DTE Energy Co (NYSE:DTE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in DTE Energy Co (NYSE:DTE) by 11.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 489,602 shares of the utilities provider’s stock after buying an additional 51,344 shares during the period. Dimensional Fund Advisors LP owned approximately 0.27% of DTE Energy worth $54,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of DTE Energy by 11.7% in the third quarter. JPMorgan Chase & Co. now owns 905,159 shares of the utilities provider’s stock worth $98,781,000 after acquiring an additional 94,902 shares during the period. AXA increased its position in shares of DTE Energy by 69.6% during the third quarter. AXA now owns 3,656 shares of the utilities provider’s stock valued at $399,000 after acquiring an additional 1,500 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of DTE Energy by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 1,229,110 shares of the utilities provider’s stock valued at $134,132,000 after purchasing an additional 21,577 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of DTE Energy by 31.2% in the third quarter. Martingale Asset Management L P now owns 291,288 shares of the utilities provider’s stock valued at $31,789,000 after purchasing an additional 69,302 shares in the last quarter. Finally, American International Group Inc. grew its holdings in DTE Energy by 7.0% during the 3rd quarter. American International Group Inc. now owns 65,807 shares of the utilities provider’s stock worth $7,182,000 after acquiring an additional 4,290 shares in the last quarter. 70.43% of the stock is owned by institutional investors and hedge funds.

In other DTE Energy news, Chairman Gerard M. Anderson sold 11,000 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $119.39, for a total value of $1,313,290.00. Following the sale, the chairman now directly owns 79,906 shares in the company, valued at $9,539,977.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Trevor F. Lauer sold 1,700 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $122.44, for a total value of $208,148.00. Following the completion of the transaction, the insider now directly owns 19,427 shares in the company, valued at approximately $2,378,641.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,316 shares of company stock worth $1,834,835. 0.55% of the stock is currently owned by company insiders.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Macquarie set a $123.00 price objective on shares of DTE Energy and gave the stock a “buy” rating in a report on Saturday, February 9th. Finally, Credit Suisse Group increased their price objective on shares of DTE Energy from $110.00 to $113.00 and gave the company an “underperform” rating in a research report on Monday, February 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. DTE Energy has an average rating of “Hold” and an average target price of $117.42.

Shares of DTE Energy stock traded up $0.40 during trading on Friday, hitting $123.21. 1,336,900 shares of the stock traded hands, compared to its average volume of 858,846. DTE Energy Co has a twelve month low of $94.25 and a twelve month high of $126.07. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.73 and a quick ratio of 0.55. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 3.32 and a beta of 0.26.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a return on equity of 10.85% and a net margin of 7.88%. During the same quarter last year, the firm posted $1.26 earnings per share. As a group, equities research analysts predict that DTE Energy Co will post 6.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy’s dividend payout ratio is presently 60.00%.

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DTE Energy Profile

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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