Pallas Capital Advisors LLC Has $4.67 Million Stake in DTE Energy (NYSE:DTE)

Pallas Capital Advisors LLC raised its holdings in DTE Energy (NYSE:DTE - Free Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,782 shares of the utilities provider's stock after acquiring an additional 4,248 shares during the period. Pallas Capital Advisors LLC's holdings in DTE Energy were worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. Vanguard Group Inc. raised its position in shares of DTE Energy by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the period. Capital World Investors increased its stake in DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after purchasing an additional 3,766,221 shares in the last quarter. Geode Capital Management LLC raised its holdings in DTE Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after buying an additional 115,270 shares during the period. Boston Partners lifted its stake in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after buying an additional 582,643 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in DTE Energy by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock valued at $329,988,000 after buying an additional 12,554 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DTE shares. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Morgan Stanley lowered their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Wells Fargo & Company lifted their price target on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Evercore ISI upped their price objective on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.93.

DTE Energy Stock Up 0.0%

Shares of NYSE:DTE traded up $0.04 during trading on Wednesday, hitting $134.92. 354,694 shares of the company were exchanged, compared to its average volume of 1,255,970. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.41 and a beta of 0.45. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The firm has a fifty day moving average price of $134.39 and a two-hundred day moving average price of $129.00.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the company earned $1.67 earnings per share. As a group, research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, June 16th. DTE Energy's payout ratio is currently 58.92%.

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.