UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 171,371 Shares of DTE Energy (NYSE:DTE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in DTE Energy (NYSE:DTE - Free Report) by 28.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 777,132 shares of the utilities provider's stock after buying an additional 171,371 shares during the quarter. 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after buying an additional 879,670 shares during the last quarter. Capital World Investors lifted its stake in shares of DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after buying an additional 3,766,221 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of DTE Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after buying an additional 115,270 shares during the last quarter. Boston Partners lifted its stake in shares of DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after buying an additional 582,643 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of DTE Energy by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock worth $329,988,000 after buying an additional 12,554 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of DTE stock traded up $0.54 during mid-day trading on Thursday, reaching $135.52. The company's stock had a trading volume of 315,075 shares, compared to its average volume of 1,400,595. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The company has a market cap of $28.12 billion, a P/E ratio of 20.01, a PEG ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The firm's 50-day moving average is $134.76 and its two-hundred day moving average is $128.10.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The company had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the prior year, the company posted $1.67 EPS. On average, research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Monday, June 16th. DTE Energy's payout ratio is 58.92%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley cut their target price on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets upped their target price on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. Guggenheim upped their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $140.93.

DTE Energy Company 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.