Tounjian Advisory Partners LLC Acquires Shares of 9,056 DTE Energy (NYSE:DTE)

Tounjian Advisory Partners LLC acquired a new position in shares of DTE Energy (NYSE:DTE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,056 shares of the utilities provider's stock, valued at approximately $1,252,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 buying an additional 879,670 shares in the last quarter. Capital World Investors increased its position 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 stake in DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after purchasing an additional 115,270 shares during the last quarter. Boston Partners lifted its holdings in DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock valued at $350,150,000 after purchasing an additional 582,643 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of DTE Energy by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock worth $329,988,000 after purchasing an additional 12,554 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.7%

Shares of NYSE DTE traded up $0.93 during midday trading on Thursday, hitting $135.90. The stock had a trading volume of 1,028,257 shares, compared to its average volume of 1,258,123. 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 1-year low of $108.40 and a 1-year high of $140.39. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.41 and a beta of 0.45. The company has a fifty day moving average price of $134.45 and a 200 day moving average price of $129.04.

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, beating 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 firm had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the company posted $1.67 earnings per share. On average, analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.21%. The ex-dividend date is Monday, June 16th. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

Analyst Ratings Changes

DTE has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Guggenheim boosted their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. BMO Capital Markets raised their price objective on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, Evercore ISI increased 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. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $140.93.

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.