7,603 Shares in DTE Energy (NYSE:DTE) Purchased by M1 Capital Management LLC

M1 Capital Management LLC bought a new position in shares of DTE Energy (NYSE:DTE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,603 shares of the utilities provider's stock, valued at approximately $918,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC raised its position in DTE Energy by 11.9% in the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock valued at $96,961,000 after purchasing an additional 80,543 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of DTE Energy by 12.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 48,892 shares of the utilities provider's stock valued at $5,904,000 after buying an additional 5,423 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of DTE Energy by 3.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,597 shares of the utilities provider's stock worth $1,038,000 after buying an additional 271 shares during the period. Fifth Third Bancorp raised its stake in DTE Energy by 1.4% during the 4th quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider's stock valued at $899,000 after acquiring an additional 103 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of DTE Energy by 3.6% in the 4th quarter. Blue Trust Inc. now owns 3,150 shares of the utilities provider's stock valued at $404,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Trading Up 0.3%

Shares of DTE stock traded up $0.41 during mid-day trading on Friday, reaching $136.67. The company's stock had a trading volume of 1,520,079 shares, compared to its average volume of 1,250,971. The company's 50 day simple moving average is $134.80 and its 200-day simple moving average is $128.39. 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 has a 12-month low of $108.40 and a 12-month high of $140.39. The firm has a market capitalization of $28.36 billion, a PE ratio of 20.19, 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 quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping 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 company had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal 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 given a dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.19%. DTE Energy's payout ratio is currently 58.92%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DTE shares. Guggenheim lifted their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. Evercore ISI boosted their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Citigroup restated a "buy" rating and issued a $151.00 price target (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Finally, Wells Fargo & Company increased their price objective on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and an average 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.