Calton & Associates Inc. Buys Shares of 13,554 DTE Energy Company (NYSE:DTE)

Calton & Associates Inc. acquired a new stake in shares of DTE Energy Company (NYSE:DTE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,554 shares of the utilities provider's stock, valued at approximately $1,874,000.

Several other institutional investors have also modified their holdings of the stock. Graypoint LLC raised its stake in shares of DTE Energy by 3.8% during the first quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock valued at $279,000 after acquiring an additional 74 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of DTE Energy by 0.9% during the first quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock valued at $1,250,000 after buying an additional 78 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in DTE Energy by 2.0% in the first quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock valued at $542,000 after purchasing an additional 78 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of DTE Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock worth $630,000 after acquiring an additional 81 shares in the last quarter. Finally, First American Bank lifted its stake in DTE Energy by 0.7% in the 1st quarter. First American Bank now owns 12,304 shares of the utilities provider's stock valued at $1,701,000 after buying an additional 85 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Performance

DTE traded up $2.49 on Friday, hitting $137.22. 1,690,920 shares of the company's stock were exchanged, compared to its average volume of 1,303,595. The firm has a market cap of $28.48 billion, a PE ratio of 18.54, a P/E/G ratio of 2.34 and a beta of 0.44. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $140.39. The stock has a fifty day moving average of $133.95 and a two-hundred day moving average of $131.13. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 1.82.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. During the same quarter in the prior year, the firm earned $1.67 EPS. On average, research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's payout ratio is 58.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DTE. Barclays raised their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a report on Tuesday. Evercore ISI upped their target price on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Citigroup restated a "buy" rating and set a $151.00 target price (up from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Finally, Morgan Stanley lowered their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

About DTE Energy

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.