DTE Energy Company (NYSE:DTE) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of DTE Energy Company (NYSE:DTE - Free Report) by 52.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,472 shares of the utilities provider's stock after buying an additional 2,580 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in DTE Energy were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Graypoint LLC boosted 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 purchasing an additional 74 shares during the period. UMB Bank n.a. boosted its holdings in DTE Energy by 0.9% during the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock valued at $1,250,000 after acquiring an additional 78 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in DTE Energy by 2.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock valued at $542,000 after acquiring an additional 78 shares during the period. Stephens Inc. AR boosted its holdings in DTE Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock valued at $630,000 after acquiring an additional 81 shares during the period. Finally, First American Bank boosted its holdings in DTE Energy by 0.7% during the 1st quarter. First American Bank now owns 12,304 shares of the utilities provider's stock valued at $1,701,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Trading Up 0.3%

DTE stock traded up $0.49 during midday trading on Friday, hitting $139.51. 1,069,823 shares of the company's stock were exchanged, compared to its average volume of 1,408,126. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $140.39. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 1.82. The business has a 50-day simple moving average of $134.37 and a two-hundred day simple moving average of $131.69. The stock has a market capitalization of $28.95 billion, a PE ratio of 18.85, a P/E/G ratio of 2.76 and a beta of 0.44.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same period in the previous year, the firm posted $1.67 EPS. On average, sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's dividend payout ratio is presently 58.92%.

Analysts Set New Price Targets

Several brokerages have weighed in on DTE. Wells Fargo & Company upped their target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Barclays upped their target price on DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Evercore ISI upped their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley decreased their price objective on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

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.