DTE Energy Company (NYSE:DTE) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,753 shares of the utilities provider's stock after acquiring an additional 5,684 shares during the period. Envestnet Asset Management Inc. owned 0.08% of DTE Energy worth $22,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in shares of DTE Energy by 0.9% in the first quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock worth $1,250,000 after acquiring an additional 78 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of DTE Energy by 2.0% in the first quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock worth $542,000 after acquiring an additional 78 shares during the period. First American Bank boosted its stake in DTE Energy by 0.7% during the first 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in DTE Energy by 0.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,145 shares of the utilities provider's stock valued at $3,339,000 after buying an additional 89 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in DTE Energy by 8.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after buying an additional 90 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DTE shares. Guggenheim increased their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. increased their price target on DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research note on Tuesday. Morgan Stanley dropped their price target on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company increased their price target on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy currently has an average rating of "Moderate Buy" and an average target price of $141.53.

DTE Energy Trading Up 1.2%

Shares of NYSE DTE traded up $1.60 during midday trading on Friday, hitting $136.33. The company's stock had a trading volume of 104,286 shares, compared to its average volume of 1,401,821. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 1.82. The business's 50 day moving average is $133.92 and its two-hundred day moving average is $130.95. DTE Energy Company has a 12-month low of $115.48 and a 12-month high of $140.39. The firm has a market cap of $28.29 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.29 and a beta of 0.44.

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, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the business posted $1.67 earnings per share. As a group, equities research analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued 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 yield of 3.20%. DTE Energy's payout ratio is currently 58.92%.

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.