DTE Energy Company $DTE Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC grew its stake in shares of DTE Energy Company (NYSE:DTE) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,521 shares of the utilities provider’s stock after acquiring an additional 5,658 shares during the quarter. AE Wealth Management LLC’s holdings in DTE Energy were worth $16,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Salomon & Ludwin LLC grew its position in DTE Energy by 29.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 70 shares during the last quarter. Keybank National Association OH lifted its stake in shares of DTE Energy by 1.6% during the second quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after buying an additional 72 shares during the period. Atria Investments Inc grew its holdings in shares of DTE Energy by 0.6% during the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after buying an additional 72 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of DTE Energy by 2.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 73 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of DTE Energy by 1.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 75 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

DTE opened at $134.41 on Friday. The firm has a fifty day moving average price of $132.01 and a 200 day moving average price of $136.11. DTE Energy Company has a 1 year low of $118.20 and a 1 year high of $143.79. The stock has a market cap of $27.91 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.51 and a beta of 0.49. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same quarter in the previous year, the company earned $2.22 earnings per share. Equities research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio is currently 69.97%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $142.00 price target on shares of DTE Energy in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. Scotiabank dropped their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. cut their price target on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Finally, UBS Group reduced their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.62.

DTE Energy Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.