Janus Henderson Group PLC Boosts Stake in DTE Energy (NYSE:DTE)

Janus Henderson Group PLC grew its position in shares of DTE Energy (NYSE:DTE) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,732,819 shares of the utilities provider’s stock after acquiring an additional 12,554 shares during the period. Janus Henderson Group PLC owned about 1.32% of DTE Energy worth $329,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DTE. Barclays PLC grew its stake in shares of DTE Energy by 11.9% in the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider’s stock worth $96,961,000 after buying an additional 80,543 shares during the last quarter. Tidal Investments LLC grew its stake in shares of DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of DTE Energy by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 261,357 shares of the utilities provider’s stock worth $33,561,000 after buying an additional 13,953 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of DTE Energy by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,800 shares of the utilities provider’s stock worth $2,286,000 after buying an additional 143 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of DTE Energy by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the utilities provider’s stock worth $597,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. This trade represents a 35.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. The trade was a 33.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by company insiders.

DTE Energy Price Performance

NYSE DTE opened at $135.98 on Monday. The business’s fifty day moving average price is $134.22 and its 200-day moving average price is $126.97. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the firm earned $1.67 EPS. On average, equities analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. DTE Energy’s dividend payout ratio is currently 58.92%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DTE. Wells Fargo & Company upped their price target on DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Morgan Stanley upped their price target on DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Evercore ISI upped their price target on DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Guggenheim increased their target price on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.31.

DTE Energy 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.