1,858 Shares in DTE Energy (NYSE:DTE) Purchased by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC acquired a new position in DTE Energy (NYSE:DTEGet Rating) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,858 shares of the utilities provider’s stock, valued at approximately $242,000.

Several other hedge funds have also recently bought and sold shares of DTE. Atria Investments LLC lifted its stake in DTE Energy by 2.7% in the 1st quarter. Atria Investments LLC now owns 10,840 shares of the utilities provider’s stock worth $1,433,000 after acquiring an additional 282 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of DTE Energy by 1.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 29,276 shares of the utilities provider’s stock worth $3,871,000 after purchasing an additional 279 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of DTE Energy by 81.1% during the 1st quarter. Metis Global Partners LLC now owns 3,067 shares of the utilities provider’s stock worth $406,000 after purchasing an additional 1,373 shares in the last quarter. Venture Visionary Partners LLC raised its stake in shares of DTE Energy by 5.0% during the 1st quarter. Venture Visionary Partners LLC now owns 4,280 shares of the utilities provider’s stock worth $565,000 after purchasing an additional 205 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of DTE Energy by 2.2% during the 1st quarter. Arizona State Retirement System now owns 53,926 shares of the utilities provider’s stock worth $7,130,000 after purchasing an additional 1,174 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $114.49 on Thursday. DTE Energy has a 1-year low of $100.64 and a 1-year high of $140.23. The firm has a market capitalization of $22.18 billion, a PE ratio of 19.81, a PEG ratio of 3.15 and a beta of 0.60. The business’s 50 day moving average is $114.76 and its 200-day moving average is $123.92. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 1.94.

DTE Energy (NYSE:DTEGet Rating) last posted its earnings results on Thursday, October 27th. The utilities provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. DTE Energy had a return on equity of 12.90% and a net margin of 5.79%. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Sell-side analysts predict that DTE Energy will post 6.02 earnings per share for the current year.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, January 15th. Investors of record on Monday, December 19th will be given a dividend of $0.952 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $0.89. DTE Energy’s dividend payout ratio (DPR) is 61.25%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DTE. Credit Suisse Group raised their price target on DTE Energy to $140.00 in a research note on Tuesday, August 9th. BMO Capital Markets raised their price target on DTE Energy from $117.00 to $125.00 and gave the stock a “market perform” rating in a research note on Tuesday. Citigroup cut their price target on DTE Energy from $146.00 to $139.00 in a research note on Friday, October 28th. Guggenheim cut their price target on DTE Energy from $145.00 to $122.00 in a research note on Monday, October 24th. Finally, StockNews.com assumed coverage on DTE Energy in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average price target of $129.00.

DTE Energy Company Profile

(Get Rating)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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