Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of DTE Energy Company (NYSE:DTE) by 32.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,919 shares of the utilities provider’s stock after acquiring an additional 10,561 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DTE Energy were worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of DTE Energy by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock valued at $2,008,779,000 after acquiring an additional 375,899 shares during the last quarter. BlackRock Inc. boosted its position in shares of DTE Energy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 14,565,689 shares of the utilities provider’s stock valued at $1,540,905,000 after acquiring an additional 90,525 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of DTE Energy by 36.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock valued at $224,492,000 after acquiring an additional 572,523 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of DTE Energy by 6.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,932,000 shares of the utilities provider’s stock valued at $204,386,000 after acquiring an additional 116,200 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of DTE Energy by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 1,878,509 shares of the utilities provider’s stock valued at $198,728,000 after acquiring an additional 8,450 shares during the last quarter. 68.18% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of DTE Energy Company (NYSE DTE) traded down $1.07 on Friday, reaching $112.92. 968,891 shares of the company traded hands, compared to its average volume of 874,558. The stock has a market cap of $20,450.00, a price-to-earnings ratio of 22.44, a P/E/G ratio of 3.48 and a beta of 0.22. DTE Energy Company has a 12-month low of $90.91 and a 12-month high of $116.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 earnings per share. research analysts anticipate that DTE Energy Company will post 5.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be issued a $0.8825 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, December 15th. DTE Energy’s payout ratio is 60.33%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Bank of America Corporation assumed coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price target on the stock. BMO Capital Markets reissued a “hold” rating and set a $111.00 price target on shares of DTE Energy in a research report on Friday, July 28th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, KeyCorp reissued a “buy” rating and set a $113.00 price target on shares of DTE Energy in a research report on Sunday, August 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. DTE Energy currently has a consensus rating of “Hold” and a consensus price target of $111.50.

DTE Energy Profile

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

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