XTX Topco Ltd Lowers Stock Holdings in DTE Energy (NYSE:DTE)

XTX Topco Ltd reduced its stake in DTE Energy (NYSE:DTE) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,332 shares of the utilities provider’s stock after selling 366 shares during the period. XTX Topco Ltd’s holdings in DTE Energy were worth $942,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Mizuho Securities USA LLC boosted its position in DTE Energy by 44,009.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after buying an additional 7,023,042 shares during the period. State Street Corp boosted its position in DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after buying an additional 662,569 shares during the period. Zimmer Partners LP purchased a new stake in DTE Energy in the 3rd quarter valued at about $69,894,000. Point72 Asset Management L.P. purchased a new stake in shares of DTE Energy in the 3rd quarter worth approximately $66,733,000. Finally, National Bank of Canada FI lifted its position in shares of DTE Energy by 246.9% in the 3rd quarter. National Bank of Canada FI now owns 282,553 shares of the utilities provider’s stock worth $36,282,000 after purchasing an additional 201,096 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DTE. Morgan Stanley lowered their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Mizuho raised their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price for the company. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Bank of America raised their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.54.

DTE Energy Stock Up 0.2 %

Shares of NYSE DTE opened at $121.99 on Wednesday. The company’s 50-day simple moving average is $124.25 and its 200-day simple moving average is $120.34. DTE Energy has a 52-week low of $102.17 and a 52-week high of $131.66. The firm has a market cap of $25.26 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a $1.09 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.57%. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.