Sumitomo Mitsui DS Asset Management Company Ltd Acquires 1,243 Shares of DTE Energy Co (NYSE:DTE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in DTE Energy Co (NYSE:DTE) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,945 shares of the utilities provider’s stock after purchasing an additional 1,243 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in DTE Energy were worth $1,588,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in DTE Energy by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 21,203,264 shares of the utilities provider’s stock valued at $2,711,474,000 after acquiring an additional 272,213 shares during the period. BlackRock Inc. lifted its position in DTE Energy by 7.2% during the 2nd quarter. BlackRock Inc. now owns 15,596,423 shares of the utilities provider’s stock worth $1,994,469,000 after acquiring an additional 1,047,518 shares in the last quarter. Northern Trust Corp lifted its position in DTE Energy by 2.2% during the 2nd quarter. Northern Trust Corp now owns 2,470,754 shares of the utilities provider’s stock worth $315,960,000 after acquiring an additional 52,102 shares in the last quarter. Boston Partners lifted its position in DTE Energy by 8.7% during the 2nd quarter. Boston Partners now owns 1,858,705 shares of the utilities provider’s stock worth $237,706,000 after acquiring an additional 148,475 shares in the last quarter. Finally, Invesco Ltd. lifted its position in DTE Energy by 10.1% during the 2nd quarter. Invesco Ltd. now owns 1,768,182 shares of the utilities provider’s stock worth $226,115,000 after acquiring an additional 162,549 shares in the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

In related news, COO Mark W. Stiers sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $131.00, for a total transaction of $1,310,000.00. Following the completion of the transaction, the chief operating officer now owns 17,111 shares in the company, valued at approximately $2,241,541. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gerard M. Anderson sold 11,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $128.02, for a total value of $1,472,230.00. Following the sale, the chairman now directly owns 80,406 shares of the company’s stock, valued at $10,293,576.12. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Several equities analysts recently commented on DTE shares. Mizuho set a $134.00 price target on DTE Energy and gave the stock a “buy” rating in a research report on Monday, October 21st. Credit Suisse Group reissued a “neutral” rating on shares of DTE Energy in a research report on Friday. DZ Bank reissued a “buy” rating on shares of DTE Energy in a research report on Friday. Wells Fargo & Co set a $145.00 price target on DTE Energy and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of DTE Energy in a research report on Saturday, November 2nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. DTE Energy currently has an average rating of “Buy” and an average price target of $130.17.

Shares of DTE traded down $1.29 during trading on Friday, reaching $120.49. The company’s stock had a trading volume of 1,403,227 shares, compared to its average volume of 1,025,313. DTE Energy Co has a twelve month low of $107.22 and a twelve month high of $134.37. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 1.28. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 3.32 and a beta of 0.18. The company has a fifty day moving average of $129.24 and a two-hundred day moving average of $128.54.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Monday, October 28th. The utilities provider reported $1.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.00 by ($0.09). DTE Energy had a net margin of 8.24% and a return on equity of 9.93%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $2.13 earnings per share. As a group, equities analysts forecast that DTE Energy Co will post 6.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $1.013 per share. This represents a $4.05 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from DTE Energy’s previous quarterly dividend of $0.95. DTE Energy’s dividend payout ratio (DPR) is 60.00%.

DTE Energy Company 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.

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

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