Teacher Retirement System of Texas lowered its position in shares of DTE Energy Company (NYSE:DTE - Free Report) by 44.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 277,908 shares of the utilities provider's stock after selling 220,117 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of DTE Energy worth $38,426,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in DTE Energy by 0.9% in the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock worth $1,250,000 after buying an additional 78 shares during the last quarter. First American Bank grew its stake in DTE Energy by 0.7% during the first quarter. First American Bank now owns 12,304 shares of the utilities provider's stock worth $1,701,000 after buying an additional 85 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in DTE Energy by 0.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,145 shares of the utilities provider's stock valued at $3,339,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of DTE Energy by 8.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after buying an additional 90 shares during the period. Finally, My Legacy Advisors LLC raised its stake in shares of DTE Energy by 2.4% during the first quarter. My Legacy Advisors LLC now owns 4,132 shares of the utilities provider's stock valued at $571,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on DTE shares. Citigroup reaffirmed a "buy" rating and issued a $151.00 price target (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. BMO Capital Markets increased their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Evercore ISI boosted their price target on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered 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 note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.93.
Check Out Our Latest Report on DTE Energy
DTE Energy Price Performance
DTE traded down $0.83 on Monday, reaching $131.11. The company had a trading volume of 1,291,689 shares, compared to its average volume of 1,413,928. The company has a market capitalization of $27.21 billion, a P/E ratio of 17.72, a PEG ratio of 2.40 and a beta of 0.44. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 1.82. The company has a fifty day moving average of $134.60 and a 200-day moving average of $130.32. DTE Energy Company has a one year low of $108.40 and a one year high of $140.39.
DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping 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 firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. As a group, equities research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.
DTE Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Monday, September 15th. DTE Energy's payout ratio is 58.92%.
DTE Energy Profile
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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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