Rhumbline Advisers Has $40.59 Million Holdings in DTE Energy (NYSE:DTE)

Rhumbline Advisers trimmed its holdings in shares of DTE Energy (NYSE:DTE) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 336,135 shares of the utilities provider’s stock after selling 3,151 shares during the period. Rhumbline Advisers’ holdings in DTE Energy were worth $40,588,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DTE. Creative Planning boosted its stake in shares of DTE Energy by 6.2% during the 3rd quarter. Creative Planning now owns 66,907 shares of the utilities provider’s stock worth $8,592,000 after acquiring an additional 3,893 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in DTE Energy by 14.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,480 shares of the utilities provider’s stock worth $3,015,000 after purchasing an additional 3,000 shares during the period. Blue Trust Inc. grew its holdings in DTE Energy by 52.5% during the third quarter. Blue Trust Inc. now owns 3,042 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 1,047 shares during the last quarter. Calton & Associates Inc. bought a new position in shares of DTE Energy in the third quarter valued at approximately $4,784,000. Finally, Retirement Guys Formula LLC lifted its stake in shares of DTE Energy by 4.5% in the third quarter. Retirement Guys Formula LLC now owns 8,798 shares of the utilities provider’s stock worth $1,130,000 after buying an additional 376 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Up 1.1 %

Shares of DTE opened at $129.21 on Tuesday. The business’s fifty day moving average price is $121.24 and its two-hundred day moving average price is $123.07. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market capitalization of $26.76 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68. DTE Energy has a 52 week low of $103.06 and a 52 week high of $131.66.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 13.42% and a net margin of 12.33%. On average, analysts predict that DTE Energy will post 6.77 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DTE. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Jefferies Financial Group started coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Scotiabank lifted their price objective on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.25.

About DTE Energy

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.