Barber Financial Group Inc. acquired a new stake in DTE Energy Company (NYSE:DTE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,605 shares of the utilities provider’s stock, valued at approximately $387,000.

A number of other institutional investors and hedge funds have also modified their holdings of DTE. Pacad Investment Ltd. acquired a new stake in DTE Energy in the second quarter valued at approximately $106,000. Gradient Investments LLC grew its holdings in DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 3 shares during the period. Spectrum Management Group Inc. acquired a new stake in DTE Energy in the third quarter valued at approximately $111,000. Sun Life Financial INC grew its holdings in DTE Energy by 13,030.0% in the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 1,303 shares during the period. Finally, Vantage Investment Advisors LLC grew its holdings in DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 10 shares during the period. 68.18% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on DTE shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. Credit Suisse Group lowered their price target on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. KeyCorp reaffirmed a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $111.50.

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Shares of DTE Energy Company (DTE) traded down $0.48 during trading on Friday, reaching $113.99. The company had a trading volume of 811,600 shares, compared to its average volume of 874,125. DTE Energy Company has a 52-week low of $90.91 and a 52-week high of $116.21. The stock has a market capitalization of $20,534.81, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 3.44 and a beta of 0.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. equities analysts predict that DTE Energy Company will post 5.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be given a dividend of $0.8825 per share. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a yield of 3.10%. DTE Energy’s dividend payout ratio (DPR) is presently 60.44%.

DTE Energy Profile

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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