Chevy Chase Trust Holdings LLC Decreases Stock Position in DTE Energy (NYSE:DTE)

Chevy Chase Trust Holdings LLC decreased its position in DTE Energy (NYSE:DTE - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,768 shares of the utilities provider's stock after selling 2,227 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of DTE Energy worth $13,134,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Creative Planning raised its position in shares of DTE Energy by 6.2% in the third quarter. Creative Planning now owns 66,907 shares of the utilities provider's stock valued at $8,592,000 after purchasing an additional 3,893 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in DTE Energy by 14.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,480 shares of the utilities provider's stock valued at $3,015,000 after acquiring an additional 3,000 shares during the period. Blue Trust Inc. raised its holdings in DTE Energy by 52.5% during the 3rd quarter. Blue Trust Inc. now owns 3,042 shares of the utilities provider's stock valued at $391,000 after acquiring an additional 1,047 shares during the period. Cyndeo Wealth Partners LLC lifted its position in shares of DTE Energy by 1.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 51,968 shares of the utilities provider's stock worth $6,673,000 after acquiring an additional 523 shares in the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of DTE Energy in the third quarter worth $4,784,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on DTE. BMO Capital Markets boosted their price objective on DTE Energy from $125.00 to $135.00 and gave the company a "market perform" rating in a research note on Tuesday. Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. KeyCorp cut shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $135.83.

DTE Energy Price Performance

DTE traded up $0.40 during trading on Wednesday, reaching $129.95. The stock had a trading volume of 346,371 shares, compared to its average volume of 1,159,195. The business has a 50-day moving average of $121.54 and a 200-day moving average of $123.16. DTE Energy has a one year low of $103.06 and a one year high of $131.66. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock has a market cap of $26.93 billion, a PE ratio of 19.20, a PEG ratio of 2.37 and a beta of 0.68.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.36%. DTE Energy's dividend payout ratio (DPR) is 64.40%.

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.