Commonwealth Equity Services Inc Boosts Position in DTE Energy Company (DTE)
Commonwealth Equity Services Inc increased its position in shares of DTE Energy Company (NYSE:DTE) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,874 shares of the utilities provider’s stock after acquiring an additional 2,677 shares during the period. Commonwealth Equity Services Inc’s holdings in DTE Energy were worth $4,710,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DTE. NN Investment Partners Holdings N.V. lifted its stake in DTE Energy by 76.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 9,710 shares of the utilities provider’s stock worth $1,027,000 after acquiring an additional 4,209 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in DTE Energy by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the utilities provider’s stock worth $1,174,000 after acquiring an additional 100 shares in the last quarter. Aperio Group LLC lifted its stake in DTE Energy by 10.7% during the 2nd quarter. Aperio Group LLC now owns 82,824 shares of the utilities provider’s stock worth $8,762,000 after acquiring an additional 7,972 shares in the last quarter. Gradient Investments LLC lifted its stake in DTE Energy by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 3 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its stake in DTE Energy by 2.1% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,633 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 33 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Credit Suisse Group decreased their target price 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. Bank of America Corporation assumed coverage on DTE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price on the stock. Jefferies Group LLC restated a “buy” rating and set a $121.00 price target on shares of DTE Energy in a report on Tuesday, August 29th. KeyCorp restated a “buy” rating and set a $113.00 price target on shares of DTE Energy in a report on Sunday, August 27th. Finally, BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $111.50.
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Shares of DTE Energy Company (NYSE:DTE) traded down $0.38 during midday trading on Monday, reaching $112.56. The company’s stock had a trading volume of 9,890 shares, compared to its average volume of 1,030,000. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20. DTE Energy Company has a 12 month low of $90.91 and a 12 month high of $116.21. The stock has a market cap of $20,190.00, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 3.40 and a beta of 0.22.
DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share for the quarter, missing the Thomson Reuters’ 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 last year, the company earned $1.96 EPS. DTE Energy’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts anticipate that DTE Energy Company will post 5.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be issued a $0.8825 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio is presently 60.33%.
About DTE Energy
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