DTE Energy (NYSE:DTE) Position Raised by Federated Hermes Inc.

Federated Hermes Inc. raised its position in shares of DTE Energy (NYSE:DTE) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,100 shares of the utilities provider’s stock after purchasing an additional 234 shares during the quarter. Federated Hermes Inc.’s holdings in DTE Energy were worth $121,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DTE. Raymond James & Associates raised its position in DTE Energy by 7.7% in the third quarter. Raymond James & Associates now owns 196,617 shares of the utilities provider’s stock worth $19,520,000 after acquiring an additional 14,040 shares in the last quarter. Forsta AP Fonden lifted its stake in DTE Energy by 22.9% during the third quarter. Forsta AP Fonden now owns 30,100 shares of the utilities provider’s stock valued at $2,988,000 after purchasing an additional 5,600 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in DTE Energy by 5.7% during the third quarter. New York State Teachers Retirement System now owns 229,998 shares of the utilities provider’s stock worth $22,834,000 after buying an additional 12,420 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in DTE Energy by 6.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,507 shares of the utilities provider’s stock worth $4,915,000 after buying an additional 2,883 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of DTE Energy by 2.2% in the third quarter. Strs Ohio now owns 111,917 shares of the utilities provider’s stock valued at $11,111,000 after buying an additional 2,363 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Down 0.2 %

DTE opened at $112.49 on Tuesday. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75. The business has a 50 day moving average price of $109.62 and a 200 day moving average price of $106.87. The firm has a market cap of $23.28 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. Research analysts forecast that DTE Energy will post 6.69 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.63%. DTE Energy’s dividend payout ratio is presently 66.78%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DTE shares. Morgan Stanley lifted their target price on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays upped their price target on DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Guggenheim downgraded shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 target price for the company. in a research report on Monday, January 22nd. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. Finally, Wolfe Research downgraded DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.50.

Insider Activity at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Matthew T. Paul sold 5,850 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the transaction, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the transaction, the chief accounting officer now owns 3,462 shares in the company, valued at $370,572.48. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 in the last 90 days. 0.28% of the stock is owned by company insiders.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.