Shares of DTE traded down $2.24 during mid-day trading on Wednesday, hitting $136.15. 1,459,457 shares of the company traded hands, compared to its average volume of 1,241,103. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. 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 company has a market capitalization of $28.25 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. The business has a 50 day moving average of $134.80 and a 200 day moving average of $127.56.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. Equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued 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 dividend yield of 3.20%. DTE Energy's dividend payout ratio (DPR) is currently 58.92%.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research reports. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. 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. 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. StockNews.com lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Finally, Morgan Stanley increased their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.31.

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.