Segall Bryant & Hamill LLC Raises Position in DTE Energy Co (DTE)

Segall Bryant & Hamill LLC increased its position in shares of DTE Energy Co (NYSE:DTE) by 20.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,907 shares of the utilities provider’s stock after acquiring an additional 1,000 shares during the period. Segall Bryant & Hamill LLC’s holdings in DTE Energy were worth $634,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pacad Investment Ltd. bought a new stake in shares of DTE Energy in the 2nd quarter valued at about $106,000. Spectrum Management Group Inc. bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $111,000. Sun Life Financial INC grew its position in shares of DTE Energy by 13,030.0% in the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after buying an additional 1,303 shares during the last quarter. Vantage Investment Advisors LLC grew its position in shares of DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after buying an additional 10 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of DTE Energy by 36.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,497 shares of the utilities provider’s stock valued at $158,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

DTE has been the topic of a number of analyst reports. Jefferies Group reiterated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research report on Tuesday, August 29th. Credit Suisse Group cut their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. KeyCorp restated a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Bank of America initiated coverage on DTE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. DTE Energy presently has a consensus rating of “Hold” and a consensus target price of $111.50.

In related news, Chairman Gerard M. Anderson sold 12,389 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the transaction, the chairman now directly owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.

DTE Energy Co (NYSE DTE) opened at $115.99 on Tuesday. DTE Energy Co has a 52 week low of $95.23 and a 52 week high of $116.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08. The firm has a market capitalization of $20,717.79, a P/E ratio of 22.42, a P/E/G ratio of 3.47 and a beta of 0.23.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be paid a dividend of $0.8825 per share. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, December 15th. DTE Energy’s dividend payout ratio is 60.44%.

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DTE Energy Company Profile

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

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