Toronto Dominion Bank Purchases 22,265 Shares of DTE Energy (NYSE:DTE)

Toronto Dominion Bank increased its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,936 shares of the utilities provider's stock after acquiring an additional 22,265 shares during the period. Toronto Dominion Bank owned about 0.06% of DTE Energy worth $13,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted 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 valued at $3,053,330,000 after acquiring an additional 879,670 shares during the last quarter. Capital World Investors boosted its holdings in shares of DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after buying an additional 3,766,221 shares during the period. Geode Capital Management LLC raised its position in DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after buying an additional 115,270 shares during the last quarter. Boston Partners grew its position in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in DTE Energy by 0.5% during 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 in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Performance

NYSE DTE traded up $0.41 on Friday, hitting $136.67. 1,520,079 shares of the stock traded hands, compared to its average volume of 1,250,971. The business's fifty day moving average is $134.80 and its two-hundred day moving average is $128.39. The firm has a market capitalization of $28.36 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.41 and a beta of 0.47. DTE Energy has a 12 month low of $108.40 and a 12 month high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same quarter last year, the firm posted $1.67 EPS. As a group, equities analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.19%. DTE Energy's dividend payout ratio (DPR) is 58.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DTE shares. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. BMO Capital Markets upped their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Citigroup reiterated a "buy" rating and issued a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Finally, Morgan Stanley dropped their price target on 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $140.93.

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.