Magellan Asset Management Ltd increased its position in DTE Energy Co (NYSE:DTE) by 15.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,600 shares of the utilities provider’s stock after buying an additional 18,912 shares during the quarter. Magellan Asset Management Ltd’s holdings in DTE Energy were worth $17,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in DTE. BlackRock Inc. lifted its position in DTE Energy by 3.9% in the 4th quarter. BlackRock Inc. now owns 15,212,035 shares of the utilities provider’s stock worth $1,677,888,000 after buying an additional 577,066 shares during the last quarter. Vanguard Group Inc lifted its position in DTE Energy by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 19,856,235 shares of the utilities provider’s stock worth $2,166,911,000 after buying an additional 311,679 shares during the last quarter. California Public Employees Retirement System lifted its position in DTE Energy by 39.2% in the 4th quarter. California Public Employees Retirement System now owns 953,273 shares of the utilities provider’s stock worth $105,146,000 after buying an additional 268,690 shares during the last quarter. Janus Henderson Group PLC lifted its position in DTE Energy by 23.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,334,039 shares of the utilities provider’s stock worth $166,410,000 after buying an additional 252,418 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in DTE Energy by 17.7% in the 1st quarter. Wells Fargo & Company MN now owns 1,293,401 shares of the utilities provider’s stock worth $161,338,000 after buying an additional 194,255 shares during the last quarter. Institutional investors own 70.51% of the company’s stock.

DTE stock traded up $1.18 during midday trading on Wednesday, hitting $128.80. The company had a trading volume of 16,937 shares, compared to its average volume of 953,662. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.61 and a current ratio of 0.78. DTE Energy Co has a 52 week low of $94.80 and a 52 week high of $131.24. The company has a market capitalization of $23.61 billion, a P/E ratio of 20.51, a PEG ratio of 3.44 and a beta of 0.26.

DTE Energy (NYSE:DTE) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $2.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.10. DTE Energy had a return on equity of 10.99% and a net margin of 8.30%. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. As a group, equities analysts predict that DTE Energy Co will post 6.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.78 annualized dividend and a dividend yield of 2.93%. DTE Energy’s dividend payout ratio (DPR) is presently 60.00%.

In other news, Chairman Gerard M. Anderson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $124.79, for a total transaction of $1,247,900.00. Following the transaction, the chairman now directly owns 78,906 shares of the company’s stock, valued at $9,846,679.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lisa A. Muschong sold 237 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $128.86, for a total value of $30,539.82. Following the transaction, the vice president now directly owns 2,100 shares in the company, valued at $270,606. The disclosure for this sale can be found here. Insiders have sold 21,737 shares of company stock worth $2,744,715 over the last three months. Insiders own 0.55% of the company’s stock.

Several analysts have weighed in on the company. KeyCorp assumed coverage on DTE Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $136.00 price objective for the company. Bank of America lowered their price objective on DTE Energy from $124.00 to $122.00 and set an “underperform” rating for the company in a research report on Monday, June 3rd. ValuEngine upgraded DTE Energy from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. UBS Group boosted their price objective on DTE Energy from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research upgraded DTE Energy from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. DTE Energy currently has a consensus rating of “Hold” and a consensus target price of $122.15.

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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.

Further Reading: Strike Price

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

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