Janus Henderson Group PLC boosted its position in DTE Energy Co (NYSE:DTE) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,815,093 shares of the utilities provider’s stock after purchasing an additional 169,341 shares during the quarter. Janus Henderson Group PLC owned about 1.01% of DTE Energy worth $194,869,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in DTE Energy in the 2nd quarter valued at $106,000. Spectrum Management Group Inc. acquired a new stake in shares of DTE Energy in the 3rd quarter worth $111,000. Sun Life Financial INC increased its stake in shares of DTE Energy by 13,030.0% in the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 1,303 shares during the last quarter. Vantage Investment Advisors LLC increased its stake in shares of DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 10 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of DTE Energy by 36.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,497 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 397 shares during the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on DTE. Bank of America began coverage on DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 target price for the company. KeyCorp reissued a “buy” rating and set a $118.50 price objective on shares of DTE Energy in a research report on Friday, December 15th. Finally, Credit Suisse Group cut their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. DTE Energy currently has a consensus rating of “Hold” and an average price target of $112.19.
In other news, Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $112.93, for a total value of $1,399,089.77. Following the completion of the transaction, the chairman now owns 83,000 shares in the company, valued at approximately $9,373,190. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.
Shares of DTE Energy Co (NYSE:DTE) traded down $1.01 during trading on Tuesday, reaching $108.45. The company had a trading volume of 988,693 shares, compared to its average volume of 811,200. DTE Energy Co has a 12 month low of $96.56 and a 12 month high of $116.74. The stock has a market cap of $19,450.00, a PE ratio of 19.83, a price-to-earnings-growth ratio of 3.29 and a beta of 0.23. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20.
DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 earnings per share. equities research analysts anticipate that DTE Energy Co will post 5.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be paid a $0.8825 dividend. This represents a $3.53 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, December 15th. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio (DPR) is presently 64.53%.
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DTE Energy Company Profile
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