Hennion & Walsh Asset Management Inc. Increases Stake in DTE Energy (NYSE:DTE)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 15.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,537 shares of the utilities provider's stock after buying an additional 2,113 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in DTE Energy were worth $2,148,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Mattson Financial Services LLC purchased a new position in shares of DTE Energy during the 4th quarter worth $38,000. Kestra Investment Management LLC purchased a new position in DTE Energy during the fourth quarter valued at $57,000. Colonial Trust Co SC grew its holdings in DTE Energy by 1,266.7% during the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after purchasing an additional 608 shares during the period. Flagship Wealth Advisors LLC purchased a new stake in DTE Energy in the fourth quarter worth about $87,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in DTE Energy in the fourth quarter worth about $88,000. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of 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 target on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Guggenheim boosted their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley decreased 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. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $140.93.

DTE Energy Price Performance

Shares of NYSE DTE traded down $0.77 during midday trading on Thursday, reaching $132.54. 1,479,905 shares of the stock traded hands, compared to its average volume of 1,254,762. The company's 50 day moving average is $134.77 and its 200 day moving average is $128.65. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The stock has a market capitalization of $27.50 billion, a PE ratio of 19.58, a P/E/G ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating 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 business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business earned $1.67 earnings per share. On average, equities research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a dividend of $1.09 per share. 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 3.29%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

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.