Russell Investments Group Ltd. Purchases 10,563 Shares of DTE Energy Company $DTE

Russell Investments Group Ltd. lifted its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,694 shares of the utilities provider's stock after buying an additional 10,563 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of DTE Energy worth $15,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of DTE Energy during the 1st quarter worth approximately $25,000. Olde Wealth Management LLC acquired a new stake in DTE Energy in the 1st quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DTE Energy in the 1st quarter valued at $28,000. SouthState Corp acquired a new stake in DTE Energy in the 1st quarter valued at $29,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in DTE Energy in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Sunday. Barclays lifted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Wells Fargo & Company lifted 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. Morgan Stanley reduced 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $142.29.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

DTE Energy Stock Up 0.0%

NYSE:DTE traded up $0.0640 during trading hours on Thursday, hitting $140.5540. 470,103 shares of the company traded hands, compared to its average volume of 1,388,762. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The firm's 50-day simple moving average is $135.67 and its 200-day simple moving average is $134.00. DTE Energy Company has a one year low of $115.59 and a one year high of $142.05. The company has a market cap of $29.18 billion, a PE ratio of 20.23, a PEG ratio of 2.77 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. Equities analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. DTE Energy's payout ratio is presently 62.73%.

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.