Jump Financial LLC Acquires New Holdings in DTE Energy (NYSE:DTE)

Jump Financial LLC purchased a new position in DTE Energy (NYSE:DTEFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,609 shares of the utilities provider’s stock, valued at approximately $458,000.

Other large investors have also bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of DTE Energy by 7.7% in the third quarter. Raymond James & Associates now owns 196,617 shares of the utilities provider’s stock valued at $19,520,000 after buying an additional 14,040 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of DTE Energy by 7.1% in the second quarter. Moors & Cabot Inc. now owns 3,289 shares of the utilities provider’s stock valued at $362,000 after buying an additional 218 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of DTE Energy by 146.6% in the second quarter. Cibc World Markets Corp now owns 24,156 shares of the utilities provider’s stock valued at $2,658,000 after buying an additional 14,359 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of DTE Energy by 173.3% in the second quarter. Atria Wealth Solutions Inc. now owns 10,357 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 6,567 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of DTE Energy by 116.9% in the third quarter. National Bank of Canada FI now owns 363,840 shares of the utilities provider’s stock valued at $34,729,000 after buying an additional 196,090 shares in the last quarter. 74.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DTE has been the topic of a number of recent research reports. KeyCorp raised their price objective on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Wolfe Research lowered shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. TheStreet lowered shares of DTE Energy from a “b-” rating to a “c+” rating in a research report on Friday, October 20th. Evercore ISI raised their price target on shares of DTE Energy from $108.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Finally, StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.22.

Read Our Latest Stock Analysis on DTE Energy

DTE Energy Stock Performance

Shares of DTE stock opened at $104.41 on Friday. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 2.59 and a beta of 0.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.57 and a current ratio of 0.85. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73. The firm’s 50-day simple moving average is $107.91 and its two-hundred day simple moving average is $104.60.

DTE Energy (NYSE:DTEGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.96 by $0.01. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.10%. During the same quarter in the previous year, the firm posted $1.31 earnings per share. As a group, equities analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 18th will be paid a $1.02 dividend. The ex-dividend date is Friday, March 15th. This represents a $4.08 annualized dividend and a dividend yield of 3.91%. DTE Energy’s payout ratio is 60.36%.

DTE Energy Company Profile

(Free Report)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.

Further Reading

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

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