Chicago Capital LLC decreased its position in DTE Energy Co (NYSE:DTE) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,645 shares of the utilities provider’s stock after selling 246 shares during the quarter. Chicago Capital LLC’s holdings in DTE Energy were worth $473,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DTE. Cornerstone Advisors Inc. grew its stake in shares of DTE Energy by 35.2% in the third quarter. Cornerstone Advisors Inc. now owns 453 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 118 shares during the last quarter. Cerity Partners LLC grew its stake in shares of DTE Energy by 5.0% in the third quarter. Cerity Partners LLC now owns 2,650 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 125 shares during the last quarter. World Asset Management Inc grew its stake in shares of DTE Energy by 1.1% in the third quarter. World Asset Management Inc now owns 12,479 shares of the utilities provider’s stock worth $1,659,000 after acquiring an additional 134 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of DTE Energy by 0.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 27,757 shares of the utilities provider’s stock worth $3,691,000 after acquiring an additional 145 shares during the last quarter. Finally, CWM LLC grew its stake in shares of DTE Energy by 14.2% in the third quarter. CWM LLC now owns 1,350 shares of the utilities provider’s stock worth $179,000 after acquiring an additional 168 shares during the last quarter. 70.17% of the stock is currently owned by institutional investors.

DTE traded up $0.67 during trading on Tuesday, reaching $130.26. 1,179,900 shares of the company’s stock were exchanged, compared to its average volume of 968,671. DTE Energy Co has a fifty-two week low of $109.44 and a fifty-two week 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 business has a 50 day moving average price of $127.25 and a 200 day moving average price of $128.31. The company has a market capitalization of $24.41 billion, a P/E ratio of 20.68, a PEG ratio of 3.26 and a beta of 0.20.

DTE Energy (NYSE:DTE) last posted 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 return on equity of 9.93% and a net margin of 8.24%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. As a group, research analysts forecast that DTE Energy Co will post 6.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $1.013 per share. The ex-dividend date is Friday, December 13th. This represents a $4.05 dividend on an annualized basis and a yield of 3.11%. This is an increase from DTE Energy’s previous quarterly dividend of $0.95. DTE Energy’s payout ratio is currently 64.29%.

Several equities research analysts have recently issued reports on the stock. Mizuho set a $134.00 price objective on shares of DTE Energy and gave the stock a “buy” rating in a research note on Monday, October 21st. Bank of America upgraded shares of DTE Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, October 21st. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $141.00 to $143.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. assumed coverage on shares of DTE Energy in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $144.00 price objective on the stock. Finally, Credit Suisse Group upgraded shares of DTE Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $125.00 to $132.00 in a research note on Monday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $133.45.

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

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