Mutual of America Capital Management LLC raised its position in DTE Energy (NYSE:DTE – Get Rating) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 29,276 shares of the utilities provider’s stock after acquiring an additional 279 shares during the period. Mutual of America Capital Management LLC’s holdings in DTE Energy were worth $3,871,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Tsfg LLC lifted its stake in shares of DTE Energy by 73.5% in the 4th quarter. Tsfg LLC now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 100 shares during the period. City State Bank bought a new position in DTE Energy in the fourth quarter worth approximately $32,000. FSB Premier Wealth Management Inc. purchased a new position in shares of DTE Energy during the 4th quarter worth $46,000. Widmann Financial Services Inc. bought a new stake in shares of DTE Energy during the 4th quarter valued at $49,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of DTE Energy in the 1st quarter worth $56,000. 72.21% of the stock is owned by hedge funds and other institutional investors.
DTE Energy Stock Performance
Shares of NYSE DTE opened at $126.25 on Wednesday. The company has a market cap of $24.46 billion, a P/E ratio of 27.15, a P/E/G ratio of 3.43 and a beta of 0.62. DTE Energy has a 52-week low of $108.22 and a 52-week high of $140.23. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.51 and a current ratio of 0.64. The firm’s fifty day moving average is $126.17 and its two-hundred day moving average is $126.25.
DTE Energy (NYSE:DTE – Get Rating) last issued its earnings results on Thursday, April 28th. The utilities provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.25. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $3.53 billion. DTE Energy had a return on equity of 13.58% and a net margin of 5.59%. During the same period in the previous year, the firm posted $2.44 earnings per share. As a group, analysts anticipate that DTE Energy will post 6.02 EPS for the current fiscal year.
DTE Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Monday, September 19th will be given a dividend of $0.885 per share. The ex-dividend date is Friday, September 16th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 2.80%. DTE Energy’s dividend payout ratio is currently 76.13%.
Insider Activity at DTE Energy
In other DTE Energy news, VP Lisa A. Muschong sold 600 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $134.28, for a total transaction of $80,568.00. Following the completion of the transaction, the vice president now owns 3,485 shares in the company, valued at $467,965.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.
Analyst Ratings Changes
DTE has been the topic of several analyst reports. StockNews.com initiated coverage on DTE Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Mizuho cut their price objective on DTE Energy from $137.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Credit Suisse Group raised shares of DTE Energy from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $142.00 to $140.00 in a report on Monday, May 23rd. Citigroup lifted their price target on shares of DTE Energy from $134.00 to $146.00 in a report on Tuesday, May 3rd. Finally, Morgan Stanley reduced their price objective on shares of DTE Energy from $143.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.
DTE Energy Company Profile
DTE Energy Company engages in the utility operations. The company’s Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 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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