MML Investors Services LLC lifted its position in DTE Energy Co (NYSE:DTE) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,019 shares of the utilities provider’s stock after purchasing an additional 697 shares during the quarter. MML Investors Services LLC’s holdings in DTE Energy were worth $1,097,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of DTE. Boston Partners acquired a new position in shares of DTE Energy in the fourth quarter valued at $156,376,000. BlackRock Inc. raised its stake in shares of DTE Energy by 3.2% in the fourth quarter. BlackRock Inc. now owns 15,036,122 shares of the utilities provider’s stock valued at $1,645,854,000 after purchasing an additional 460,371 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in shares of DTE Energy by 25.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,290,325 shares of the utilities provider’s stock valued at $141,239,000 after purchasing an additional 265,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of DTE Energy by 50.3% in the fourth quarter. Wells Fargo & Company MN now owns 512,627 shares of the utilities provider’s stock valued at $56,113,000 after purchasing an additional 171,483 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of DTE Energy by 10.3% in the third quarter. Janus Henderson Group PLC now owns 1,815,093 shares of the utilities provider’s stock valued at $194,869,000 after purchasing an additional 169,341 shares in the last quarter. Institutional investors and hedge funds own 68.43% of the company’s stock.
In other news, insider David Ruud sold 7,680 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $100.54, for a total value of $772,147.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerard M. Anderson sold 12,500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $102.53, for a total value of $1,281,625.00. Following the completion of the sale, the chief executive officer now owns 87,358 shares of the company’s stock, valued at $8,956,815.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,521 shares of company stock valued at $2,189,173. 0.53% of the stock is currently owned by corporate insiders.
DTE Energy Co (NYSE:DTE) opened at $100.93 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 1.10. DTE Energy Co has a 12 month low of $97.66 and a 12 month high of $116.74. The stock has a market capitalization of $18,101.74, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.90 and a beta of 0.19.
DTE Energy (NYSE:DTE) last released its quarterly earnings data on Friday, February 16th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. DTE Energy had a return on equity of 10.24% and a net margin of 8.99%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company posted $0.81 earnings per share. equities analysts anticipate that DTE Energy Co will post 5.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, March 19th will be paid a $0.8825 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.50%. DTE Energy’s dividend payout ratio (DPR) is presently 55.77%.
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About DTE Energy
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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