Dimensional Fund Advisors LP Has $69.25 Million Stock Position in DTE Energy (NYSE:DTE)

Dimensional Fund Advisors LP reduced its stake in shares of DTE Energy (NYSE:DTE) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,046 shares of the utilities provider’s stock after selling 5,899 shares during the quarter. Dimensional Fund Advisors LP’s holdings in DTE Energy were worth $69,249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DTE. MV Capital Management Inc. increased its holdings in shares of DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares during the period. Milestone Investment Advisors LLC acquired a new stake in DTE Energy during the third quarter worth about $36,000. Authentikos Wealth Advisory LLC bought a new position in DTE Energy during the third quarter valued at about $43,000. Principal Securities Inc. acquired a new position in DTE Energy in the 4th quarter valued at approximately $54,000. Finally, Hexagon Capital Partners LLC raised its holdings in DTE Energy by 533.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 773 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 651 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DTE. KeyCorp boosted their price objective on DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Scotiabank lowered their price target on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Barclays raised their price objective on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. BMO Capital Markets upped their target price on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. Finally, Morgan Stanley raised their price target on shares of DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.30.

Insider Activity at DTE Energy

In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total value of $1,160,000.00. Following the transaction, the chief operating officer now directly owns 41,921 shares in the company, valued at approximately $4,862,836. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the completion of the sale, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at approximately $4,862,836. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert A. Richard sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the completion of the transaction, the chief operating officer now directly owns 26,118 shares in the company, valued at approximately $2,801,155.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

DTE Energy Stock Up 0.8 %

Shares of DTE opened at $112.96 on Friday. The company has a market capitalization of $23.38 billion, a P/E ratio of 18.49, a PEG ratio of 2.04 and a beta of 0.64. DTE Energy has a one year low of $90.14 and a one year high of $117.44. The business’s 50 day simple moving average is $111.05 and its 200-day simple moving average is $108.52. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. As a group, sell-side analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.61%. DTE Energy’s dividend payout ratio (DPR) is currently 66.78%.

DTE Energy Company 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.