UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in DTE Energy (NYSE:DTE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in DTE Energy (NYSE:DTE - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 777,132 shares of the utilities provider's stock after purchasing an additional 171,371 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.38% of DTE Energy worth $93,839,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. SkyOak Wealth LLC lifted its stake in DTE Energy by 4.1% in the fourth quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider's stock valued at $262,000 after purchasing an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of DTE Energy by 8.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock worth $146,000 after acquiring an additional 90 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of DTE Energy by 4.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider's stock worth $258,000 after acquiring an additional 92 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of DTE Energy by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,345 shares of the utilities provider's stock worth $525,000 after acquiring an additional 96 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of DTE Energy by 1.4% during the fourth quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider's stock worth $899,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Stock Performance

Shares of NYSE:DTE traded up $0.84 on Tuesday, hitting $137.16. 746,361 shares of the company were exchanged, compared to its average volume of 1,247,366. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The stock's 50 day moving average price is $134.80 and its 200 day moving average price is $127.98. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $28.46 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company posted $1.67 earnings per share. Sell-side analysts predict that DTE Energy 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 Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.18%. DTE Energy's payout ratio is 58.92%.

Analysts Set New Price Targets

DTE has been the topic of several recent research reports. Wells Fargo & Company increased their target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley reduced their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Guggenheim raised their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Finally, Citigroup reissued a "buy" rating and issued a $151.00 target price (up from $142.00) on shares of DTE Energy in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.