Worldquant Millennium Quantitative Strategies LLC boosted its position in shares of DTE Energy Co (NYSE:DTE) by 93.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,120 shares of the utilities provider’s stock after buying an additional 6,839 shares during the quarter. Worldquant Millennium Quantitative Strategies LLC’s holdings in DTE Energy were worth $1,557,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Wetherby Asset Management Inc. increased its holdings in DTE Energy by 4.1% during the 4th quarter. Wetherby Asset Management Inc. now owns 2,480 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 97 shares in the last quarter. Utah Retirement Systems increased its holdings in DTE Energy by 0.3% during the 4th quarter. Utah Retirement Systems now owns 33,780 shares of the utilities provider’s stock worth $3,726,000 after purchasing an additional 100 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in DTE Energy by 6.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,742 shares of the utilities provider’s stock worth $192,000 after purchasing an additional 103 shares in the last quarter. Certified Advisory Corp boosted its stake in shares of DTE Energy by 18.0% during the 4th quarter. Certified Advisory Corp now owns 687 shares of the utilities provider’s stock worth $76,000 after buying an additional 105 shares during the last quarter. Finally, Copperwynd Financial LLC boosted its stake in shares of DTE Energy by 3.6% during the 4th quarter. Copperwynd Financial LLC now owns 3,142 shares of the utilities provider’s stock worth $347,000 after buying an additional 109 shares during the last quarter. 70.42% of the stock is currently owned by hedge funds and other institutional investors.
DTE has been the subject of several research reports. Zacks Investment Research downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. Credit Suisse Group raised their price objective on shares of DTE Energy from $110.00 to $113.00 and gave the stock an “underperform” rating in a research report on Monday, February 11th. ValuEngine downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Macquarie set a $123.00 price objective on shares of DTE Energy and gave the stock a “buy” rating in a research report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. DTE Energy currently has an average rating of “Hold” and an average price target of $117.42.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.01). The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. During the same period last year, the firm posted $1.26 earnings per share. Sell-side analysts forecast that DTE Energy Co will post 6.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 18th will be given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, March 15th. DTE Energy’s payout ratio is presently 60.00%.
In other DTE Energy news, Chairman Gerard M. Anderson sold 11,000 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $119.39, for a total value of $1,313,290.00. Following the transaction, the chairman now directly owns 79,906 shares in the company, valued at $9,539,977.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Trevor F. Lauer sold 1,700 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $122.44, for a total transaction of $208,148.00. Following the completion of the transaction, the insider now owns 19,427 shares in the company, valued at $2,378,641.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,316 shares of company stock valued at $1,834,835. 0.55% of the stock is currently owned by insiders.
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About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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