DTE Energy Company $DTE Position Increased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its position in DTE Energy Company (NYSE:DTE) by 49.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,811 shares of the utilities provider’s stock after purchasing an additional 79,870 shares during the quarter. Mediolanum International Funds Ltd owned approximately 0.12% of DTE Energy worth $34,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Wealth Strategies & Associates bought a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $28,000. Clean Yield Group acquired a new stake in DTE Energy in the third quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new stake in DTE Energy in the third quarter worth approximately $28,000. Capital A Wealth Management LLC grew its position in DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 231 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of DTE Energy during the 3rd quarter worth $31,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Down 0.2%

DTE Energy stock opened at $134.17 on Friday. DTE Energy Company has a 52 week low of $118.20 and a 52 week high of $143.79. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. The firm has a market capitalization of $27.86 billion, a PE ratio of 20.15, a PEG ratio of 2.47 and a beta of 0.49. The business’s 50-day simple moving average is $131.98 and its 200-day simple moving average is $136.13.

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

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.165 dividend. The ex-dividend date was Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a dividend yield of 3.5%. DTE Energy’s dividend payout ratio is 69.97%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DTE. Jefferies Financial Group upped their price objective on shares of DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank reduced their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Bank of America raised their price objective on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $142.00 target price on shares of DTE Energy in a research report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.62.

DTE Energy Company 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.