Worldquant Millennium Advisors LLC Raises Holdings in DTE Energy (NYSE:DTE)

Worldquant Millennium Advisors LLC raised its position in DTE Energy (NYSE:DTE - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,810 shares of the utilities provider's stock after buying an additional 11,543 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in DTE Energy were worth $4,928,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. SkyOak Wealth LLC raised its stake in shares of DTE Energy by 4.1% in the fourth quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider's stock valued at $262,000 after buying an additional 85 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of DTE Energy by 8.1% in the fourth 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. Stratos Wealth Partners LTD. raised its stake in shares of DTE Energy by 4.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock valued at $258,000 after buying an additional 92 shares during the period. Bleakley Financial Group LLC raised its stake in shares of DTE Energy by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock valued at $525,000 after buying an additional 96 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of DTE Energy by 1.4% in the fourth quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider's stock valued at $899,000 after buying an additional 103 shares during the period. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

NYSE DTE traded up $1.79 during trading on Friday, reaching $136.41. The company's stock had a trading volume of 1,069,005 shares, compared to its average volume of 1,249,378. The stock has a market capitalization of $28.31 billion, a PE ratio of 20.15, a P/E/G ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The firm has a fifty day moving average of $134.80 and a 200 day moving average of $127.74. DTE Energy has a one year low of $108.40 and a one year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced 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. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same period in the prior year, the company earned $1.67 EPS. Analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's payout ratio is currently 58.92%.

Analyst Ratings Changes

Several analysts have issued reports on DTE shares. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. Wells Fargo & Company boosted their target price on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup boosted their price objective on DTE Energy from $142.00 to $151.00 and gave the company a "buy" rating in a research note on Friday. Evercore ISI boosted their price objective on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Guggenheim boosted their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.93.

Insider Activity

In other news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This represents a 33.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.33% of the company's stock.

DTE Energy Company 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.