True Link Financial Advisors LLC Acquires New Holdings in DTE Energy Company (NYSE:DTE)

True Link Financial Advisors LLC acquired a new stake in DTE Energy Company (NYSE:DTE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,233 shares of the utilities provider's stock, valued at approximately $447,000.

Several other large investors also recently bought and sold shares of the company. Capital World Investors raised its holdings in 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 acquiring an additional 3,766,221 shares in the last quarter. GAMMA Investing LLC raised its holdings in DTE Energy by 14,878.4% in the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock valued at $163,655,000 after acquiring an additional 1,175,689 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 in the last quarter. Balyasny Asset Management L.P. raised its holdings in DTE Energy by 1,794.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after acquiring an additional 871,978 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in DTE Energy by 750.0% in the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock valued at $116,482,000 after acquiring an additional 851,169 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Performance

Shares of DTE traded up $0.50 during midday trading on Friday, hitting $132.30. 1,604,686 shares of the stock traded hands, compared to its average volume of 1,269,758. DTE Energy Company has a 1-year low of $108.40 and a 1-year high of $140.39. The firm has a market capitalization of $27.45 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.39 and a beta of 0.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. The business's 50 day moving average price is $135.06 and its two-hundred day moving average price is $129.43.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Equities research analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 3.30%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio is currently 58.92%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DTE shares. Morgan Stanley cut their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Evercore ISI lifted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Guggenheim lifted their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.