Ullmann Financial Group Inc. Buys Shares of 2,227 DTE Energy Co (DTE)

Ullmann Financial Group Inc. bought a new stake in shares of DTE Energy Co (NYSE:DTE) in the 4th quarter, HoldingsChannel.com reports. The fund bought 2,227 shares of the utilities provider’s stock, valued at approximately $246,000.

Several other institutional investors have also made changes to their positions in DTE. Vanguard Group Inc. lifted its position in shares of DTE Energy by 1.6% during the third quarter. Vanguard Group Inc. now owns 19,856,235 shares of the utilities provider’s stock worth $2,166,911,000 after purchasing an additional 311,679 shares during the last quarter. Vanguard Group Inc lifted its position in shares of DTE Energy by 1.6% during the third quarter. Vanguard Group Inc now owns 19,856,235 shares of the utilities provider’s stock worth $2,166,911,000 after purchasing an additional 311,679 shares during the last quarter. Capital World Investors lifted its position in shares of DTE Energy by 17.0% during the third quarter. Capital World Investors now owns 16,272,144 shares of the utilities provider’s stock worth $1,775,779,000 after purchasing an additional 2,367,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of DTE Energy by 17.8% during the third quarter. Renaissance Technologies LLC now owns 2,969,900 shares of the utilities provider’s stock worth $324,105,000 after purchasing an additional 447,750 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of DTE Energy by 4.2% during the second quarter. Northern Trust Corp now owns 2,205,903 shares of the utilities provider’s stock worth $228,598,000 after purchasing an additional 88,227 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

In other DTE Energy news, insider Peter B. Oleksiak sold 1,850 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $118.67, for a total value of $219,539.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey A. Jewell sold 4,190 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $120.00, for a total transaction of $502,800.00. Following the completion of the sale, the chief accounting officer now owns 11,738 shares in the company, valued at approximately $1,408,560. The disclosure for this sale can be found here. Insiders sold 16,040 shares of company stock worth $1,919,640 in the last three months. 0.59% of the stock is currently owned by corporate insiders.

Several brokerages have recently commented on DTE. Citigroup increased their price target on shares of DTE Energy from $110.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, December 10th. Wells Fargo & Co increased their price target on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, October 25th. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Finally, Bank of America increased their price target on shares of DTE Energy from $101.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued 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 $115.09.

NYSE DTE traded down $3.24 during trading hours on Monday, reaching $108.62. The company’s stock had a trading volume of 33,527 shares, compared to its average volume of 979,875. The company has a quick ratio of 1.10, a current ratio of 1.47 and a debt-to-equity ratio of 1.27. DTE Energy Co has a 52 week low of $94.25 and a 52 week high of $121.00. The stock has a market capitalization of $20.02 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.97 and a beta of 0.21.

DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, October 24th. The utilities provider reported $2.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.39. DTE Energy had a net margin of 8.85% and a return on equity of 11.61%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the company posted $1.48 earnings per share. As a group, equities research analysts expect that DTE Energy Co will post 6.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be issued a $0.945 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $3.78 dividend on an annualized basis and a yield of 3.48%. This is a boost from DTE Energy’s previous quarterly dividend of $0.88. DTE Energy’s dividend payout ratio (DPR) is currently 67.62%.

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DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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