Sumitomo Mitsui Trust Group Inc. boosted its position in DTE Energy (NYSE:DTE - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 497,810 shares of the utilities provider's stock after purchasing an additional 37,124 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of DTE Energy worth $60,111,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of DTE Energy in the third quarter valued at approximately $30,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc increased its stake in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 267 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in DTE Energy in the third quarter valued at $39,000. Institutional investors and hedge funds own 76.06% of the company's stock.
DTE Energy Stock Up 3.0 %
Shares of DTE stock traded up $3.71 during trading hours on Thursday, reaching $127.90. The company had a trading volume of 2,582,425 shares, compared to its average volume of 1,153,397. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a twelve month low of $103.06 and a twelve month high of $131.66. The stock's fifty day simple moving average is $120.98 and its 200 day simple moving average is $122.94. The company has a market capitalization of $26.49 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68.
DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.33% and a return on equity of 13.42%. As a group, sell-side analysts expect that DTE Energy will post 6.77 earnings per share for the current fiscal year.
DTE Energy Dividend Announcement
The firm also recently announced 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. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.41%. DTE Energy's dividend payout ratio is presently 59.08%.
Wall Street Analyst Weigh In
DTE has been the subject of several analyst reports. UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. StockNews.com lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Thursday. Scotiabank upped their price target 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, KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.25.
View Our Latest Analysis on DTE
DTE Energy Company Profile
(
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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