DTE Energy Company (NYSE:DTE) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 29.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,109 shares of the utilities provider's stock after selling 3,455 shares during the quarter. International Assets Investment Management LLC's holdings in DTE Energy were worth $1,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital World Investors lifted its holdings in shares of DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after purchasing an additional 3,766,221 shares during the period. GAMMA Investing LLC boosted its holdings in DTE Energy by 14,878.4% in the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock valued at $163,655,000 after purchasing an additional 1,175,689 shares during the last quarter. Vanguard Group Inc. lifted 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 during the period. Balyasny Asset Management L.P. boosted its stake in shares of DTE Energy by 1,794.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock worth $111,159,000 after buying an additional 871,978 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in DTE Energy by 750.0% during the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after acquiring an additional 851,169 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.5%

Shares of NYSE DTE traded up $0.69 during midday trading on Thursday, reaching $131.56. 1,051,942 shares of the stock were exchanged, compared to its average volume of 1,267,095. The stock has a market capitalization of $27.30 billion, a P/E ratio of 17.78, a PEG ratio of 2.42 and a beta of 0.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. The company has a 50 day simple moving average of $135.06 and a 200 day simple moving average of $129.66. DTE Energy Company has a twelve month low of $108.40 and a twelve month high of $140.39.

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, beating analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. As a group, equities analysts expect that DTE Energy Company will post 7.18 earnings per share for the current 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 paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio (DPR) is 58.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Guggenheim upped their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday, April 21st. Evercore ISI increased their price objective on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Finally, Morgan Stanley dropped their target price on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and a consensus target price of $140.93.

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.