Nisa Investment Advisors LLC Acquires 1,929 Shares of DTE Energy Company (NYSE:DTE)

Nisa Investment Advisors LLC increased its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 54,948 shares of the utilities provider's stock after acquiring an additional 1,929 shares during the period. Nisa Investment Advisors LLC's holdings in DTE Energy were worth $7,658,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DTE. Cloud Capital Management LLC acquired a new position in shares of DTE Energy during the 1st quarter valued at about $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. Bank of New Hampshire acquired a new stake in DTE Energy in the 1st quarter valued at approximately $55,000. Finally, Rossby Financial LCC acquired a new stake in DTE Energy in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Price Performance

DTE stock traded up $0.22 during trading on Friday, hitting $133.88. The company had a trading volume of 1,156,385 shares, compared to its average volume of 1,298,015. The company has a fifty day moving average price of $134.17 and a two-hundred day moving average price of $130.58. 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 company has a market cap of $27.78 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.43 and a beta of 0.44. DTE Energy Company has a fifty-two week low of $112.65 and a fifty-two week high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same quarter in the previous year, the firm earned $1.67 EPS. Equities research analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 annualized dividend and a yield of 3.26%. DTE Energy's payout ratio is 58.92%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays lowered their target price on DTE Energy from $137.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday. Citigroup reaffirmed a "buy" rating and issued a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a 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 report on Thursday, May 22nd. Finally, Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and an average price target 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.