Allianz Asset Management GmbH Sells 14,230 Shares of DTE Energy Company $DTE

Allianz Asset Management GmbH trimmed its position in shares of DTE Energy Company (NYSE:DTE) by 37.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,279 shares of the utilities provider’s stock after selling 14,230 shares during the period. Allianz Asset Management GmbH’s holdings in DTE Energy were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DTE. Jones Financial Companies Lllp lifted its position in shares of DTE Energy by 19.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 17,835 shares of the utilities provider’s stock valued at $2,487,000 after buying an additional 2,893 shares during the last quarter. Mediolanum International Funds Ltd raised its stake in DTE Energy by 49.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 242,811 shares of the utilities provider’s stock valued at $34,205,000 after acquiring an additional 79,870 shares during the period. Carrera Capital Advisors lifted its holdings in DTE Energy by 2.7% during the third quarter. Carrera Capital Advisors now owns 3,433 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 91 shares during the last quarter. Transcend Capital Advisors LLC bought a new position in DTE Energy during the third quarter worth about $210,000. Finally, Independent Advisor Alliance boosted its position in DTE Energy by 10.3% during the third quarter. Independent Advisor Alliance now owns 10,088 shares of the utilities provider’s stock worth $1,427,000 after purchasing an additional 939 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

DTE opened at $139.81 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $29.03 billion, a P/E ratio of 20.99, a PEG ratio of 2.53 and a beta of 0.49. The stock has a 50-day moving average price of $132.12 and a 200-day moving average price of $136.04. DTE Energy Company has a 12-month low of $122.85 and a 12-month high of $143.79.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 69.97%.

Analyst Ratings Changes

Several research firms have recently issued reports on DTE. Scotiabank lowered their price target on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Barclays reduced their price objective on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. UBS Group dropped their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. BMO Capital Markets cut their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. Finally, Wells Fargo & Company reduced their price target on DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.69.

DTE Energy Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.