Applied Finance Capital Management LLC Lowers Position in DTE Energy Company $DTE

Applied Finance Capital Management LLC trimmed its holdings in shares of DTE Energy Company (NYSE:DTE) by 4.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 83,980 shares of the utilities provider’s stock after selling 4,153 shares during the period. Applied Finance Capital Management LLC’s holdings in DTE Energy were worth $11,877,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DTE. Empowered Funds LLC increased its position in shares of DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares during the last quarter. Woodline Partners LP grew its stake in DTE Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after buying an additional 5,072 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of DTE Energy by 6.5% in the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after buying an additional 773 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of DTE Energy in the 2nd quarter worth $203,000. Finally, DAVENPORT & Co LLC raised its position in shares of DTE Energy by 35.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 3,287 shares of the utilities provider’s stock valued at $435,000 after buying an additional 866 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE stock opened at $135.12 on Tuesday. The company has a market capitalization of $28.06 billion, a P/E ratio of 20.29, a PEG ratio of 2.47 and a beta of 0.49. DTE Energy Company has a fifty-two week low of $122.12 and a fifty-two 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 stock has a 50 day moving average price of $131.87 and a two-hundred day moving average price of $136.03.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is 69.97%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DTE. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. UBS Group reduced their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. JPMorgan Chase & Co. cut their target price on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, Morgan Stanley increased their price target on shares of DTE Energy from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.69.

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.