2,039 Shares in DTE Energy Company (NYSE:DTE) Purchased by Brown Advisory Inc.

Brown Advisory Inc. acquired a new position in DTE Energy Company (NYSE:DTE) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,039 shares of the utilities provider’s stock, valued at approximately $282,000.

A number of other large investors have also added to or reduced their stakes in DTE. Callan Capital LLC purchased a new stake in shares of DTE Energy during the first quarter valued at approximately $218,000. Envestnet Asset Management Inc. raised its holdings in DTE Energy by 3.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 162,753 shares of the utilities provider’s stock worth $22,504,000 after acquiring an additional 5,684 shares during the last quarter. Penserra Capital Management LLC lifted its position in 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 acquiring an additional 5,970 shares in the last quarter. Cloud Capital Management LLC bought a new position in DTE Energy in the 1st quarter valued at approximately $25,000. Finally, Summit Financial Consulting LLC purchased a new stake in DTE Energy during the 1st quarter valued at $339,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $134.25 on Thursday. The stock has a market cap of $27.86 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.27 and a beta of 0.44. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. The stock’s fifty day moving average is $133.94 and its 200 day moving average is $130.85. DTE Energy Company has a one year low of $114.77 and a one year high of $140.39.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $1.67 earnings per share. Sell-side analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.25%. DTE Energy’s dividend payout ratio (DPR) is presently 58.92%.

Analysts Set New Price Targets

DTE has been the subject of several recent analyst reports. Barclays boosted their price target on DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley dropped their price target on shares of DTE Energy from $136.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Friday, May 16th. Finally, Guggenheim raised their target price on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average target price 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.