Siemens Fonds Invest GmbH acquired a new stake in shares of DTE Energy (NYSE:DTE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,289 shares of the utilities provider's stock, valued at approximately $1,001,000.
A number of other institutional investors also recently added to or reduced their stakes in DTE. Robbins Farley acquired a new position in shares of DTE Energy in the 4th quarter worth approximately $57,000. Kestra Investment Management LLC bought a new position in DTE Energy in the 4th quarter worth approximately $57,000. Colonial Trust Co SC raised its position in DTE Energy by 1,266.7% in the 4th quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock worth $79,000 after purchasing an additional 608 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in DTE Energy in the 4th quarter worth approximately $87,000. Finally, Catalyst Capital Advisors LLC bought a new position in DTE Energy in the 4th quarter worth approximately $88,000. 76.06% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on DTE shares. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Guggenheim upped their target price on shares of 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 upped their target price on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. Evercore ISI upped their target price 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. Finally, Morgan Stanley dropped their target price 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 analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of "Moderate Buy" and a consensus target price of $140.93.
Read Our Latest Analysis on DTE
DTE Energy Trading Up 0.3%
Shares of DTE traded up $0.41 during trading hours on Friday, reaching $136.67. The stock had a trading volume of 1,520,079 shares, compared to its average volume of 1,252,046. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The firm has a 50-day moving average of $134.80 and a 200 day moving average of $128.32. The company has a market cap of $28.36 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.41 and a beta of 0.47.
DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS 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 analysts' expectations 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 in the prior year, the company earned $1.67 EPS. On average, sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.
DTE Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Monday, June 16th. DTE Energy's payout ratio is presently 58.92%.
About DTE Energy
(
Free Report)
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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