Robeco Institutional Asset Management B.V. Boosts Stock Position in DTE Energy (NYSE:DTE)

Robeco Institutional Asset Management B.V. increased its holdings in DTE Energy (NYSE:DTE – Get Rating) by 12.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 132,421 shares of the utilities provider’s stock after acquiring an additional 14,293 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in DTE Energy were worth $15,236,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its position in DTE Energy by 70.7% in the second quarter. Lazard Asset Management LLC now owns 210 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 87 shares during the period. CI Investments Inc. grew its position in DTE Energy by 966.7% in the third quarter. CI Investments Inc. now owns 256 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 232 shares during the period. Western Pacific Wealth Management LP purchased a new position in DTE Energy in the third quarter worth approximately $42,000. Sargent Bickham Lagudis LLC purchased a new position in DTE Energy in the third quarter worth approximately $44,000. Finally, Mach 1 Financial Group LLC purchased a new position in DTE Energy in the third quarter worth approximately $56,000. 74.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets increased their price objective on DTE Energy from $117.00 to $125.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 22nd. Mizuho upped their price target on DTE Energy from $115.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, November 21st. Wells Fargo & Company decreased their price target on DTE Energy from $138.00 to $133.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 1st. StockNews.com started coverage on DTE Energy in a research note on Thursday. They set a “hold” rating on the stock. Finally, TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, January 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.22.

DTE Energy Stock Down 1.1 %

Shares of NYSE DTE opened at $107.04 on Friday. The stock has a market cap of $22.02 billion, a P/E ratio of 19.39, a PEG ratio of 2.88 and a beta of 0.58. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.62. DTE Energy has a 12-month low of $100.64 and a 12-month high of $140.23. The business’s fifty day simple moving average is $112.76 and its 200-day simple moving average is $115.98.

DTE Energy (NYSE:DTE – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The utilities provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.07 billion. DTE Energy had a return on equity of 12.99% and a net margin of 5.63%. During the same period last year, the firm earned $1.05 earnings per share. As a group, equities analysts predict that DTE Energy will post 6.22 EPS for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 15th. Investors of record on Monday, March 20th will be issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, March 17th. This is a positive change from DTE Energy’s previous quarterly dividend of $0.95. DTE Energy’s dividend payout ratio is 69.02%.

DTE Energy Company Profile

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DTE Energy Co operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. It operates through the following segments: Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment consists of generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan.