79,732 Shares in DTE Energy (NYSE:DTE) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in DTE Energy (NYSE:DTE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 79,732 shares of the utilities provider's stock, valued at approximately $9,628,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTE. Blue Trust Inc. grew its stake in DTE Energy by 3.6% during the 4th quarter. Blue Trust Inc. now owns 3,150 shares of the utilities provider's stock worth $404,000 after purchasing an additional 108 shares in the last quarter. KBC Group NV increased its position in DTE Energy by 20.6% during the fourth quarter. KBC Group NV now owns 19,426 shares of the utilities provider's stock worth $2,346,000 after buying an additional 3,320 shares during the period. Pacer Advisors Inc. raised its position in DTE Energy by 100.0% in the 4th quarter. Pacer Advisors Inc. now owns 30,822 shares of the utilities provider's stock valued at $3,722,000 after purchasing an additional 15,412 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of DTE Energy by 15.1% during the fourth quarter. Perigon Wealth Management LLC now owns 10,912 shares of the utilities provider's stock worth $1,342,000 after buying an additional 1,429 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of DTE Energy by 66.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 18,072 shares of the utilities provider's stock valued at $2,182,000 after purchasing an additional 7,225 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Trading Down 1.6%

NYSE:DTE traded down $2.15 on Wednesday, reaching $133.41. The stock had a trading volume of 1,159,006 shares, compared to its average volume of 1,252,132. DTE Energy has a 12-month low of $108.40 and a 12-month high of $140.39. The company has a market cap of $27.68 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 2.41 and a beta of 0.47. The firm's fifty day moving average is $134.77 and its two-hundred day moving average is $128.65. 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 announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $1.67 earnings per share. Equities analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.27%. DTE Energy's payout ratio is currently 58.92%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DTE shares. Evercore ISI raised their price objective 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. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Citigroup reaffirmed a "buy" rating and set a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company boosted their target price on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One 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. According to MarketBeat.com, the company has an average 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.