LSV Asset Management boosted its stake in shares of DTE Energy Co (NYSE:DTE) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,000 shares of the utilities provider’s stock after purchasing an additional 600 shares during the period. LSV Asset Management’s holdings in DTE Energy were worth $1,764,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. First Hawaiian Bank bought a new position in shares of DTE Energy during the third quarter valued at approximately $337,000. BB&T Corp grew its stake in shares of DTE Energy by 32.9% during the third quarter. BB&T Corp now owns 4,662 shares of the utilities provider’s stock valued at $509,000 after buying an additional 1,153 shares during the last quarter. Aperio Group LLC grew its stake in DTE Energy by 5.3% in the third quarter. Aperio Group LLC now owns 104,504 shares of the utilities provider’s stock worth $11,404,000 after purchasing an additional 5,255 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in DTE Energy in the third quarter worth approximately $1,501,000. Finally, Strs Ohio grew its stake in DTE Energy by 3.8% in the third quarter. Strs Ohio now owns 30,050 shares of the utilities provider’s stock worth $3,279,000 after purchasing an additional 1,103 shares in the last quarter. 73.88% of the stock is currently owned by institutional investors.
In other news, VP Lisa A. Muschong sold 2,616 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $119.80, for a total transaction of $313,396.80. Following the completion of the sale, the vice president now owns 2,933 shares in the company, valued at approximately $351,373.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Gerard M. Anderson sold 11,000 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $119.39, for a total value of $1,313,290.00. Following the sale, the chairman now owns 79,906 shares of the company’s stock, valued at approximately $9,539,977.34. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
Shares of NYSE DTE opened at $122.74 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 3.28 and a beta of 0.27. DTE Energy Co has a 12-month low of $94.25 and a 12-month high of $122.99.
DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. During the same period last year, the business posted $1.26 EPS. As a group, equities research analysts expect that DTE Energy Co will post 6.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 18th will be issued a dividend of $0.945 per share. The ex-dividend date is Friday, March 15th. This represents a $3.78 annualized dividend and a dividend yield of 3.08%. DTE Energy’s dividend payout ratio is presently 60.00%.
Several research analysts recently issued reports on DTE shares. Wells Fargo & Co increased their price objective on DTE Energy from $118.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, October 25th. ValuEngine raised DTE Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Credit Suisse Group cut DTE Energy from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $109.00 to $111.00 in a research note on Thursday, October 25th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Wolfe Research cut DTE Energy from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $117.42.
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About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 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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