Two Sigma Advisers LP Buys 78,200 Shares of DTE Energy (NYSE:DTE)

Two Sigma Advisers LP lifted its position in shares of DTE Energy (NYSE:DTE - Free Report) by 2,300.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,600 shares of the utilities provider's stock after buying an additional 78,200 shares during the quarter. Two Sigma Advisers LP's holdings in DTE Energy were worth $9,853,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in DTE Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after purchasing an additional 879,670 shares in the last quarter. Capital World Investors lifted its holdings in shares of 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 acquiring an additional 3,766,221 shares during the period. Geode Capital Management LLC increased its stake in DTE Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock valued at $592,642,000 after acquiring an additional 115,270 shares during the last quarter. Boston Partners increased 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 acquiring an additional 582,643 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in DTE Energy by 0.5% during 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 purchasing an additional 12,554 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Up 1.3%

Shares of DTE Energy stock traded up $1.79 during trading on Monday, reaching $136.41. 1,069,005 shares of the company traded hands, compared to its average volume of 1,249,378. The firm has a market capitalization of $28.31 billion, a PE ratio of 20.15, a P/E/G ratio of 2.41 and a beta of 0.47. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The company has a 50 day moving average price of $134.80 and a 200-day moving average price of $127.85. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same period in the previous year, the firm posted $1.67 earnings per share. As a group, equities research analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.20%. DTE Energy's dividend payout ratio is 58.92%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DTE shares. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. BMO Capital Markets upped their price target on DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. Morgan Stanley cut their price objective on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday. Evercore ISI increased their target price on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Citigroup restated a "buy" rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.