DTE Energy (NYSE:DTE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in DTE Energy (NYSE:DTE – Get Rating) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 609,938 shares of the utilities provider’s stock after purchasing an additional 9,835 shares during the quarter. Dimensional Fund Advisors LP owned about 0.31% of DTE Energy worth $71,694,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 23,418,393 shares of the utilities provider’s stock valued at $2,694,286,000 after acquiring an additional 677,802 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of DTE Energy by 6.5% during the 3rd quarter. BlackRock Inc. now owns 18,213,090 shares of the utilities provider’s stock valued at $2,095,415,000 after acquiring an additional 1,111,992 shares in the last quarter. State Street Corp lifted its holdings in shares of DTE Energy by 3.8% during the 3rd quarter. State Street Corp now owns 10,288,386 shares of the utilities provider’s stock valued at $1,192,570,000 after acquiring an additional 372,903 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DTE Energy by 15.8% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 4,431,298 shares of the utilities provider’s stock valued at $509,910,000 after acquiring an additional 605,522 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of DTE Energy by 33.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,286,775 shares of the utilities provider’s stock valued at $263,268,000 after acquiring an additional 577,589 shares in the last quarter. Institutional investors and hedge funds own 74.55% of the company’s stock.

DTE Energy Price Performance

DTE opened at $106.99 on Friday. The company has a 50-day moving average of $68.60 and a 200-day moving average of $66.82. The company has a market capitalization of $22.05 billion, a P/E ratio of 18.94, a PEG ratio of 2.94 and a beta of 0.59. DTE Energy has a 1-year low of $100.64 and a 1-year high of $136.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.68 and a current ratio of 0.88.

DTE Energy (NYSE:DTE – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The utilities provider reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.05). DTE Energy had a net margin of 6.15% and a return on equity of 10.59%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $4.79 billion. During the same period in the prior year, the company earned $2.31 EPS. Equities analysts expect that DTE Energy will post 6.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Monday, June 19th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, June 15th. DTE Energy’s dividend payout ratio is presently 67.43%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of DTE Energy from $138.00 to $133.00 and set an “overweight” rating on the stock in a report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft set a €29.50 ($32.07) price target on shares of DTE Energy in a research note on Thursday, February 23rd. BMO Capital Markets lifted their price target on shares of DTE Energy from $123.00 to $124.00 and gave the stock a “market perform” rating in a research note on Monday, April 10th. Jefferies Financial Group set a €23.60 ($25.65) price target on shares of DTE Energy in a research note on Thursday, February 23rd. Finally, Guggenheim dropped their price target on shares of DTE Energy from $131.00 to $127.00 in a research note on Monday, April 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.94.

Insider Activity at DTE Energy

In related news, SVP Joann Chavez sold 4,000 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $113.09, for a total transaction of $452,360.00. Following the completion of the sale, the senior vice president now owns 14,607 shares of the company’s stock, valued at approximately $1,651,905.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

About DTE Energy

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DTE Energy Co operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. It operates through the following segments: Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment consists of generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan.