HRT Financial LLC acquired a new stake in DTE Energy Co (NYSE:DTE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,008 shares of the utilities provider’s stock, valued at approximately $221,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DTE. Vanguard Group Inc. increased its stake in shares of DTE Energy by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 19,856,235 shares of the utilities provider’s stock worth $2,166,911,000 after purchasing an additional 311,679 shares in the last quarter. Vanguard Group Inc boosted its position in DTE Energy by 1.6% during the third quarter. Vanguard Group Inc now owns 19,856,235 shares of the utilities provider’s stock worth $2,166,911,000 after acquiring an additional 311,679 shares during the last quarter. Capital World Investors boosted its position in DTE Energy by 17.0% during the third quarter. Capital World Investors now owns 16,272,144 shares of the utilities provider’s stock worth $1,775,779,000 after acquiring an additional 2,367,000 shares during the last quarter. BlackRock Inc. boosted its position in DTE Energy by 3.9% during the fourth quarter. BlackRock Inc. now owns 15,212,035 shares of the utilities provider’s stock worth $1,677,888,000 after acquiring an additional 577,066 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in DTE Energy by 17.8% during the third quarter. Renaissance Technologies LLC now owns 2,969,900 shares of the utilities provider’s stock worth $324,105,000 after acquiring an additional 447,750 shares during the last quarter. Hedge funds and other institutional investors own 70.43% of the company’s stock.
In related news, VP Lisa A. Muschong sold 2,616 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $119.80, for a total value of $313,396.80. Following the transaction, the vice president now directly owns 2,933 shares in the company, valued at approximately $351,373.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Trevor F. Lauer sold 1,700 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $122.44, for a total transaction of $208,148.00. Following the transaction, the insider now directly owns 19,427 shares of the company’s stock, valued at $2,378,641.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,316 shares of company stock valued at $1,834,835. Insiders own 0.55% of the company’s stock.
DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, April 24th. The utilities provider reported $2.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.09. DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. During the same quarter in the previous year, the business earned $1.91 earnings per share. On average, sell-side analysts expect that DTE Energy Co will post 6.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were given a $0.945 dividend. The ex-dividend date was Friday, March 15th. This represents a $3.78 dividend on an annualized basis and a yield of 3.05%. DTE Energy’s payout ratio is 60.00%.
DTE has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Thursday, January 24th. Goldman Sachs Group initiated coverage on shares of DTE Energy in a report on Wednesday, January 16th. They issued a “buy” rating and a $121.00 price target on the stock. ValuEngine upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Macquarie set a $123.00 price target on shares of DTE Energy and gave the company a “buy” rating in a report on Saturday, February 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $118.25.
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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