DTE Energy Company (NYSE:DTE) Shares Purchased by Xponance Inc.

Xponance Inc. increased its stake in DTE Energy Company (NYSE:DTE - Free Report) by 37.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,581 shares of the utilities provider's stock after acquiring an additional 21,338 shares during the period. Xponance Inc.'s holdings in DTE Energy were worth $10,865,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DTE. Cloud Capital Management LLC acquired a new stake in shares of DTE Energy in the first quarter worth approximately $25,000. Olde Wealth Management LLC acquired a new stake in shares of DTE Energy in the first quarter worth approximately $27,000. Mattson Financial Services LLC acquired a new stake in shares of DTE Energy in the fourth quarter worth approximately $38,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of DTE Energy in the first quarter worth approximately $41,000. Finally, Bank of New Hampshire acquired a new stake in shares of DTE Energy in the first quarter worth approximately $55,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.2%

Shares of DTE traded up $0.22 during mid-day trading on Friday, reaching $133.88. 1,156,385 shares of the stock traded hands, compared to its average volume of 1,298,015. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.43 and a beta of 0.44. The stock has a fifty day simple moving average of $134.17 and a 200 day simple moving average of $130.58. DTE Energy Company has a 12-month low of $112.65 and a 12-month high of $140.39. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82.

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, topping analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $1.67 earnings per share. Sell-side analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's payout ratio is currently 58.92%.

Analyst Ratings Changes

Several research firms recently commented on DTE. Evercore ISI raised their price target on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. BMO Capital Markets raised their price target on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a report on Monday, April 21st. Barclays cut their price target on shares of DTE Energy from $137.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Finally, Citigroup restated a "buy" rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $141.00.

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.