DTE Energy Company (NYSE:DTE) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in DTE Energy Company (NYSE:DTE) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,753 shares of the utilities provider’s stock after purchasing an additional 5,684 shares during the quarter. Envestnet Asset Management Inc. owned about 0.08% of DTE Energy worth $22,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in DTE. Penserra Capital Management LLC raised its position in shares of DTE Energy by 1,099.4% in the 1st quarter. Penserra Capital Management LLC now owns 6,513 shares of the utilities provider’s stock valued at $900,000 after purchasing an additional 5,970 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in DTE Energy in the first quarter worth $25,000. Summit Financial Consulting LLC acquired a new stake in DTE Energy in the first quarter worth $339,000. Olde Wealth Management LLC acquired a new stake in DTE Energy in the first quarter worth $27,000. Finally, OneDigital Investment Advisors LLC grew its stake in shares of DTE Energy by 2.0% in the first quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Guggenheim raised their target price on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. Evercore ISI raised their target price on DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price on DTE Energy from $136.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, BMO Capital Markets raised their target price on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $141.53.

DTE Energy Trading Down 0.6%

DTE opened at $133.38 on Wednesday. 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 stock has a market capitalization of $27.68 billion, a PE ratio of 18.02, a PEG ratio of 2.29 and a beta of 0.44. DTE Energy Company has a 1-year low of $113.14 and a 1-year high of $140.39. The firm has a 50-day moving average price of $134.03 and a two-hundred day moving average price of $130.82.

DTE Energy (NYSE:DTE) 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. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. During the same quarter in the previous year, the firm posted $1.67 earnings per share. As a group, equities analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy’s dividend payout ratio (DPR) is currently 58.92%.

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.