Schroder Investment Management Group Increases Stock Position in DTE Energy (NYSE:DTE)

Schroder Investment Management Group boosted its position in DTE Energy (NYSE:DTE - Free Report) by 42.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,928 shares of the utilities provider's stock after acquiring an additional 10,384 shares during the period. Schroder Investment Management Group's holdings in DTE Energy were worth $4,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after acquiring an additional 879,670 shares during the period. State Street Corp increased its position in shares of DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock valued at $1,319,264,000 after buying an additional 662,569 shares during the period. Boston Partners increased its position in shares of DTE Energy by 25.1% during the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after buying an additional 582,643 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of DTE Energy by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,306,664 shares of the utilities provider's stock valued at $157,780,000 after buying an additional 31,827 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its position in shares of DTE Energy by 3.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider's stock valued at $116,512,000 after buying an additional 30,909 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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DTE Energy Trading Down 0.9 %

Shares of NYSE:DTE traded down $1.17 during trading on Thursday, reaching $129.34. 472,076 shares of the company traded hands, compared to its average volume of 1,176,445. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 2.41 and a beta of 0.49. DTE Energy has a 52-week low of $103.06 and a 52-week high of $140.39. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The business's fifty day moving average is $131.35 and its 200-day moving average is $125.79.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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%. As a group, analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The business 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 dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is presently 64.40%.

Wall Street Analyst Weigh In

DTE has been the topic of several analyst reports. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Guggenheim upped their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Morgan Stanley upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Scotiabank upped their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $138.58.

Insider Buying and Selling

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the transaction, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction 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 represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,559,205 over the last quarter. 0.33% of the stock is owned by company insiders.

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.