Hennion & Walsh Asset Management Inc. Has $2.15 Million Position in DTE Energy (NYSE:DTE)

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

Several other institutional investors also recently added to or reduced their stakes in DTE. Caprock Group LLC increased its position in DTE Energy by 37.8% in the 4th quarter. Caprock Group LLC now owns 3,303 shares of the utilities provider's stock worth $403,000 after buying an additional 906 shares during the period. Spire Wealth Management increased its position in DTE Energy by 348.4% in the 4th quarter. Spire Wealth Management now owns 2,435 shares of the utilities provider's stock worth $294,000 after buying an additional 1,892 shares during the period. Golden State Equity Partners increased its position in DTE Energy by 2,165.5% in the 4th quarter. Golden State Equity Partners now owns 1,903 shares of the utilities provider's stock worth $230,000 after buying an additional 1,819 shares during the period. Greenleaf Trust increased its position in shares of DTE Energy by 4.4% during the fourth quarter. Greenleaf Trust now owns 5,502 shares of the utilities provider's stock valued at $664,000 after purchasing an additional 232 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of DTE Energy by 14.1% in the fourth quarter. CENTRAL TRUST Co now owns 4,050 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 499 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Price Performance

NYSE:DTE traded up $1.15 during trading hours on Friday, reaching $133.85. The company had a trading volume of 1,419,916 shares, compared to its average volume of 1,259,503. The stock has a 50-day moving average of $134.57 and a two-hundred day moving average of $128.90. DTE Energy has a one year low of $108.40 and a one year high of $140.39. The firm has a market capitalization of $27.78 billion, a PE ratio of 19.77, a PEG ratio of 2.41 and a beta of 0.45. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

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

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio is currently 58.92%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays lowered 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. Morgan Stanley cut their target price 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. Evercore ISI upped their target price on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Guggenheim upped their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, Citigroup restated 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, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and a consensus price target 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.