DRW Securities LLC raised its position in shares of DTE Energy (NYSE:DTE - Free Report) by 618.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,400 shares of the utilities provider's stock after buying an additional 63,181 shares during the period. DRW Securities LLC's holdings in DTE Energy were worth $8,863,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after buying an additional 879,670 shares during the last quarter. Geode Capital Management LLC raised its position in shares of DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after purchasing an additional 115,270 shares during the last quarter. Boston Partners boosted its stake in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Invesco Ltd. grew its position in DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after purchasing an additional 822,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in DTE Energy by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,306,664 shares of the utilities provider's stock valued at $157,780,000 after purchasing an additional 31,827 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.
Analysts Set New Price Targets
DTE has been the topic of a number of recent analyst reports. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. Guggenheim boosted their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. BMO Capital Markets raised their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.58.
View Our Latest Stock Analysis on DTE Energy
DTE Energy Price Performance
DTE Energy stock traded up $3.12 during mid-day trading on Monday, reaching $132.94. 395,870 shares of the company's stock traded hands, compared to its average volume of 1,180,560. DTE Energy has a 12-month low of $103.06 and a 12-month high of $140.39. The company has a market cap of $27.59 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.41 and a beta of 0.49. The stock has a 50 day moving average of $131.68 and a two-hundred day moving average of $125.84. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.
DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Equities analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.
DTE Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.28%. DTE Energy's payout ratio is 64.40%.
Insider Buying and Selling at DTE Energy
In other news, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. This 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 through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This represents a 35.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock valued at $1,559,205 in the last three months. 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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