DTE Energy Company $DTE Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in DTE Energy Company (NYSE:DTE) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 763,752 shares of the utilities provider’s stock after acquiring an additional 10,976 shares during the period. Dimensional Fund Advisors LP owned 0.37% of DTE Energy worth $105,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DTE. GAMMA Investing LLC lifted its stake in shares of DTE Energy by 14,878.4% in the 1st quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider’s stock worth $163,655,000 after acquiring an additional 1,175,689 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of DTE Energy by 1,794.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider’s stock worth $111,159,000 after acquiring an additional 871,978 shares during the period. AQR Capital Management LLC lifted its stake in shares of DTE Energy by 750.0% in the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider’s stock worth $116,482,000 after acquiring an additional 851,169 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of DTE Energy by 57.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock worth $194,341,000 after acquiring an additional 512,567 shares during the period. Finally, Nuveen LLC acquired a new position in shares of DTE Energy in the 1st quarter worth approximately $67,315,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

DTE stock opened at $139.8720 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. DTE Energy Company has a one year low of $115.59 and a one year high of $142.05. The firm has a market capitalization of $29.04 billion, a PE ratio of 20.13, a P/E/G ratio of 2.78 and a beta of 0.42. The firm has a 50-day moving average of $135.85 and a two-hundred day moving average of $134.35.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy’s payout ratio is 62.73%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the transaction, the vice president owned 4,153 shares of the company’s stock, valued at $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DTE has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating and issued a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Barclays lifted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Evercore ISI lifted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $142.29.

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.