Mediolanum International Funds Ltd Has $20.83 Million Stock Holdings in DTE Energy (NYSE:DTE)

Mediolanum International Funds Ltd raised its position in DTE Energy (NYSE:DTE) by 53.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 173,252 shares of the utilities provider’s stock after buying an additional 60,406 shares during the period. Mediolanum International Funds Ltd’s holdings in DTE Energy were worth $20,834,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in 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 worth $26,706,000 after purchasing an additional 211,763 shares during the period. Patton Albertson Miller Group LLC lifted its position in DTE Energy by 7.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after purchasing an additional 3,306 shares during the period. Hancock Whitney Corp boosted its stake in shares of DTE Energy by 80.0% in the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after purchasing an additional 5,725 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of DTE Energy during the 3rd quarter worth approximately $650,000. Finally, Blueshift Asset Management LLC bought a new stake in shares of DTE Energy during the third quarter worth approximately $583,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on DTE shares. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Wells Fargo & Company raised their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group initiated coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Performance

NYSE DTE opened at $119.30 on Friday. The stock has a market cap of $24.71 billion, a PE ratio of 16.16, a P/E/G ratio of 2.07 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a 50-day moving average of $121.47 and a 200-day moving average of $122.54. DTE Energy has a 52-week low of $102.78 and a 52-week high of $131.66.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were given a dividend of $1.09 per share. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.65%. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

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.