Chevy Chase Trust Holdings LLC Decreases Stock Holdings in DTE Energy (NYSE:DTE)

Chevy Chase Trust Holdings LLC decreased its position in DTE Energy (NYSE:DTE) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 108,768 shares of the utilities provider’s stock after selling 2,227 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in DTE Energy were worth $13,134,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after acquiring an additional 211,763 shares during the period. Patton Albertson Miller Group LLC increased its position in shares of DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after acquiring an additional 3,306 shares during the period. Hancock Whitney Corp increased its position in shares of DTE Energy by 80.0% during the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after buying an additional 5,725 shares during the period. Point72 DIFC Ltd purchased a new position in shares of DTE Energy during the third quarter valued at about $650,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of DTE Energy during the third quarter valued at about $583,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Scotiabank boosted their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. StockNews.com cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Trading Up 1.1 %

Shares of NYSE DTE opened at $129.21 on Monday. The firm’s 50 day moving average price is $121.24 and its 200-day moving average price is $123.06. The company has a market cap of $26.76 billion, a PE ratio of 17.51, a P/E/G ratio of 2.25 and a beta of 0.68. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. On average, equities research analysts expect that DTE Energy will post 6.77 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a yield of 3.37%. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

DTE Energy Company Profile

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