DTE Energy Co (DTE) Position Boosted by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. boosted its holdings in DTE Energy Co (NYSE:DTE) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,077 shares of the utilities provider’s stock after buying an additional 1,624 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in DTE Energy were worth $5,054,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in DTE Energy in the second quarter valued at $106,000. Spectrum Management Group Inc. acquired a new position in DTE Energy in the third quarter valued at $111,000. Sun Life Financial INC boosted its stake 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 acquiring an additional 1,303 shares in the last quarter. Vantage Investment Advisors LLC boosted its stake 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 acquiring an additional 10 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in DTE Energy by 36.1% in the second quarter. D.A. Davidson & CO. now owns 1,497 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 397 shares in the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total value of $1,399,089.77. Following the completion of the sale, the chairman now owns 83,000 shares in the company, valued at $9,373,190. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by company insiders.
Shares of DTE Energy Co (NYSE DTE) opened at $115.49 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. The company has a market cap of $20,642.44, a PE ratio of 22.34, a P/E/G ratio of 3.46 and a beta of 0.23. DTE Energy Co has a 12-month low of $95.23 and a 12-month high of $116.74.
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). The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. DTE Energy’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 EPS. equities analysts forecast that DTE Energy Co will post 5.54 EPS for the current year.
The company 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 $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 yield of 3.06%. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio (DPR) is presently 60.44%.
Several equities research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of DTE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price for the company. BidaskClub upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. Credit Suisse Group decreased their target price on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Finally, Jefferies Group reiterated a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given 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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About DTE Energy
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