Mason Investment Advisory Services Inc. Takes Position in DTE Energy Company (NYSE:DTE)

Mason Investment Advisory Services Inc. purchased a new position in DTE Energy Company (NYSE:DTE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,287 shares of the utilities provider's stock, valued at approximately $1,008,000. DTE Energy comprises 0.1% of Mason Investment Advisory Services Inc.'s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds have also made changes to their positions in DTE. Cloud Capital Management LLC acquired a new stake in DTE Energy in the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new stake in DTE Energy in the 1st quarter valued at approximately $27,000. Mattson Financial Services LLC acquired a new stake in DTE Energy in the 4th quarter valued at approximately $38,000. Financial Gravity Asset Management Inc. acquired a new stake in DTE Energy in the 1st quarter valued at approximately $41,000. Finally, Bank of New Hampshire acquired a new stake in DTE Energy in the 1st quarter valued at approximately $55,000. Institutional investors own 76.06% of the company's stock.

DTE Energy Price Performance

Shares of NYSE DTE traded up $0.22 during mid-day trading on Friday, reaching $133.88. The company had a trading volume of 1,156,385 shares, compared to its average volume of 1,299,054. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 1.82. The stock has a market cap of $27.78 billion, a PE ratio of 18.09, a P/E/G ratio of 2.43 and a beta of 0.44. The company has a 50-day moving average price of $134.17 and a two-hundred day moving average price of $130.65. DTE Energy Company has a 1-year low of $112.65 and a 1-year high of $140.39.

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 analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same period in the previous year, the firm posted $1.67 EPS. On average, equities analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Monday, September 15th. DTE Energy's payout ratio is 58.92%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Morgan Stanley lowered their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Barclays dropped their price objective on DTE Energy from $137.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Citigroup reissued a "buy" rating and issued a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.00.

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.