Stephens Consulting LLC Has $1.25 Million Stake in DTE Energy (NYSE:DTE)

Stephens Consulting LLC grew its position in DTE Energy (NYSE:DTE - Free Report) by 135.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,036 shares of the utilities provider's stock after purchasing an additional 5,194 shares during the quarter. Stephens Consulting LLC's holdings in DTE Energy were worth $1,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors grew its position in DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after buying an additional 3,766,221 shares in the last quarter. GAMMA Investing LLC grew its position 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 worth $163,655,000 after buying an additional 1,175,689 shares in the last quarter. Vanguard Group Inc. grew its position in DTE Energy by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after buying an additional 879,670 shares in the last quarter. Balyasny Asset Management L.P. grew its position in DTE Energy by 1,794.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock worth $111,159,000 after buying an additional 871,978 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in DTE Energy by 750.0% during the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after buying an additional 851,169 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DTE shares. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $137.00 to $135.00 in a report on Thursday, February 20th. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Evercore ISI raised their target price on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup reaffirmed a "buy" rating and issued a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $140.93.

DTE Energy Trading Down 1.6%

NYSE DTE opened at $133.12 on Tuesday. 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 twelve month low of $108.40 and a twelve month high of $140.39. The company has a market cap of $27.62 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45. The business's fifty day moving average is $134.89 and its 200 day moving average is $129.28.

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 the consensus estimate of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the business posted $1.67 EPS. As a group, sell-side analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

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 given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend 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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