Quantinno Capital Management LP Buys 22,662 Shares of DTE Energy Company $DTE

Quantinno Capital Management LP raised its stake in DTE Energy Company (NYSE:DTE) by 16.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,869 shares of the utilities provider’s stock after acquiring an additional 22,662 shares during the period. Quantinno Capital Management LP’s holdings in DTE Energy were worth $23,669,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Soroban Capital Partners LP raised its stake in DTE Energy by 2.0% in the first quarter. Soroban Capital Partners LP now owns 2,038,473 shares of the utilities provider’s stock valued at $298,066,000 after purchasing an additional 39,963 shares in the last quarter. SummitTX Capital L.P. bought a new stake in DTE Energy during the first quarter worth about $1,276,000. Blue Chip Partners LLC grew its stake in DTE Energy by 1.8% during the first quarter. Blue Chip Partners LLC now owns 131,716 shares of the utilities provider’s stock worth $19,260,000 after buying an additional 2,315 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in DTE Energy by 12.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 102,737 shares of the utilities provider’s stock valued at $15,022,000 after buying an additional 11,543 shares during the period. Finally, 44 Wealth Management LLC acquired a new position in shares of DTE Energy in the 1st quarter valued at approximately $1,369,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 0.2%

DTE stock opened at $141.94 on Friday. The stock has a market capitalization of $29.54 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 2.13. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74. The firm has a 50-day moving average price of $147.60 and a 200-day moving average price of $144.78.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.18. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same period in the previous year, the firm posted $1.36 EPS. As a group, equities research analysts anticipate that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.3%. DTE Energy’s dividend payout ratio (DPR) is currently 73.73%.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Mizuho decreased their price objective on shares of DTE Energy from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research report on Thursday, July 9th. Morgan Stanley restated an “overweight” rating on shares of DTE Energy in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 target price on shares of DTE Energy in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.46.

DTE Energy 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.