In this article, you will get all information regarding Amundi Raises Stock Position in DTE Energy (NYSE:DTE)
Amundi raises stake in DTE EnergyNYSE: DTE , get rating) by 20.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund held 451,274 shares of the utility provider’s stock after purchasing an additional 76,809 shares during the period. Amundi owned 0.23% of DTE Energy worth $56,188,000 according to a recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also increased or decreased their stake in the business. Verition Fund Management LLC increased its stake in DTE Energy to 592.4% in the second quarter. Verition Fund Management LLC now owns 110,504 shares of the utility provider’s stock worth $14,006,000 after acquiring an additional 94,544 shares in the last quarter. Columbia Asset Management acquired a new stake in DTE Energy in the second quarter valued at approximately $2,525,000. BDO Wealth Advisors LLC boosted its holding in DTE Energy to 2.1% in the second quarter. BDO Wealth Advisors LLC now owns 9,585 shares of the utility provider valued at $1,215,000 after acquiring an additional 201 shares in the last quarter. Summit Global Investments increased its stake in DTE Energy to 2.6% in the second quarter. Summit Global Investments now owns 34,136 shares of the utility provider worth $4,327,000 after acquiring an additional 881 shares in the last quarter. Finally, Captrust Financial Advisors increased its holding in DTE Energy to 21.6% in the second quarter. Captrust Financial Advisors now owns 8,473 shares of the utility provider valued at $1,081,000 after acquiring an additional 1,503 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.
analyzer upgrade and downgrade
Several research firms have recently commented on DTE. In a report on Friday, October 28 Citigroup decreased its target price on DTE Energy from $146.00 to $139.00. Wells Fargo & Company raised its target price on DTE Energy from $128.00 to $138.00 in a report on Wednesday. TheStreet downgraded DTE Energy from a “b” rating to a “c+” rating in a report on Thursday, October 6. StockNews.com started coverage on DTE Energy in a report on Wednesday, October 12. They set a “Hold” rating for the company. Finally, Wolfe Research raised DTE Energy from a “peer perform” rating to an “outperform” rating and set a $125.00 price target for the company in a report on Thursday, December 8. Five analysts have a hold rating on the company and seven have a buy rating on the company. The stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.00, based on data from MarketBeat.
DTE Energy stock down 2.0%
DTE Energy Stock Friday opened at $115.82. The stock has a market capitalization of $22.44 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 3.25, and a beta of 0.60. DTE Energy’s 12 Month Low is $100.64 and 12 Month High is $140.23. The 50-day simple moving average is trading at $112.59 and the 200-day simple moving average is $122.15. The company has a debt-to-equity ratio of 1.94, current ratio of 0.79 and quick ratio of 0.60.
DTE Energy (NYSE: DTE , get rating) posted its last quarter earnings data on Thursday, October 27. The utilities provider reported EPS of $1.60 for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The business’s revenue during the quarter was $5.25 billion, compared with analysts’ estimates of $4 billion. DTE Energy had a Return on Equity of 12.90% and Net Margin of 5.79%. During the same period last year, the business earned $1.72 earnings per share. On average, analysts expect DTE Energy to post 6.02 EPS for the current fiscal.
DTE Energy Raises Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 15. Stockholders of record will be paid a dividend of $0.952 on Monday, December 19th. The ex-dividend date is Friday, December 16. This is up from DTE Energy’s previous quarterly dividend of $0.89. This represents a $3.81 dividend and a dividend yield of 3.29% on an annualized basis. The payout ratio of DTE Energy is 61.25%.
DTE Energy Profile
DTE Energy Company is engaged in utility operations. The company’s Electric segment generates, buys, 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 through wind and other renewable assets.
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Amundi Raises Stock Position in DTE Energy (NYSE:DTE)
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