883 Shares in DTE Energy (NYSE:DTE) Bought by NBC Securities Inc.

NBC Securities Inc. bought a new position in shares of DTE Energy (NYSE:DTE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 883 shares of the utilities provider’s stock, valued at approximately $122,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of DTE Energy by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. Capital World Investors lifted its position in shares of DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of DTE Energy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider’s stock worth $592,642,000 after purchasing an additional 115,270 shares during the last quarter. Boston Partners lifted its position in shares of DTE Energy by 25.1% during the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock worth $350,150,000 after purchasing an additional 582,643 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of DTE Energy by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider’s stock worth $329,988,000 after purchasing an additional 12,554 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DTE. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 16th. Evercore ISI lifted their price objective on DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. Finally, Morgan Stanley decreased their price objective on DTE Energy from $136.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $140.93.

DTE Energy Price Performance

Shares of DTE stock opened at $133.92 on Tuesday. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The firm has a market capitalization of $27.79 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.41 and a beta of 0.45. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock’s 50-day simple moving average is $134.48 and its 200-day simple moving average is $128.96.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. As a group, equities analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.26%. DTE Energy’s dividend payout ratio is currently 58.92%.

DTE Energy 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.