Royal London Asset Management Ltd. Boosts Holdings in DTE Energy (NYSE:DTE)

Royal London Asset Management Ltd. boosted its position in shares of DTE Energy (NYSE:DTEFree Report) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,634 shares of the utilities provider’s stock after buying an additional 6,108 shares during the quarter. Royal London Asset Management Ltd.’s holdings in DTE Energy were worth $5,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PBMares Wealth Management LLC lifted its position in shares of DTE Energy by 4.5% during the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 100 shares during the last quarter. ASB Consultores LLC lifted its position in shares of DTE Energy by 5.6% during the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 114 shares during the last quarter. Secure Asset Management LLC lifted its position in shares of DTE Energy by 1.7% during the fourth quarter. Secure Asset Management LLC now owns 7,688 shares of the utilities provider’s stock worth $848,000 after purchasing an additional 127 shares during the last quarter. Executive Wealth Management LLC lifted its position in shares of DTE Energy by 0.6% during the fourth quarter. Executive Wealth Management LLC now owns 21,652 shares of the utilities provider’s stock worth $2,387,000 after purchasing an additional 128 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of DTE Energy by 3.2% during the fourth quarter. Raymond James Trust N.A. now owns 4,204 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 132 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on DTE shares. Scotiabank decreased their target price on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Barclays lifted their price objective on DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. BMO Capital Markets lifted their price objective on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. KeyCorp lifted their price objective on DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.44.

Check Out Our Latest Analysis on DTE Energy

Insider Transactions at DTE Energy

In other news, VP Lisa A. Muschong sold 1,198 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the sale, the vice president now owns 4,271 shares in the company, valued at $498,041.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the sale, the chief operating officer now owns 41,921 shares in the company, valued at $4,862,836. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lisa A. Muschong sold 1,198 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $116.61, for a total value of $139,698.78. Following the sale, the vice president now owns 4,271 shares in the company, valued at approximately $498,041.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,698 shares of company stock worth $1,702,444. Insiders own 0.61% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $112.33 on Friday. The company has a market capitalization of $23.25 billion, a PE ratio of 18.38, a P/E/G ratio of 2.07 and a beta of 0.67. 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 company has a 50-day simple moving average of $111.85 and a two-hundred day simple moving average of $109.43. DTE Energy has a one year low of $90.14 and a one year high of $117.44.

DTE Energy (NYSE:DTEGet Free Report) last announced its earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. Research analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

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

About DTE Energy

(Free Report)

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.

See Also

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

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