Centre Asset Management LLC lessened its position in DTE Energy Co (NYSE:DTE) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,457 shares of the utilities provider’s stock after selling 110 shares during the period. Centre Asset Management LLC’s holdings in DTE Energy were worth $319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DTE. FMR LLC lifted its stake in shares of DTE Energy by 6.4% in the first quarter. FMR LLC now owns 175,821 shares of the utilities provider’s stock worth $21,931,000 after buying an additional 10,517 shares in the last quarter. D.A. Davidson & CO. bought a new position in DTE Energy during the second quarter valued at approximately $203,000. Pictet Asset Management Ltd. lifted its position in DTE Energy by 7.2% during the second quarter. Pictet Asset Management Ltd. now owns 1,074,518 shares of the utilities provider’s stock valued at $137,409,000 after purchasing an additional 72,123 shares during the period. Captrust Financial Advisors lifted its position in DTE Energy by 59.9% during the second quarter. Captrust Financial Advisors now owns 801 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 300 shares during the period. Finally, APG Asset Management N.V. lifted its position in DTE Energy by 1,123.7% during the second quarter. APG Asset Management N.V. now owns 186,000 shares of the utilities provider’s stock valued at $20,887,000 after purchasing an additional 170,800 shares during the period. Hedge funds and other institutional investors own 70.17% of the company’s stock.

Several research analysts have weighed in on the stock. Mizuho set a $134.00 price target on shares of DTE Energy and gave the stock a “buy” rating in a research report on Monday, October 21st. Bank of America raised shares of DTE Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, October 21st. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $141.00 to $143.00 in a research note on Monday, December 16th. Wells Fargo & Co set a $145.00 price objective on shares of DTE Energy and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. began coverage on shares of DTE Energy in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $144.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $133.45.

DTE traded up $0.67 during trading on Tuesday, hitting $130.26. 1,050,965 shares of the company traded hands, compared to its average volume of 968,667. The company has a market cap of $24.41 billion, a PE ratio of 20.68, a P/E/G ratio of 3.26 and a beta of 0.20. The stock’s 50-day simple moving average is $127.25 and its two-hundred day simple moving average is $128.31. DTE Energy Co has a 1 year low of $109.44 and a 1 year high of $134.37. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.28.

DTE Energy (NYSE:DTE) last posted its earnings results on Monday, October 28th. The utilities provider reported $1.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.09). The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.65 billion. DTE Energy had a net margin of 8.24% and a return on equity of 9.93%. During the same period in the previous year, the business posted $2.13 earnings per share. Equities analysts expect that DTE Energy Co will post 6.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a dividend of $1.013 per share. This represents a $4.05 annualized dividend and a yield of 3.11%. This is a boost from DTE Energy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Friday, December 13th. DTE Energy’s dividend payout ratio (DPR) is presently 64.29%.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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