DTE Energy (NYSE:DTE) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of DTE Energy (NYSE:DTE) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,053 shares of the utilities provider’s stock after acquiring an additional 883 shares during the period. CIBC Asset Management Inc’s holdings in DTE Energy were worth $4,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth $35,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth $35,000. Versant Capital Management Inc raised its stake in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in shares of DTE Energy during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DTE shares. Wells Fargo & Company boosted their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. StockNews.com downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets boosted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $135.83.

DTE Energy Stock Up 0.6 %

Shares of NYSE:DTE opened at $130.38 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a 1 year low of $103.06 and a 1 year high of $131.66. The stock has a market capitalization of $27.02 billion, a P/E ratio of 19.26, a PEG ratio of 2.37 and a beta of 0.68. The stock has a 50-day simple moving average of $121.73 and a 200-day simple moving average of $123.21.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.34%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

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.