Advisor Group Inc. grew its position in shares of DTE Energy Company (NYSE:DTE) by 16.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,052 shares of the utilities provider’s stock after purchasing an additional 1,951 shares during the quarter. Advisor Group Inc.’s holdings in DTE Energy were worth $1,509,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of DTE. Dimensional Fund Advisors LP increased its holdings in shares of DTE Energy by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 410,393 shares of the utilities provider’s stock valued at $41,902,000 after purchasing an additional 22,638 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in shares of 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 valued at $1,027,000 after purchasing an additional 4,209 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of DTE Energy during the 2nd quarter valued at approximately $521,000. Louisiana State Employees Retirement System increased its holdings in shares of 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 valued at $1,174,000 after purchasing an additional 100 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in shares of DTE Energy by 10.7% during the 2nd quarter. Aperio Group LLC now owns 82,824 shares of the utilities provider’s stock valued at $8,762,000 after purchasing an additional 7,972 shares in the last quarter. 68.18% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Bank of America Corporation assumed coverage on shares of DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $113.00 target price on shares of DTE Energy in a report on Sunday, August 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. DTE Energy currently has a consensus rating of “Hold” and a consensus price target of $111.50.
DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. DTE Energy’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. analysts expect that DTE Energy Company will post 5.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be issued a $0.8825 dividend. This represents a $3.53 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s payout ratio is presently 60.33%.
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