DTE Energy Company (NYSE:DTE) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 515,469 shares of the utilities provider's stock after buying an additional 17,659 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of DTE Energy worth $71,274,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DTE. Mattson Financial Services LLC bought a new position in DTE Energy during the 4th quarter worth approximately $38,000. Bank of New Hampshire bought a new stake in shares of DTE Energy during the 1st quarter valued at $55,000. Colonial Trust Co SC grew its holdings in DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock worth $79,000 after purchasing an additional 608 shares during the period. Flagship Wealth Advisors LLC bought a new position in DTE Energy during the 4th quarter valued at approximately $87,000. Finally, Optiver Holding B.V. raised its position in shares of DTE Energy by 82.1% in the 4th quarter. Optiver Holding B.V. now owns 785 shares of the utilities provider's stock worth $95,000 after purchasing an additional 354 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Trading Down 1.3%

DTE stock traded down $1.77 during midday trading on Wednesday, reaching $130.66. The company's stock had a trading volume of 2,022,574 shares, compared to its average volume of 1,286,491. The firm has a market capitalization of $27.11 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 2.40 and a beta of 0.44. The stock has a fifty day simple moving average of $134.93 and a two-hundred day simple moving average of $130.01. DTE Energy Company has a 1 year low of $108.40 and a 1 year high of $140.39. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87.

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, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the prior year, the company earned $1.67 EPS. On average, equities research analysts predict that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's payout ratio is presently 58.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Morgan Stanley lowered their price objective 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. Guggenheim increased their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Citigroup reiterated a "buy" rating and set a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Finally, Wells Fargo & Company increased 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. One investment 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. Based on data from MarketBeat.com, 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.