WINTON GROUP Ltd lifted its holdings in DTE Energy Co (NYSE:DTE) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,949 shares of the utilities provider’s stock after buying an additional 1,780 shares during the period. WINTON GROUP Ltd’s holdings in DTE Energy were worth $1,283,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of DTE. Pacad Investment Ltd. bought a new stake in shares of DTE Energy in the 2nd quarter worth about $106,000. Spectrum Management Group Inc. bought a new stake in shares of DTE Energy in the 3rd quarter worth about $111,000. Sun Life Financial INC increased its holdings in shares of DTE Energy by 13,030.0% in the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after buying an additional 1,303 shares during the last quarter. Vantage Investment Advisors LLC increased its holdings in shares of DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after buying an additional 10 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in shares of DTE Energy by 335.1% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.
A number of equities analysts recently commented 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 price target for the company. Jefferies Group reaffirmed a “buy” rating and set a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and set a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group dropped their price target 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. DTE Energy has a consensus rating of “Hold” and a consensus target price of $111.50.
DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The firm had revenue of $3.25 billion for 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 for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 earnings per share. equities research analysts predict that DTE Energy Co will post 5.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be given a $0.8825 dividend. This represents a $3.53 annualized dividend and a yield of 3.06%. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, December 15th. DTE Energy’s payout ratio is 60.33%.
In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of the business’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 directly owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is owned by insiders.
DTE Energy Company Profile
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