BB&T Corp lowered its stake in shares of DTE Energy Co (NYSE:DTE) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,046 shares of the utilities provider’s stock after selling 120 shares during the period. BB&T Corp’s holdings in DTE Energy were worth $671,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of DTE Energy by 6.4% in the 1st quarter. FMR LLC now owns 175,821 shares of the utilities provider’s stock worth $21,931,000 after buying an additional 10,517 shares during the last quarter. Fulton Bank N.A. boosted its stake in shares of DTE Energy by 2.6% in the 2nd quarter. Fulton Bank N.A. now owns 6,256 shares of the utilities provider’s stock worth $800,000 after buying an additional 156 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of DTE Energy by 8.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,097 shares of the utilities provider’s stock worth $1,547,000 after buying an additional 922 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of DTE Energy by 0.9% in the 2nd quarter. Retirement Systems of Alabama now owns 85,438 shares of the utilities provider’s stock worth $10,926,000 after buying an additional 727 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth approximately $471,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

DTE Energy stock opened at $120.49 on Friday. DTE Energy Co has a 12 month low of $107.22 and a 12 month high of $134.37. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.28. The business’s 50 day simple moving average is $129.24 and its 200 day simple moving average is $128.54. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.32 and a beta of 0.18.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Monday, October 28th. The utilities provider reported $1.91 EPS for the quarter, missing the 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 analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the company posted $2.13 EPS. As a group, equities research analysts forecast that DTE Energy Co will post 6.2 earnings per share for the current fiscal year.

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

In other DTE Energy news, Chairman Gerard M. Anderson sold 11,500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $128.02, for a total transaction of $1,472,230.00. Following the sale, the chairman now owns 80,406 shares of the company’s stock, valued at approximately $10,293,576.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Torgow bought 1,537 shares of the stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $129.95 per share, for a total transaction of $199,733.15. Following the acquisition, the director now directly owns 2,537 shares in the company, valued at $329,683.15. The disclosure for this purchase can be found here. 0.55% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on DTE shares. Mizuho set a $134.00 target price on DTE Energy and gave the stock a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. started coverage on DTE Energy in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $144.00 target price on the stock. Wells Fargo & Co set a $145.00 target price on DTE Energy and gave the stock a “buy” rating in a research note on Monday, October 21st. Credit Suisse Group restated a “neutral” rating on shares of DTE Energy in a research note on Thursday, October 17th. Finally, UBS Group restated a “buy” rating on shares of DTE Energy in a research note on Saturday, November 2nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $130.17.

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.

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

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