DTE Energy Company (NYSE:DTE) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,022 shares of the utilities provider's stock after purchasing an additional 5,018 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of DTE Energy worth $15,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 879,670 shares in the last quarter. Capital World Investors boosted its holdings in 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 purchasing an additional 3,766,221 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 115,270 shares in the last quarter. Boston Partners boosted its holdings in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of DTE Energy by 0.5% during 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 acquiring an additional 12,554 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

Shares of DTE Energy stock traded up $0.09 during trading on Friday, hitting $131.65. 1,870,358 shares of the company were exchanged, compared to its average volume of 1,270,734. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. DTE Energy Company has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 2.38 and a beta of 0.45. The firm has a 50 day moving average price of $135.02 and a 200 day moving average price of $129.72.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly 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 in the previous year, the firm posted $1.67 EPS. On average, equities analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 annualized dividend and a yield of 3.31%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DTE shares. Morgan Stanley reduced their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. BMO Capital Markets lifted their price target on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. Evercore ISI lifted their price target on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. 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 report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.93.

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.