Strs Ohio Sells 20,331 Shares of DTE Energy Company $DTE

Strs Ohio trimmed its position in DTE Energy Company (NYSE:DTE) by 80.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,955 shares of the utilities provider’s stock after selling 20,331 shares during the period. Strs Ohio’s holdings in DTE Energy were worth $701,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bailard Inc. bought a new position in shares of DTE Energy in the third quarter worth $217,000. Rakuten Investment Management Inc. bought a new position in DTE Energy in the 3rd quarter worth about $8,678,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of DTE Energy by 21.7% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 93,115 shares of the utilities provider’s stock valued at $13,169,000 after acquiring an additional 16,595 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of DTE Energy by 15.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,000 shares of the utilities provider’s stock valued at $698,000 after acquiring an additional 652 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in shares of DTE Energy by 22.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 3,138 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 572 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. BMO Capital Markets lowered their price objective on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 24th. Barclays cut their target price on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Jefferies Financial Group increased their target price on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Mizuho lifted their price target on DTE Energy from $140.00 to $144.00 and gave the stock an “outperform” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.62.

DTE Energy Price Performance

DTE stock opened at $134.41 on Friday. The firm has a market cap of $27.91 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.51 and a beta of 0.49. The firm’s fifty day moving average is $132.01 and its 200 day moving average is $136.11. DTE Energy Company has a 52 week low of $118.20 and a 52 week high of $143.79. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the business posted $2.22 earnings per share. Research analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio is 69.97%.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.