ClearBridge Investments Ltd raised its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 598,401 shares of the utilities provider's stock after purchasing an additional 55,071 shares during the quarter. DTE Energy accounts for 1.9% of ClearBridge Investments Ltd's portfolio, making the stock its 22nd largest position. ClearBridge Investments Ltd owned 0.29% of DTE Energy worth $72,257,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its holdings in DTE Energy by 2.4% during the 3rd quarter. D.A. Davidson & CO. now owns 5,037 shares of the utilities provider's stock worth $647,000 after buying an additional 119 shares during the last quarter. FMR LLC increased its stake in DTE Energy by 6.1% during the third quarter. FMR LLC now owns 342,608 shares of the utilities provider's stock valued at $43,994,000 after purchasing an additional 19,678 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of DTE Energy by 10.1% during the third quarter. Townsquare Capital LLC now owns 8,831 shares of the utilities provider's stock worth $1,134,000 after purchasing an additional 810 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DTE Energy by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,124 shares of the utilities provider's stock worth $8,234,000 after buying an additional 1,970 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of DTE Energy by 2.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 36,133 shares of the utilities provider's stock valued at $4,640,000 after buying an additional 1,000 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.
DTE Energy Price Performance
Shares of NYSE:DTE traded up $1.22 during trading hours on Thursday, hitting $139.22. 811,993 shares of the company's stock traded hands, compared to its average volume of 1,163,336. The company's fifty day simple moving average is $129.78 and its two-hundred day simple moving average is $125.53. The company has a market cap of $28.89 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. 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 52 week low of $103.06 and a 52 week high of $140.11.
DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (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 analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal 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 paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.13%. DTE Energy's dividend payout ratio is currently 64.40%.
Analyst Ratings Changes
Several equities analysts have recently commented on DTE shares. KeyCorp lowered shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. BMO Capital Markets boosted their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Scotiabank raised their target price on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Finally, Guggenheim boosted their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.58.
View Our Latest Report on DTE Energy
Insiders Place Their Bets
In other news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.33% of the company's stock.
About DTE Energy
(
Free Report)
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.
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