Mackey Komara & Dankovich LLC decreased its position in DTE Energy Co (NYSE:DTE) by 3.5% during the 3rd quarter, Holdings Channel reports. The firm owned 4,117 shares of the utilities provider’s stock after selling 150 shares during the quarter. Mackey Komara & Dankovich LLC’s holdings in DTE Energy were worth $547,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of DTE. Vanguard Group Inc. grew its holdings in DTE Energy by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 21,203,264 shares of the utilities provider’s stock worth $2,711,474,000 after acquiring an additional 272,213 shares during the last quarter. BlackRock Inc. lifted its position in DTE Energy by 7.2% during the 2nd quarter. BlackRock Inc. now owns 15,596,423 shares of the utilities provider’s stock valued at $1,994,469,000 after purchasing an additional 1,047,518 shares during the period. Northern Trust Corp lifted its position in DTE Energy by 2.2% during the 2nd quarter. Northern Trust Corp now owns 2,470,754 shares of the utilities provider’s stock valued at $315,960,000 after purchasing an additional 52,102 shares during the period. Boston Partners lifted its position in DTE Energy by 8.7% during the 2nd quarter. Boston Partners now owns 1,858,705 shares of the utilities provider’s stock valued at $237,706,000 after purchasing an additional 148,475 shares during the period. Finally, Invesco Ltd. lifted its position in DTE Energy by 10.1% during the 2nd quarter. Invesco Ltd. now owns 1,768,182 shares of the utilities provider’s stock valued at $226,115,000 after purchasing an additional 162,549 shares during the period. 69.09% of the stock is currently owned by institutional investors and hedge funds.
DTE has been the topic of a number of research reports. Mizuho set a $134.00 target price on shares of DTE Energy and gave the company a “buy” rating in a research report on Monday, October 21st. UBS Group restated a “buy” rating on shares of DTE Energy in a research report on Saturday, November 2nd. ValuEngine downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. DZ Bank restated a “buy” rating on shares of DTE Energy in a research report on Friday. Finally, Wells Fargo & Co set a $145.00 target price on shares of DTE Energy and gave the company a “buy” rating in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $130.17.
In other news, COO Mark W. Stiers sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $131.00, for a total transaction of $1,310,000.00. Following the completion of the transaction, the chief operating officer now directly owns 17,111 shares of the company’s stock, valued at approximately $2,241,541. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Torgow purchased 1,537 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $129.95 per share, with a total value of $199,733.15. Following the completion of the purchase, the director now directly owns 2,537 shares in the company, valued at $329,683.15. The disclosure for this purchase can be found here. 0.55% of the stock is currently owned by corporate insiders.
DTE Energy stock traded down $0.14 during trading hours on Tuesday, reaching $120.57. 1,074,911 shares of the company’s stock traded hands, compared to its average volume of 1,026,409. The firm has a market capitalization of $22.81 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 3.24 and a beta of 0.18. The firm’s 50 day moving average is $128.76 and its 200-day moving average is $128.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.77. DTE Energy Co has a fifty-two week low of $107.22 and a fifty-two week high of $134.37.
DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Monday, October 28th. The utilities provider reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.65 billion. DTE Energy had a net margin of 8.24% and a return on equity of 9.93%. During the same quarter in the prior year, the business earned $2.13 earnings per share. Analysts predict that DTE Energy Co will post 6.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a dividend of $1.013 per share. This represents a $4.05 dividend on an annualized basis and a yield of 3.36%. This is a boost from DTE Energy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Friday, December 13th. DTE Energy’s dividend payout ratio is presently 60.00%.
DTE Energy Profile
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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