Unigestion Holding SA lifted its position in DTE Energy Co (NYSE:DTE) by 50.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 191,126 shares of the utilities provider’s stock after purchasing an additional 64,466 shares during the quarter. Unigestion Holding SA owned 0.10% of DTE Energy worth $25,412,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC bought a new stake in shares of DTE Energy in the 2nd quarter worth about $26,000. 1 North Wealth Services LLC acquired a new position in DTE Energy during the 3rd quarter worth about $27,000. Mechanics Bank Trust Department acquired a new position in DTE Energy during the 3rd quarter worth about $29,000. Mcmillion Capital Management Inc. acquired a new position in DTE Energy during the 2nd quarter worth about $34,000. Finally, AdvisorNet Financial Inc lifted its position in DTE Energy by 85.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 328 shares of the utilities provider’s stock worth $42,000 after buying an additional 151 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on DTE. Wells Fargo & Co set a $145.00 price target on shares of DTE Energy and gave the stock a “buy” rating in a research report on Monday, October 21st. Bank of America reiterated a “buy” rating on shares of DTE Energy in a research report on Saturday, November 2nd. Credit Suisse Group reiterated a “neutral” rating on shares of DTE Energy in a research report on Thursday, October 17th. JPMorgan Chase & Co. began coverage on shares of DTE Energy in a research report on Tuesday, October 8th. They set a “neutral” rating and a $144.00 price target on the stock. Finally, ValuEngine downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. DTE Energy currently has a consensus rating of “Buy” and an average target price of $130.17.
DTE Energy stock traded down $1.29 during trading hours on Friday, reaching $120.49. 1,419,530 shares of the company’s stock traded hands, compared to its average volume of 1,025,309. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.77. DTE Energy Co has a fifty-two week low of $107.22 and a fifty-two week high of $134.37. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.32 and a beta of 0.18. The firm’s 50 day moving average is $129.47 and its 200-day moving average is $128.55.
DTE Energy (NYSE:DTE) last released its earnings results on Monday, October 28th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). DTE Energy had a net margin of 8.24% and a return on equity of 9.93%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. Analysts predict that DTE Energy Co will post 6.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $1.013 per share. The ex-dividend date is Friday, December 13th. This is an increase from DTE Energy’s previous quarterly dividend of $0.95. This represents a $4.05 dividend on an annualized basis and a yield of 3.36%. DTE Energy’s dividend payout ratio is presently 60.00%.
In related news, COO Mark W. Stiers sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $131.00, for a total value of $1,310,000.00. Following the sale, the chief operating officer now directly owns 17,111 shares in the company, valued at approximately $2,241,541. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Torgow purchased 1,537 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $129.95 per share, for a total transaction of $199,733.15. Following the completion of the transaction, the director now directly owns 2,537 shares in the company, valued at $329,683.15. The disclosure for this purchase can be found here. Corporate insiders own 0.55% of the company’s stock.
DTE Energy Profile
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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