UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 15,207 Shares of DTE Energy Company $DTE

Key Points

• UBS Asset Management increased its stake in DTE Energy by 2.0%, now owning approximately 0.38% of the company, valued at $109.6 million.
• Several other institutional investors have also purchased new positions in DTE Energy, contributing to a total of 76.06% institutional ownership of the company's stock.
• DTE Energy announced a quarterly dividend of $1.09 per share, representing a 3.2% dividend yield, to be paid on October 15th, with a payout ratio of 62.73%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 792,339 shares of the utilities provider's stock after buying an additional 15,207 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.38% of DTE Energy worth $109,557,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Graypoint LLC increased its holdings in shares of DTE Energy by 3.8% in the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock worth $279,000 after buying an additional 74 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of DTE Energy by 0.9% in the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock worth $1,250,000 after buying an additional 78 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of DTE Energy by 2.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock worth $542,000 after buying an additional 78 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of DTE Energy by 1.8% in the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock worth $630,000 after buying an additional 81 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of DTE Energy by 1.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider's stock worth $929,000 after buying an additional 82 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Down 1.8%

Shares of NYSE:DTE traded down $2.42 during trading hours on Tuesday, hitting $134.03. The company's stock had a trading volume of 998,411 shares, compared to its average volume of 1,349,059. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $142.05. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The company has a market capitalization of $27.82 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 2.72 and a beta of 0.42. The firm's fifty day moving average price is $137.34 and its 200 day moving average price is $135.24.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, research analysts expect 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 issued a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 annualized dividend and a dividend yield of 3.3%. DTE Energy's payout ratio is currently 62.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DTE shares. Citigroup reiterated a "buy" rating and set a $151.00 price target (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Morgan Stanley set a $140.00 price target on DTE Energy and gave the stock an "overweight" rating in a report on Thursday, August 21st. Barclays boosted their price objective on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. increased their target price on DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $144.25.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the transaction, the vice president owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by company insiders.

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.