Twin Capital Management Inc. Purchases Shares of 4,920 DTE Energy Company (NYSE:DTE)

Twin Capital Management Inc. acquired a new stake in DTE Energy Company (NYSE:DTE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,920 shares of the utilities provider's stock, valued at approximately $680,000.

A number of other large investors also recently modified their holdings of DTE. Vanguard Group Inc. boosted its holdings in shares of DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after buying an additional 879,670 shares in the last quarter. Capital World Investors boosted its holdings in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after buying an additional 3,766,221 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after buying an additional 115,270 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of DTE Energy by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock valued at $329,988,000 after buying an additional 12,554 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of DTE Energy by 50.2% in the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after buying an additional 822,854 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Up 0.4%

NYSE DTE traded up $0.55 during trading hours on Monday, hitting $137.81. The company had a trading volume of 1,318,796 shares, compared to its average volume of 1,303,655. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $140.39. The company has a market capitalization of $28.60 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 2.34 and a beta of 0.44. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.87 and a quick ratio of 0.59. The firm's 50 day moving average is $133.95 and its 200 day moving average is $131.20.

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

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 annualized dividend and a dividend yield of 3.16%. DTE Energy's payout ratio is 58.92%.

Analyst Ratings Changes

Several research firms have recently commented on DTE. BMO Capital Markets raised their target price on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Barclays boosted their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Citigroup reiterated a "buy" rating and set a $151.00 price target (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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.